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Trade Finance Analyst in Dubai - United Arab Emirates

Experience: 3 - 8 yrs.
Education:Basic - Bachelor of Science, Bachelor of Arts, Bachelor of Commerce(Commerce), Bachelor of Business Administration(Management)
Nationality: Any Nationality
Industry Type: General Trading / Export / Import
Other Benefits:Medical Insurance, Paid Annual Leaves, Annual Air tickets
Functional Area:Finance / Treasury Apr 4, 2019

Job Description

Role Overview:
The Trade finance Analyst will handle all aspects of the operations for the Centralized Trade finance function of the Group. He/she will liaise with the Group Companies and external banks for daily operational enquiries and support, ensuring that all Trade finance transactions are processed in a timely manner.

Areas of Responsibility:
The main responsibilities will be to cover all aspects of Trade finance relating to the provision of expert guidance to the Group entities on documentation drafts, issuance, amendment, processing, calculation, negotiation of fees, reporting and reconciliation of transactions relating to:

• Import Letter of Credits
• Export Letter of Credits
• Import Documentary Collections
• Bank Guarantees

PROCESSING: To process Bank Guarantees, Letters of Credit within the agreed timeline and ensure that bank charges are monitored as well as negotiated with the banks in order to reduce costs.

VERIFICATION: To verify LC documents (Export) and provide support relating to documentation.

REPORTING: To update all LC, Guarantees and outstanding data in the Treasury Management system and track all auto Renewal BGs – and follow up for immediate cancellation when required.

TRANING AND CONTINUOUS IMPROVEMENT: To keep abreast of all UCP regulations, Inco terms, etc and educate/provide training to the users/entities through workshops and in house sessions.

CASH MANAGEMENT: The Trade Finance Analyst will also be involved in the provision of information to be used in the Group’s cash flow forecasting, and as such, should have a firm understanding of cash management processes relating to payments, cash forecasting and risk management.

ADHOC: Other Adhoc items that may from time to time become a requirement for the smooth running of the Treasury operations, such a assisting the Group Treasury Manager with Treasury projects, creation of policies and procedures and providing cover during team absences.

The role will involve extensive exposure to the Groups Internal and external stakeholders, and the candidate will be required to handle the external banking relationships and teams dealing with the Trade finance transactions.

Desired Candidate Profile

The idea candidate will come from a corporate background, and will possess excellent communication skills and a good business acumen to be able to deal with external clients professionally.
• At least 3 year of experience in a Trade finance role within a Corporate is a MUST.
• At least 3 year of experience in a Trade finance role within a Corporate is essential.
• Attention to detail, organized and is able to multi-task.
• Ability to work as a team and independently
• Excellent Microsoft excel skills
• Quantum Treasury system experience

Educational Background:
• Minimum Bachelor’s Degree in Finance/ Accounting/Business or related.
• Trade finance certificates desirable but not essential

Keyword: Trade Finance, Cash Management, Trade Finance Executive, Trade Finance Management
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