Treasury & Trade Finance Officer

Job Purpose:

• To assist the finance department in managing the companys financial resources including cash management liquidity management foreign exchange risk management and regulatory compliance.
• To handle the trade finance transactions (mainly letters of credit and bank guarantees).
• To reconcile bank statements and maintain banking relationships.

Treasury Management

• Monitor and analyse the companys daily cash position to cover cash commitments and coordinate/optimize the short-term and long-term borrowing
• Manage cash flow income liability obligations and assets
• Pool cash from all secondary bank accounts when necessary
• Adhere to month-end cut-off schedules for reconciliations of all cash-related accounts all month-end processes and all related journal entries
• Prepare daily weekly and monthly reports on the cash position
• Assist with the companys hedging program
• Assist with risk management by identifying/recommending strategies to minimize foreign currency interest rate
• Assist with short- and long-term intercompany settlements and transactions
• Monitor and analyse bank fees and interest charges
• Maintain positive relationships with the banks
• Assist other departments (e.g. audit accounting) with month-end and ad-hoc information requests as needed
• Work with companys business units to prepare weekly/monthly/annual cash forecasts and other cash and borrowing projection models and establish metrics/key performance indicators
• Recommend and implement solutions to strengthen operational controls and incorporate best practices.

Trade Finance

• Preparation of banking documentation for letter of credit (LC) and collection bills Amendments TRs
• Checking of documents negotiated under LC.
• Process documentation required to be presented to banks for negotiation
• Follow up on all discrepancies acceptance payment and any disputes
• Ensuring Bills under Usance LC paid on due date by applying TR or requesting the same to be included in daily cash planning.
• Checking of Bank Charges pertaining to LCs / TR Interest Rates.
• Vetting texts for bank guarantees (both internally and with the relevant banks) and concluding on the acceptable text with the suppliers/customers.
• Processing the bank guarantee requests collection of guarantees from the banks and delivery of guarantees to the beneficiaries
• Maintaining a track record of all open trade finance items
• Ensuring the collection and cancellation of all bank guarantees after expiry (whenever the guarantees cease to be required)

Annual Budget

• Assist Senior FM in Preparation of Cash Budget.

Banking Facilities

• Review banking facilities documentation (renewals) for the Company and ensure in line with the Companys requirements.
• Manages the requirements of the banks for compliance with financial conditions / covenants.

Qualifications :

• Bachelors degree in Finance Banking or any relevant field from a recognised University or Institution

Additional Information :

Skills & Professional Requirements:

• Good MS Office skills particularly strong capabilities in MS Excel.
• Working experience Knowledge on Oracle ERP
• Able to work independently and highly meticulous.

Experience Requirements:

• Minimum 3 years similar experience in a financial institution or a private entity

Attributes and Behaviours:

• Excellent strategic planning skills and able to interact with all levels
• Accuracy and attention to detail
• Aptitude for numbers and quantitative skills

Remote Work :

No

Employment Type :

Full-time