Trade Finance Specialist (with Letter Of Credit Experience)
Dubai, United Arab Emirates
Job Description
Description He / She will be responsible for overseeing the company?s financial operations with a strong focus on managing the Letter of Credit process. The ideal candidate will have a strong understanding of letter of credit process, a high level of attention to detail, and problem-solving skills. Work as a part of a team in a globally operating company with an office in Dubai and suppliers located in CIS countries. LC Checking function (35% of working hours):
- Prepare pro-forma invoices for LC issuance
- Prepare Export LC draft as per contract or verify Export LC draft provide for conformity with contract
- Check Export LC received are as per the LC draft and provide amendment list if not in order
- Timely monitor and follow up with counterparties on LC and amendment status
- Check B/L draft and draft certificates comply with LC before final issuance
- Identify discrepancies and work with team members to resolve discrepancies
- Prepare and submit documents for bank application
- Liaise with clients, banks, and other stakeholders to resolve any issues that may arise during the processing letter of credit (LC)
- Input data in the CRM system, including freight and financing costs (LC costs)
- Prepare drafts of documents on demand, i.e. for KYC procedures of external stakeholders
- Manage the day-to-day financial operations, including accounts payable, accounts receivable, and general ledger
- Handle the process of proforma and commercial invoice issuance
- Update banks about status of transactions / address compliance queries
- Manage the budgeting process and provide regular updates on budget performance
- Monitor cash flow and ensure that adequate funds are available to meet the company?s financial obligations
- Ensure monthly closing accuracy, reporting requirements and deadlines are met
- Preparation/reconciliation of monthly products P&L for business
- Preparation of the consolidated financial statements
- Work with external auditors, resolving any accounting or tax related issues
- Ensure the timely and accurate processing of administrative tasks such as travel arrangements, expense reports, and other administrative tasks as needed
- Bachelor?s degree in finance, accounting, or a related field
- at least 3-5 years of experience in trade commodity finance within a bank or a commodity trading company
- strong understanding of general LC practice rules (i.e., UCP600, ISP98, ISBP and URR725)
- Strong attention to detail and ability to work accurately in a fast-paced environment
- CDCS certification is a strong advantage
- Russian speaker is a strong advantage
- ACCA / CPA qualification is an advantage
- SAP proficiency is an advantage
- Computer proficiency in Excel, Word
- Good communication and interpersonal skills, with the ability to negotiate and manage relationships with the banks
- Ability to work independently, prioritize tasks, and manage multiple projects simultaneously
- Dubai: Reliably commute or planning to relocate before starting work (Required)
- Do you speak Russian?
- Do you have ACCA or CPA accounting certification?
- How many years of experience with Letters of Credit do you have?
- Do you have a CDCS certification?
Beware of fraud agents! do not pay money to get a job
MNCJobsGulf.com will not be responsible for any payment made to a third-party. All Terms of Use are applicable.
Related Jobs
Job Detail
-
Job IdJD1542095
-
IndustryNot mentioned
-
Total Positions1
-
Job Type:Full Time
-
Salary:Not mentioned
-
Employment StatusPermanent
-
Job LocationDubai, United Arab Emirates
-
EducationNot mentioned