Trade Specialist - Banking & Finance

Company Name: Rawalwasia Textile Industries Pvt. ltd.

Industry: Coal

Job Title: Trade Finance Specialist

Hours: Full-time

Location: Surat, Gujarat

Job Purpose

The Trade Finance Specialist manages and executes trade finance operations, including contracts for front-to-back Letters of Credit (LC) and back-to-back LCs. The role demands a comprehensive understanding of all aspects of LC transactions and expertise in structuring, processing, and monitoring trade finance instruments to ensure smooth and efficient international trade operations.

Job Duties

• Manage and oversee all aspects of trade finance operations, specifically focusing on contracts for front-to-back LCs and back-to-back LCs.
• Structure, issue, and monitor Letters of Credit, ensuring compliance with national or international regulations and internal policies.
• Provide expertise in trade finance instruments, including documentary collections, guarantees and trade loans.
• Collaborate with internal and external stakeholders, including banks, financial institutions, and trade partners to facilitate seamless transactions.
• Review and analyse contract terms to ensure they align with the company’s trade finance strategy and risk management guidelines.
• Ensure the accurate and timely processing of LC transactions and related documentation.
• Stay updated on international trade finance regulations and industry best practices.
• Troubleshoot and resolve any issues related to trade finance operations.
• Provide guidance and support to junior team members on trade finance processes and procedures.
• Prepare and present reports on trade finance activities and performance to senior management.

Required Qualifications

Knowledge

• Extensive knowledge of Letters of Credit, including front-to-back and back-to-back LCs.
• Understanding of international trade finance regulations, standards, and practices.
• Familiarity with risk management practices in trade finance.

Skills

• Excellent analytical and problem-solving skills.
• Strong organisational and time management abilities.
• Proficiency in managing complex trade finance transactions.
• Effective communication and interpersonal skills to liaise with various stakeholders.

Attributes

• Ability to work under pressure and meet tight deadlines.
• Strong ethical standards and commitment to compliance.
• Detail-Oriented
• Problem-Solver
• Proactive and team player
• Adaptable
• Client-Focused

Education

• Bachelor’s Degree in a relevant field such as:
• Finance
• Accounting
• Master’s Degree (preferred but not mandatory):
• MBA with a focus on Finance or International Business

Certifications

• Professional Certifications (optional but highly valuable):
• Certified Documentary Credit Specialist (CDCS)
• Certified Trade Finance Professional (CTFP)
• Diploma in International Trade Finance (CITF)
• Other relevant certifications in trade finance or international banking

Experience

• 10 to 12 years of trade finance experience, focusing on managing Letters of Credit and related transactions.
• Proficiency in trade finance software and tools.
• Familiarity with SWIFT messaging and international payment systems.

Job Location

• The candidate should be based or willing to relocate.
• Some travel may be required to meet with stakeholders or attend industry events.

Perks and Benefits

• Competitive Salary.
• We offer a comprehensive benefits package including bonus, leave encashment, etc.
• There are opportunities for career advancement within the organisation.
• Ongoing training and development programs.

Number of Vacancies: 1