Trade Finance Officer
1 day ago
We are Hiring...
Trade Finance Officer OpportunityLocation: Dubai UAE
Salary: 2.5K AED
How to apply:
Click Apply for the position
Job Responsibilities- Coordinate with the supply chain department on LCs and payment terms with suppliers
- Communicate with banks to negotiate quotes for Letter of Credit transactions and explore trade finance opportunities
- Review and negotiate all types of charges raised by current and upcoming banks
- Prepare files to be submitted to banks for new facilities
- Handle the renewal process for current facilities with banks
- Control trading operations such as establishing LCs, negotiating terms, discounting LCs, issuing bank guarantees, and submitting control returns
- Control all inward/outward remittances including import bills, export bills, remittances, and SWIFT operations
- Submit and manage the payments process ensuring all payments are checked, signed, and submitted to banks before deadlines
- Perform daily corporate cash management and forecasting activities
- Ensure all financial transactions are properly recorded, filed, and reported
- Submit timely and accurate financial information to the Head of Treasury
- Coordinate with the accounting department to ensure accuracy of financial reporting
- Minimum BSc in Finance or other related discipline from a recognized institution
- Minimum 3-5 years of relevant experience in trade finance operations
- Excellent knowledge and experience of trade finance, especially Letters of Credit
- Knowledge of banking applications
- Highly analytical and skilled in currency risk and managerial cash flow
- Sound experience in negotiations
- Proficient in MS Excel
- Excellent communication and interpersonal skills
- High level of integrity and business acumen
- Self-driven and results-oriented
- Ability to solve problems and manage complexities
- Flexible, creative, and innovative
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