Trade Finance Senior Executive

Conares; United Arab Emirates; On-site; AED 200,000 - 300,000; Full time

Job summary

A manufacturing company in the United Arab Emirates is looking for an experienced Trade Finance candidate. The role involves monitoring bank liabilities, coordinating with the sales team, and ensuring timely payments and documentation. The ideal candidate will have at least 5 years of experience in Trade Finance Services, familiarity with banking systems, and must possess strong communication and negotiation skills. UAE experience is essential, and manufacturing industry experience is preferred.

Qualifications

• Confident and self-motivated with the ability to thrive in a fast-paced environment.
• 5 years of related experience in Trade Finance Services.
• Manufacturing industry experience is preferred.
• UAE experience is mandatory.

Responsibilities

• Monitor bank liabilities and ensure timely addressing of dues.
• Provide input for clearance of bank liabilities.
• Liaise with sales for expected cash inflows via advances.
• Share reports on liabilities and receivables with department heads.
• Inform sales about export LC requirements and allocate export LCs.
• Review LC drafts and inform sales about necessary amendments.
• Ensure shipments are planned as per LC stipulations and extend if needed.
• Assist in renewal of working capital facilities with banks.

Skills

Trade finance knowledge

Communication skills

Negotiation skills

Team management

Banking systems proficiency

Education

Degree in Business, Economics, Finance/Accounting or related field

Tools

MS Office Suite

SAP

Job description

Overview

We are looking for an experienced trade finance candidate for the manufacturing industry. Candidate should be well versed with trade finance products.

Responsibilities

• Monitoring and ensuring the bank liabilities are addressed on the respective due dates.
• Providing inputs to department heads/management for the clearance of the liabilities and alerting in case of shortfall to address the same.
• Liaising with Sales co-ordinating team to receive the expected cash inflow by means of advances and through planned deliveries.
• Sharing the liability and the receivable reports/inputs to department heads to discuss the cash flow management.
• Informing Sales team on the export LC requirement with each banks and allocating the export LCs to respective banks to meet the credit conditions and to open import transactions.
• Reviewing the LC draft/application based on the Sales order and informing Sales team on the amendments required.
• Liaising with Sales team and ensuring the shipments are planned within the latest shipment date mentioned in the LC and informing them to extend if the LDS is expired.
• Assisting department heads in the working capital facility renewal with banks and sharing the necessary documents/reports to banks as required.
• Ensuring the export LC document proceeds from bank and the CAD document proceeds from customer are received on time by liaising with bank and sales team.
• Liaising with procurement team for the import requirements and arranging transactions in respective banks based on the available limits.
• Monitoring the open account payments to the suppliers and arranging cash/LC/TR payments based on our cash and the limit positions with the bank.
• Addressing the bank queries related to our accounts/working capital facilities and arranging the necessary documents to the banks as required.
• Assigning the export LC/receivables to the banks as per the credit conditions and ensuring the limit positions are in line with the bank records.
• Sharing the bank transactions/advice copies to the concerned team members and informing them to pass necessary entries in SAP/daily report files.
• Monitoring the day-to-day activities of the team members and ensuring the process are being followed and addressing the queries/escalations (if any).
• Addressing the trade finance queries from both internal and external stakeholders.
• Ensuring the SAP entries and the daily report entries are properly updated/matched by the team members.

Qualifications

• Confident, self-motivated individual that thrives in a fast-paced, dynamic environment.
• Proficient in the use of bank related business systems and general technology such as Ms office package.
• Degree in EXIM, CDCS, Business, Economics, Finance/Accounting, International Relations or similar.
• UAE experience must.
• Manufacturing industry experience preferable.
• Good communication & negotiation skill.
• 5 years of related experience in Trade Finance Services.