Treasury & Trade Finance Officer

Responsibilities:

• To assist the finance department in managing the company’s 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 company’s 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 company’s hedging program.
• Assist with risk management by identifying/recommending strategies to minimize foreign currency and interest rate risks.
• 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 the company’s 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 letters of credit (LC) and collection bills, amendments, and 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 are 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 company’s requirements.
• Manage the requirements of the banks for compliance with financial conditions/covenants.

Desired Candidate Profile:

Qualifications:

• Bachelor’s degree in Finance, Banking, or any relevant field from a recognised University or Institution.

Company Industry:

• Banking
• Broking

Department / Functional Area:

• Finance
• Treasury

Keywords:

• Treasury & Trade Finance Officer