Trade Finance Executive
6 days ago
**Responsibilities**:
Pre-Trade Preparation:
- Prepare documentation for bank facility reviews.
- Communicate potential cargo line-up to traders and advise on estimated all-in financing costs.
- Coordinate with banks on financing options, available limits, and financing costs.
- Review trade deal recaps and contract payment terms.
- Send import and export LC drafts to banks and counterparties for review.
LC/SBLC Issuance:
- Handle inquiries from banks regarding LC issuance and amendments.
- Monitor vessel movement status and cargo value mark to market.
- Research and facilitate LC amount amendments as needed.
- Coordinate with counterparties and accounts departments on invoice values and payment due dates.
- Collate invoices and related documents for LC negotiation.
- Monitor cargo import arrival and export payment statuses.
- Rectify discrepancies in presented documents.
Filing, Recording, and P&L Reconciliation:
- Organize electronic and physical records of transactions and trade details.
- Coordinate with banks on potential charges related to trades.
- Perform P&L reconciliation.
- Handle any other ad-hoc duties and projects as assigned.
**Requirements**:
- Posses Degree or equivalent in Business, Economics, Trade, Supply Chain, or related discipline.
- At least 3 years of Trade Finance operation experience in commodities trading company or banks handling LC, SBLC and Collection.
- Practical knowledge of UCP600, ISBP745 and Incoterms 2020 would be an added advantaged
How to apply:
Registration No.: R1101084
EA License No.: 20C0426 (Elitez & Associates)
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