Finance Executive
6 days ago
1. Handle the preparation, verification, and processing of various trade documents such as letters of credit, bills of exchange, invoices, shipping documents, and insurance documents.
2. Ensure accuracy and compliance with international trade regulations.
3. Arranging financing solutions for both export and import transactions, including trade credit, loans, and other financial instruments to facilitate trade activities.
4. Assess and mitigate various risks associated with international trade, such as credit risk, country risk, currency risk, and regulatory compliance risk.
5. Liaise with internal stakeholders such as sales, procurement, and finance teams, as well as external stakeholders including banks, suppliers, and customers to ensure smooth execution of trade transactions and resolve any issues that may arise.
6. Stay updated with international trade regulations, sanctions, and compliance requirements imposed by regulatory bodies such as ICC, WTO, and OFAC. Ensuring compliance with these regulations is critical to avoid legal issues and penalties.
7. Have a strong understanding of various trade finance products and services offered by financial institutions, such as documentary credits, trade loans, factoring, forfaiting, and export credit insurance, and recommend suitable solutions based on the company's needs.
8. Continuously review and improve trade finance processes to enhance efficiency, reduce costs, and minimize risks associated with trade transactions.
**Requirements**:
1. Bachelor's Degree: A bachelor's degree in finance, international business, economics, or a related field is often required or strongly preferred. Relevant coursework may include international trade, finance, accounting, business law, and economics.
2. Proficiency in one or more foreign languages can be advantageous in dealing with international clients and partners.
4. Familiarity with international trade regulations and compliance standards is crucial.
5. Strong analytical skills are essential for assessing trade finance risks, conducting financial analysis, and making informed decisions.
6. Effective communication skills for interacting with clients, colleagues, and stakeholders from diverse cultural backgrounds. Negotiation skills and the ability to build and maintain relationships are also important.
7. Attention to detail is critical to ensure accuracy and compliance.
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