Accounts Executive

About the Job

Who We Are

We help to create icons. We help to build marvels. Our products feature in some of the most iconic buildings in the world.

RAK Ceramics
is one of the largest ceramics brands globally, specializing in ceramic and gres porcelain wall and floor tiles, sanitaryware, faucets, and tableware. Headquartered in the United Arab Emirates, we serve clients in over
150 countries
through operational hubs in
Europe, the Middle East and North Africa, Asia, North & South America, and Australia
.

With over
12,000 employees from 40+ nationalities
, we are a truly global and diverse organization. RAK Ceramics is publicly listed on the
Abu Dhabi Securities Exchange (ADX)
and the
Dhaka Stock Exchange
.

The Role

We are looking for an
Accounts Executive (Payable)
to independently manage and execute all import and export trade finance activities for the company. The role ensures accurate processing, compliance with banking regulations, seamless coordination with internal stakeholders, and proper documentation and accounting in SAP.

This position plays a critical role in supporting our procurement, logistics, and treasury operations by ensuring the timely and compliant handling of all trade finance instruments.

What You Will Be Doing

Letters of Credit (LC) – Import & Local

• Manage end-to-end processing of Import and Local LCs, including issuance and amendments
• Ensure LC terms accurately reflect Purchase Orders (quantity, Incoterms, prices, shipment period, tolerance, partial shipment, etc.)
• Track expiry and utilization, and initiate required amendments
• Process document acceptance and highlight discrepancies to the Purchase team

Bank Guarantees (BG)

• Handle issuance, amendments, and cancellation of Performance, Advance, and Financial Guarantees
• Track validity, commission charges, and expiry of all guarantees

Document Handling & Clearance

• Coordinate daily with banks for Arrival Advice and shipping documents
• Release documents to Purchase/Logistics for customs clearance
• Manage signatory approvals and ensure the timely release of all documents

SAP FI / TRM Entries & Reconciliations

• Create and book all trade finance deals in SAP (LC, DA/DP, BG transactions)
• Post payments for sight/usance documents, LC settlements, bank charges, and guarantee fees
• Reconcile bank charges against tariff; follow up for refunds if required
• Post and reconcile export-related charges and transactions

Funds Management

• Coordinate with Treasury for timely fund arrangements for LC maturities and sight payments
• Track due dates of DA documents and ensure timely settlement

Export Trade Finance

• Handle export documentation, negotiation, and booking of charges
• Coordinate with customers and banks for document acceptance and payment realization

VAT & Compliance

• Ensure timely collection and booking of VAT invoices from banks
• Comply with internal controls, bank policies, and regulatory requirements

MIS & Reporting

• Prepare weekly and monthly MIS reports on LC, DA/DP, BG, and bank charges
• Maintain accurate trackers for all trade finance instruments

What We Are Looking For

Some of the key competencies required for the role include:

Functional

• Strong technical knowledge of Trade Finance operations
• Excellent understanding of UCP 600, ISBP, URC 522, and Incoterms
• Strong SAP FI skills (TRM is an advantage)
• Strong documentation accuracy, coordination, and follow-up capability

Behavioural

• Detail-oriented with strong accuracy in financial data handling
• Organized and able to manage multiple tasks
• Good communication and coordination skills
• Proactive and dependable, with a strong sense of ownership

Our Ideal Match

• Bachelor's degree in Finance, Accounting, or Commerce (mandatory)
• 5–7 years of hands-on experience in Trade Finance operations within a manufacturing or trading environment
• Experience managing LCs, BGs, import/export documents, and SAP-related postings
• Strong understanding of banking procedures and regulatory compliance

RAK Ceramics is an Equal Opportunity Employer.

We do not discriminate on the basis of race, colour, religion, gender, nationality, disability, age, or marital status.