Trade Finance Officer
3 months ago
Job Responsibility
- Knowledge of finance and trade financing.
- Develop financing strategies to ensure trades are financed.
- Develop measures to ensure corporate regulations are followed.
- Drive better use of trade facilities.
- Inspect trade documents to maintain compliance with terms.
- Coordinate with the supply chain department concerning LC’s and payment terms with
suppliers.
- Communicate with Banks to negotiate for quotes for Letter of Credit Transactions and
explore Trade Finance Opportunities with them.
- Review and negotiate all types of charges raised by current as well as upcoming banks.
- Prepare documents required to be submitted to banks to get credit facilities
- Handle the renewal process for the current facilities with existing banks.
- Control trading operations such as establishing letter of credit, negotiating LC Terms and
conditions, discounting LC, issuing bank guarantees, and submitting control returns on all
the discounted LCs.
- Prepare and submit reports on document checking activities, discrepancies identified, and
actions taken. Provide insights and recommendations for process improvements.
Skills, Experience and Qualification Required
- Minimum 2 year experience in Trade Finance/Facility/ Business Banking.
- Knowledge of international banking
- Highly analytical
- Sound experience of negotiations
- Skilled in excel
Schedule:
- Day shift
**Experience**:
- total work: 1 year (preferred)
Work Location: In person
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