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Open nowPosted 4 days ago

Trade Finance Senior Executive

Workable (global search)107,990 open roles

Where
Dubai, United Arab Emirates
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Your applicationOpen nowTrade Finance Senior ExecutiveWorkable (global search) · Dubai, United Arab Emirates
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7.9% of postings close within 7 days. Measured by our own scanner across the market. Workable (global search) postings stay open a median of 6 days.

Share of postings closed within
  1. 1.6%1 day
  2. 3.6%3 days
  3. 7.9%7 days
  4. 14.9%14 days
  5. 34.0%30 days
This job: posted 4 days ago

Workable (global search) median: 6 days open

The posting

We are looking for experienced trade finance candidate for manufacturing industry. Candidate should be well versed with trade finance products. Responsibilities for this position includes:

  • 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 departments 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.

Requirements

  • 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
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