Senior Trade Finance Specialist
19 hours ago
Acuity Knowledge Partners, a leading provider of knowledge-based services, is seeking an experienced professional to join its Lending Services team in Gurgaon.
The successful candidate will be responsible for trade finance operations, including letter of credit issuance, documentation, and amendments.
This role requires strong leadership, organizational, and teamwork skills, as well as excellent written and verbal communication abilities.
- Key Responsibilities:
- Subject matter expertise in trade finance operations, including letter of credits.
- Day-to-day activities for LC issuance, documentation, and amendments.
- Letter of Credit updates and reconciliations/book fees.
- Familiarity with ICC rules, such as UCP600, ISBP821, INCOTERMS2020, and URR725.
- Ability to handle complex Letters of Credit, including Transferable LCs, Back-to-Back LCs, and Commodity LCs.
- Strong understanding of the complete Letters of Credit cycle and the roles of various banks involved.
- Analysis and review of LC applications, ensuring compliance with ICC guidelines and internal policies.
- Issuance of Reimbursement Authorization (RA) and Reimbursement Undertaking (RU).
- Sound understanding of SWIFT message types, such as MT700, MT710, MT720, MT730, MT740, MT742, MT747, MT754, MT202, MT103, and associated fields.
- Awareness of Anti-Money Laundering and Anti-BOYCOTT regulations/Clues and ability to identify reflags in LCs and LC applications.
Required Background:
- Excellent written and verbal communication skills.
- Strong understanding of Syndicated Loan Operations, Letter of Credits, and Trade Finance Operations.
- Bachelor's or Master's degree in commerce.
- Ability to multi-task independently under tight timelines and maintain attention to detail.
- 10-15 years of relevant experience in Trade Finance Operations.
Salary Estimate: ₹1,200,000 - ₹1,800,000 per annum, depending on qualifications and experience.
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