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Trade Finance Officer

3.00 to 7.00 Years   Doha, Qatar   10 Sep, 2021
Job LocationDoha, Qatar
EducationNot Mentioned
SalaryNot Mentioned
IndustryAutomotive Dealership & Distributor
Functional AreaNot Mentioned

Job Description

  • Set up relevant financial structures for all transactions in order to minimize risk, optimize working capital and reduce financing cost
  • Review tenders and business projects to identify finance related requirements and meet the requirements in an optimal manner
  • Review facility and security documentation for existing and new financing facilities
  • Be the main point of contact for all banking related matters
  • Review and negotiate bank documentation of existing and new financing facilities
  • Be responsible for allocating Accounts Receivables discounting, LC issuance, and LC confirmation business among the banking pool in a cost-efficient and timely manner
  • Minimize financing costs through negotiations.
  • Review contracts and tender documents in order to identify and address finance related requirements
  • Be a source and point of contact for commercial teams to provide advice and guidance on financing costs and availability of various financing tools to support the business while meeting KPIs
  • Review and pro-actively assist in creating new and/or updated internal finance procedures to keep up with best practices
  • Prepare various information and reporting packages for banks and financing partners covering business, operational, financial, and other information about the Group
Letter of Credit Management
  • Negotiate LC/Guarantee wording in accordance with internal policies to adequately protect the company
  • Manage LC requests (IN/OUT) and liaise with operations and banks? LC departments to ensure acceptable LCs are issued/received timely
  • Be responsible for managing the documentary process for commercial LCs, LC confirmations, and discounting of LCs with banks;
  • Be responsible to review and advise stakeholders on all documentary processes and requirements related to LCs and LC payments;
  • Review and manage tender related LC requirements, such as Bid Bonds, Performance Bonds, and make allocations at minimum cost;
  • Contractual review for finance-related matters to ensure compliance with company policies;
  • Input, maintain and verify data in a proprietary system (Autoline).

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