Senior Trade Finance Advisory

Job Description

What are my responsibilities? ? Consulting in all areas of Letter of Credit such as issuance of LC drafts, support for wording of payment terms, clearance of Discrepancies, implementation of electronic notification of LCs to SFS from financial institutions, checking and processing of LC documents to Financial Institutions as well as negotiation of bank charges for LC business. ? Maintain proper records on all incoming Letter of Credits, LC amendments, SBLCs advised via SFS as well as direct from Bankers and co-ordinate with respective Sectors/ Divisions/BUs this is done in order to ensure that risk is hedged and Divisions delivered goods in line with LC terms & conditions. ? On requests from Divisions shop around with different banks for best possible rates for Letter of Credit Discounting and negotiate with bank the term & conditions and get approval from TFA Head accordingly. This is done to improve Division cash flows. ? In receipt of LC documents/collection order/ ESCROW documents for further negotiation with banks; from Sectors/ Divisions, ensure to process them all on time with proper Bill of Exchange and company covering letter with complete company bank account details of the credit at maturity and make sure all the documents are presented as per LC T&C. ? Monitoring and ensuring to get an update on all documents submitted to bank, on time as per UCP 600 and make sure that the bills has got accepted and credited into company account on time and Divisions cash inflows targets are met timely ? Ensure and negotiate with all banking partners to get their best and excellent services on time with lowest bank charges including LC advising, confirmation charges, Discounting charges, SOR Charges and LC negotiation commission etc. ? Follow up with divisions for all upcoming LC expiration, shipment dates and LC document presentation period to ensure smooth working of LC Business and there by achieving the Divisions targets from both technical and commercial aspect ? Validation and SAP booking of Letter of Credit processing and handling charges from banks ? Ensure all forecasted cash-inflows got actual under Letter of Credit business with close follow-ups and tracers with banking institutions in order to meet the cash-inflow target. ? Provide all required details under LC business to Accounting team for proper AR adjustments/AR clearings in SAP and also for provision bookings during closing time ? Support in Bank Guarantee Business in co-ordination with banking partners and internal stakeholders , also regularising GREAT as a TFA Team member ? Reporting to TFA Hub on volume of Letter of Credits got issued by our customers with as the beneficiary for the projects, products, and services business with its total values. LC monthly/quarterly cash inflows including LC discounting done on division wise What do I need to qualify for this job? ? 6-8 years of hands on experience in dealing complex letters of credit and guarantees / SBLC so that these could be structured in line with Contract terms and conditions to mitigate risk. ? Very good command of both spoken and written Arabic and English languages ? Experience handling / structuring complex Letters of credit to mitigate payment risk knowledge on Guarantees. ? Experience of Negotiation of Credit facilities with Global and Regional banks mitigating unnecessary exposures by using Terms and Conditions ? Very Good command of MS Excel and Word ? Strong communication skills ? Organized, systematic and tidy ? Experience from international exposure preferred What do I need to know? ? Focus on quality and accuracy ? Intercultural Sensitivity and customer service orientation How do I apply? We are looking forward to receiving your on-line application. Please note: only complete application documents can be considered in the selection process Organization: Controlling and Finance Company: Industrial LLC Experience Level: Experienced Professional Job Type: Full-time

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