Trade Finance Manager

Confidential Company; Dubai; On-site; AED 300,000 - 540,000; Full time

Job summary

Confidential Company is seeking an experienced Trade Finance Specialist in Dubai to lead the banking strategy for trade finance and ensure optimal pricing and coverage for expanding operations.

You will onboard banks, review tenders, and vet facilities, contracts, and bank guarantees while coordinating with Headquarters and other departments to support trade finance activities across the group.

Qualifications

• Bachelor's Degree in Accountancy/Finance.
• Minimum of 8 years of Trade Finance Experience in banking or commodity trading.
• Fluent written/spoken English.
• Interpersonal and organisational skills.
• IT literate – Excel, PowerPoint and Word.
• CDCS preferred but not mandatory.
• Thorough knowledge of UCP 600, ISBP, URR, Incoterms and URDG.
• Ability to meet tight deadlines in a demanding environment.
• Prior SAP experience is preferable; strong MS Excel knowledge.

Responsibilities

• Develop the trade finance banking strategy, ensuring best pricing and coverage of trade finance services to support the expanding business.
• Onboard new trade finance banks/institutions.
• Review tenders and business projects to identify trade finance related requirements.
• Review facility and security documentation for existing and new financing facilities.
• Be the main point of contact for all banking related matters for Headquarters and the rest of the group.
• Assist and interact with other departments and support them with trade finance related matters.
• To manage Trade Finance/Customs related documentation effectively and efficiently with suppliers and end-users.
• Independently handle trade finance tasks for the entire Group.
• To vet purchase contracts and sales contracts.
• To vet bank guarantee formats requested by customers and liaise with the issuing bank for their issuance.
• Possess knowledge of specifics of commodity trading deals including operational, documentation, and credit risks in general.
• Working knowledge of Switch BL’s.
• Interact with shipping companies, agents to provide BL instructions.
• To understand customs procedures of countries where the Group ships the cargo and ensure the end-user can clear the cargo.
• To negotiate with banks for pricing to discount LC Bills and Back-to-back deal pricing.
• Co-Ordinate with Treasury and Cash management teams for outgoing and incoming fund requirements.
• Track documents under Import LC and ensure payment instructions to banks are sent in a timely manner.
• To negotiate for the best pricing on all the charges related to import and export transactions.

Skills

Fluent English

Trade Finance

Banking Operations

Interpersonal skills

Education

Bachelor's Degree in Accountancy/Finance

Tools

Excel

PowerPoint

Word

SAP

Job description

• Development of the trade finance banking strategy, ensuring best pricing and coverage of trade finance services to support the expanding business of the company

• Onboard new trade finance banks/institutions

• Review tenders and business projects to identify trade finance related requirements

• Review facility and security documentation for existing and new financing facilities

• Be the main point of contact for all banking related matters for Headquarters and the rest of the group

• Assist and interact with other departments within the Company (Sales Desk, Finance, Cash Control, and others) and support them with trade finance related matters

• To manage Trade Finance/Customs related documentation effectively and efficiently with suppliers and end-users

• Independently handle trade finance tasks for the entire Group

• To vet purchase contracts and sales contracts

• To vet bank guarantee formats requested by customers and to liaise with the issuing bank for their issuance. The incumbent should raise any associated risks with guarantee and appraise the management

MIS Reporting

• Possess knowledge of specifics of commodity trading deals including operational, documentation, and credit risks in general

• Working knowledge of Switch BL’s

• Interact with shipping companies, agents to provide BL instructions

• To understand customs procedures of countries where the Group ships the cargo and ensure the end-user can clear the cargo

• To negotiate with banks for pricing to discount LC Bills and Back-to-back deal pricing

• Co-Ordinate with Treasury and Cash management teams for outgoing and incoming fund requirements

• Track documents under Import LC and ensure payment instructions to banks are sent in a timely manner

• To negotiate for the best pricing on all the charges related to import and export transactions.

Desired Candidate Profile

• Bachelors Degree in Accountancy/Finance.

• Minimum of 8 years of Trade Finance Experience in a banking/commodity trading organization

• Fluent written/spoken English

• Interpersonal and organisational skills

• Have good planning ability and work under pressure

• Documents checking/preparation under Letters of Credit and Collections

• IT literate – excel, PowerPoint and word essential

• Ability to start the functions with less or no training

• CDCS(Certified Documentary Credit Specialist) preferred but not mandatory

• Thorough knowledge of UCP 600, ISBP, URR, Incoterms and URDG

• Ability to work to tight deadlines in a demanding environment

• Make effective oral presentations to large and small groups.

• Knowledge of the steel industry would be a distinct advantage

• Prior SAP experience is highly preferable, excellent MS Excel knowledge is required

• Working knowledge of Bank risk discounting