Job Description

Position: - Trade Finance Officer
(Specialized in Import & Export)Job Location- DubaiExperience- 5-8 Years in Treasury & Trade Finance,
preferably in manufacturing & trading company- Petrochemicals, Chemicals,
Lubricants etc.Qualifications- Graduate in Accounting / M.Com/Finance / Preferred from Trade finance

Job Purpose·       
To
provide operational support to the organization in terms of Treasury and Trade
Finance Activities – LCs, Guarantees, Bank Account Management, Cash Management,
Loan Management, Reporting etc. Key
Accountabilities·       
Import
LC Management: Managing
the complete lifecycle of Import Letter of Credits – Preparation of LC
Applications as per PI and PO, following up with Banks for its processing,
checking the transmitted copy, managing discrepancies, Retirement of documents,
Checking the documents on arrival for its compliance, settlement value, charges
and accounting·       
Export
LC Management: Managing
the complete lifecycle of Export Letter of Credit – Checking the incoming LC
for its workability, seeking amendments, preparation of documents in compliance
with terms and conditions of LC and applicable Rules, Negotiation, Discrepancy
management, follow-up with Banks at various stages till final settlement and
accounting.·       
Guarantees: Managing the complete lifecycle of Bank
Guarantees – Checking the request for Guarantees from Business units,
preparation of Applications and formats for various types of Guarantees (Tender,
Advance Payment, Performance, Retention, Financial, etc.), attending to queries, and resolving all issues for approval and issuance. Retrieval of old guarantees
on expiry or completion of purpose and maintain records etc. Risk avoidance and
mitigation in guarantees is a primary task.·       
Loan
Management: Forecasting
funds requirement and availing various loans – Import Loans, Short-term Loans,
Invoice Discounting etc. monitoring and planning Settlements, Interest
accruals, accounting, record maintenance etc.·       
Reporting: Preparation of various reports relating to
Cash Position, Cash flow forecast, LCs, Guarantees, Bank borrowings etc. Preparing
schedules for Interim and Final Audit and attending to queries raised by
external auditors and resolving them to their satisfaction.Job-Specific
Skills:Knowledge
of Trade Finance Rules – UCP600, URDG 758, URC522, and Incoterms 2010Knowledge
in Accounting / Finance



























Proficiency
in MS Office

Required Knowledge, Skills, and Abilities

• accounting
• finance
• discrepancy management

Education + Experience

• Qualification: Degree