Treasury & Trade Finance Officer

Job Purpose:

• 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, 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 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 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

Looking to get Placed? Try our Placement Guarantee Plan

Get Hired
• 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 Company s requirements.
• Manages the requirements of the banks for compliance with financial conditions / covenants.