Specialist - Trade Finance - Bank

JOB DESCRIPTION:

Position Title: TRADE FINANCE SPECIALIST

Reporting to: Finance Manager

Location : India

Exp - 2-3 YEARS

Background COMMERCE / FINANCE

Skills : Trade Finance Management/ LC, Good with system and excel

Client has a worldwide presence having regional offices across the globe. Client has a network of highly qualified commercial and technical professionals, dedicated to providing steel solutions that meet the specific needs of our customers' diverse projects.

This specific role shall report to the Client Projects Middle East and East Africa regional headquarters in Dubai

Purpose / Direction / Mission of this role:

The subject role shall be responsible for all banking and trade finance functions within the finance department. Trade Finance Specialist plays a crucial role in facilitating trade transactions by providing financial solutions and mitigating risks for businesses involved in purchase / sales transactions. The responsibilities shall primarily include Letter of Credit Management / Documentary Collections / Bank Guarantee /Banking Relationship management / Working Capital Management etc

Major Responsibilities:

- Review, advise on, and process letters of credit, ensuring compliance with terms and conditions of credit both on Import and Export transactions.

- Collaborate with suppliers, customers, and banks to resolve discrepancies and facilitate smooth negotiations.

- Ensuring clean negotiations of export letter of credits, proactively advising for potential discrepancies and suggestions for mitigating the same.

- Negotiating cost of funding with different banks for export LCs.

- Initiating internal approvals for import/export LCs.

- Handle and process documentary collections, ensuring accurate presentation of shipping and financial / commercial documents.

- Provide guidance to clients on the collection process and address any discrepancies.

- Bank Facility Utilization and Management: Optimize the interest / bank charges by carefully analyzing the available credit lines with the banks / treasury and utilizing them.

- Assess and manage risks associated with trade, including currency exposures, forex risks, and credit risks.

- Recommend and implement risk mitigation strategies such as hedging requirements wherever necessary.

- Evaluate and recommend appropriate financing options to meet the working capital needs of the company.

- Stay updated on international trade regulations / INCO terms and compliance requirements.

- Ensure that trade transactions adhere to legal and regulatory frameworks.

- Build and maintain strong relationships with banks, suppliers, and customers.

- Oversee and verify trade-related documents, including invoices, bills of lading, and certificates of origin.

- Provide expert advice to commercial teams on trade finance products, services, and best practices.

- Generate reports on trade finance activities, trends, and performance metrics.

- Conduct analysis to identify areas for process improvement and optimization.

Qualifications:

- Graduate/PG in Commerce / Finance

- At least 2-3 years professional experience in Trade Finance Management / LCs

- Excellent computer skills, proficient with Microsoft suite of products, (particularly Excel) .

- Excellent Communication & Negotiation Skills

- A self-starter, able to work under pressure in a constantly changing environment.

- Team player, flexible, open-minded, commercial, responsible

- High level of motivation and positive approach

- Integrity, loyalty and confidentiality

- Fluent English, any other languages a plus