Treasury Trade Finance Officer

4 days ago


Abu Dhabi, Abu Dhabi, United Arab Emirates Ghobash Group Full time

Job Purpose:

  • 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 analyze 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 cutoff 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 analyze 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.

Qualifications:

  • Bachelor's degree in Finance, Banking, or any relevant field from a recognized university or institution.

Remote Work:

No

Employment Type:

Full-time

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