Senior Trade Finance Officer
Posted on :
29-03-2024
Employer Active
1 Vacancy
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Job Description
- Responsible for the functions related to Documentary Credit (import & export) and Guarantees.
- Issue letter of credit request to the bank and check documents presented under LC and LG are accurate and adhere to bank requirements.
- Review & verify LG, LC and other trade financing document and coordinate with the banks for extensions, alternation, renewal and closing on duly basis.
- Liaise with relevant department regarding discrepancies in documents presented under documentary credits.
- Monitor all LC payments accounted for in ERP system through verification against purchase orders and proforma invoices.
- Ensure that all supplier invoices along with other charges and commission under LC are recorded to warrant accuracy and completeness.
- Propose amendments to the procedures, if required, and maintain an acceptable level of internal control in the tasks that falls under responsibility.
- Maintain & improve relationship with banks & other financial institutions and seek for new opportunity & new bankers.
- Review terms and conditions related to banks’ contracts regularly.
- Monitor regularly bank accounts/advice for account position, charges & commission and interest rates.
- Respond to relevant department and bank’s queries and resolve any issue efficiently.
- Provide periodic reports/statistics for management
Employment Type
Full Time
Department / Functional Area
Key Skills
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