Treasury & Trade Finance Officer

Ghobash Trading & Investment Company; Abu Dhabi; On-site; AED 60,000 - 100,000; Full time

Job summary

An established industry player in the finance sector is seeking a Treasury & Trade Finance Officer to enhance their financial operations. This role involves managing cash flow, trade finance transactions, and risk management strategies while ensuring compliance with regulatory standards. The ideal candidate will possess a strong educational background in finance or banking, coupled with practical experience in treasury management. Join a dynamic team where your contributions will significantly impact the company's financial health and operational efficiency. If you are passionate about finance and eager to make a difference, this opportunity is perfect for you.

Qualifications

• Bachelor’s degree in Finance or Banking is required.
• Strong skills in cash and liquidity management are essential.

Responsibilities

• Assist in managing financial resources and trade finance transactions.
• Monitor daily cash position and prepare cash forecasts.
• Review banking facilities documentation and ensure compliance.

Skills

Cash Management

Liquidity Management

Trade Finance

Risk Management

Regulatory Compliance

Education

Bachelor’s degree in Finance

Bachelor’s degree in Banking

Relevant field from a recognised University

Job description

Responsibilities:

• To assist the finance department in managing the company’s financial resources including cash management, liquidity management, foreign exchange, risk management, and regulatory compliance.
• To handle the trade finance transactions (mainly letters of credit and bank guarantees).
• To reconcile bank statements and maintain banking relationships.

Treasury Management:

• Monitor and analyse the company’s daily cash position to cover cash commitments and coordinate/optimize the short-term and long-term borrowing.
• Manage cash flow, income, liability obligations, and assets.
• Pool cash from all secondary bank accounts when necessary.
• Adhere to month-end cut-off schedules for reconciliations of all cash-related accounts, all month-end processes, and all related journal entries.
• Prepare daily, weekly, and monthly reports on the cash position.
• Assist with the company’s hedging program.
• Assist with risk management by identifying/recommending strategies to minimize foreign currency and interest rate risks.
• Assist with short- and long-term intercompany settlements and transactions.
• Monitor and analyse bank fees and interest charges.
• Maintain positive relationships with the banks.
• Assist other departments (e.g., audit, accounting) with month-end and ad-hoc information requests as needed.
• Work with the company’s business units to prepare weekly/monthly/annual cash forecasts and other cash and borrowing projection models and establish metrics/key performance indicators.
• Recommend and implement solutions to strengthen operational controls and incorporate best practices.

Trade Finance:

• Preparation of banking documentation for letters of credit (LC) and collection bills, amendments, and TRs.
• Checking of documents negotiated under LC.
• Process documentation required to be presented to banks for negotiation.
• Follow up on all discrepancies, acceptance payment, and any disputes.
• Ensuring bills under Usance LC are paid on due date by applying TR or requesting the same to be included in daily cash planning.
• Checking of bank charges pertaining to LCs / TR interest rates.
• Vetting texts for bank guarantees (both internally and with the relevant banks) and concluding on the acceptable text with the suppliers/customers.
• Processing the bank guarantee requests, collection of guarantees from the banks, and delivery of guarantees to the beneficiaries.
• Maintaining a track record of all open trade finance items.
• Ensuring the collection and cancellation of all bank guarantees after expiry (whenever the guarantees cease to be required).

Annual Budget:

• Assist Senior FM in preparation of cash budget.

Banking Facilities:

• Review banking facilities documentation (renewals) for the company and ensure in line with the company’s requirements.
• Manage the requirements of the banks for compliance with financial conditions/covenants.

Desired Candidate Profile:

Qualifications:

• Bachelor’s degree in Finance, Banking, or any relevant field from a recognised University or Institution.

Company Industry:

• Banking
• Broking

Department / Functional Area:

• Finance
• Treasury

Keywords:

• Treasury & Trade Finance Officer