Assistant Manager Trade Finance

K-Electric


Date: 1 day ago
City: Karachi
Contract type: Full time
Our employees are our company's greatest asset - they are our real competitive advantage. We possesse immense power of innovation, immagination and a desire to attract and retain the best; provide them with encouragement, stimulus, and make them feel that they are an integral part of the company's mission.

Purpose

To perform all trade financing related tasks.

Education

ACCA Affiliate/ BBA Finance with 1-2 Years of relevant experience.

Experience

  • Understanding of financial analysis concepts and techniques enabling high level critical thinking to identify links and discern critical issues.
  • Ability to analyze and challenge the financial information.
  • Understanding of the cash management, trade finance and treasury management skills.
  • Knowledge of advanced Ms Excel techniques and skills to organize and analyze data.
  • In addition accounting and SAP knowledge for proper record keeping is required.
  • Effective communication and influencing skills required for liaison with banks.

Area Of Responsibilities

  • Scrutiny of documents received for Airway Bill/ Bill of Lading endorsement on timely basis, preparation of request and submission of request to bank.
  • Responsible to arrange and review DP against requested documents.
  • Responsible for execution of AWB/BL endorsement request to ensure that endorsed document is received timely against cash margin(if required). 4. Ensuring the margin is held in saving accounts.
  • Responsible for review of document intimation request received from bank.
  • Timely prepare documents and submit to bank for processing.
  • Responsible for timely settlement of requested document after negotiated the best possible foreign rates with treasury.
  • Ensure that cash margin is released if already held against requested documents at the time of endorsements.
  • Responsible for timely review of relevant LC/ Amendment request.
  • Responsible for timely preparation of requested documents and submission to banks.
  • Responsible for request execution, sharing vendor comments and bank queries and obtain SWIFT from bank to share with respective department. 12. Ensure simultaneous issuance of FI against LC
  • Maintaining proper MIS of all data for effective record keeping assuring compliance with data retention policy and analysis of TAT.
  • Maintaining strong banking relationship with trade team of banks for timely execution of transaction.
  • Timely posting of entries in SAP along with proper data maintenance. 16. Improve the process by aligning relevant departments so that transactions are processed smoothly.

KE provides equal employment opportunity (EEO) to all persons regardless of age, color, origin, physical or mental disability, race, religion, creed, gender, marital status, status with regard to public assistance or any other characteristic protected by federal, state or local laws.

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