
Trade Finance Assistant Manager
6 days ago
JOB SUMMARY:
• Handles daily trade finance operations and ensure efficient use of bank lines/funds.
• Provide trade finance support to commercial desks to sell down counterparty, bank and country risks.
• Source fee quotes and negotiate rates with banks to ensure charges are competitive and correct.
• Monitor bank lines utilization and prepare periodic reports (eg. Daily, weekly, monthly) to local management / Treasury.
• Supervise support staff.
MAIN DUTIES AND RESPONSIBILITIES:
• Plan and monitor bank lines utilization to ensure cost effectiveness.
• To lend support to commercial desks in defining appropriate payment instruments, eg. LCs which are acceptable and the costs associated with such LCs.
• Engage the banks to distribute LC risks, obtain and negotiate competitive rates.
• Liase with Operations team, Central Finance (Treasury) and banks for trade financing and corporate short-term financing requirements. Arrange financing with the banks either from the import leg (TR, freight loan) or export leg (financing, discounting).
• In consultation with the Central Finance (Treasury), direct trade flows of unrestricted documents to current and prospective relationship banks.
• Ensure covenants are met by channeling relevant export to banks periodically.
• Assist to ensure Trade Finance Operations monitor and process transactions properly, accurately and on a timely basis.
JOB REQUIREMENTS:
• Degree in banking/finance or related disciplines
• Min. 5 years of related work experience in handling LCs and trade documents, last 3 of which should be in a similar capacity of a similar industry.
• Good working knowledge of trade finance operations in a commodity trading environment.
• Strong knowledge in UCP600 / ISBP681
• Ability to prioritise and respond quickly and decisively on spot issues.
• Good problem-solving skills.
• Excellent communication and interpersonal skills.
• Ability to establish and maintain effective and cooperative work relationship both within and outside of the Trade Finance Department.
Commodity
Treasury
Ingredients
Microsoft Office
Microsoft Excel
Interpersonal Skills
ACCA
Trade Finance
Restaurant Management
Accounts Receivable
Accounting
Freight
Customer Service
Scheduling
Audit
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