Trade Finance Senior Executive

Overview

We are looking for an experienced trade finance candidate for the manufacturing industry. Candidate should be well versed with trade finance products.

Responsibilities

• Monitoring and ensuring the bank liabilities are addressed on the respective due dates.
• Providing inputs to department heads / management for the clearance of the liabilities and alerting in case of shortfall to address the same.
• Liaising with Sales co-ordinating team to receive the expected cash inflow by means of advances and through planned deliveries.
• Sharing the liability and the receivable reports / inputs to department heads to discuss the cash flow management.
• Informing Sales team on the export LC requirement with each banks and allocating the export LCs to respective banks to meet the credit conditions and to open import transactions.
• Reviewing the LC draft / application based on the Sales order and informing Sales team on the amendments required.
• Liaising with Sales team and ensuring the shipments are planned within the latest shipment date mentioned in the LC and informing them to extend if the LDS is expired.
• Assisting department heads in the working capital facility renewal with banks and sharing the necessary documents / reports to banks as required.
• Ensuring the export LC document proceeds from bank and the CAD document proceeds from customer are received on time by liaising with bank and sales team.
• Liaising with procurement team for the import requirements and arranging transactions in respective banks based on the available limits.
• Monitoring the open account payments to the suppliers and arranging cash / LC / TR payments based on our cash and the limit positions with the bank.
• Addressing the bank queries related to our accounts / working capital facilities and arranging the necessary documents to the banks as required.
• Assigning the export LC / receivables to the banks as per the credit conditions and ensuring the limit positions are in line with the bank records.
• Sharing the bank transactions / advice copies to the concerned team members and informing them to pass necessary entries in SAP / daily report files.
• Monitoring the day-to-day activities of the team members and ensuring the process are being followed and addressing the queries / escalations (if any).
• Addressing the trade finance queries from both internal and external stakeholders.
• Ensuring the SAP entries and the daily report entries are properly updated / matched by the team members.

Qualifications

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