Unit Lead- Trade Finance
Unit Lead- Trade Finance393
Applications
393
Applications
Mumbai
Full-Time
Executive: 15 to 20 years
Posted on Sep 09 2024
About the Job
Skills
Trade Finance
Letters Of Credit
Bank Guarantees
Credit Risk Management
Payments
Stakeholder Management
- Support and guide O2C business segments in all matters relating to banking eg. Bank guarantees, Letters of Credit, Credit Risk and Payments.
- Financing of trade receivables and payables through various instruments eg. LC Bill Discounting, Forfaiting, Factoring, Buyers Credit, Suppliers Credit and other Structured Trade Finance.
- Engage with Business and Business Operations team to track cash flows, loading schedule and invoices available for discounting
- Prepare Daily / Weekly / monthly / quarterly cash flow forecasting and perform sector-wise variance analysis
- Liaise with banks for compliance checks and negotiate competitive pricing for financing of receivables
- Execute financing transactions, timely system entries and maintain masters in SAP for correct accounting
- Liaison with Banks to enable forfaiting transactions with new counterparty sales on open account terms
- Follow up meeting & periodic review of Operational activities with banks / Business Operations team
- Resolution of payment related queries from Business and associated compliances
- Plan transactions to minimize Credit Risk, optimize Working Capital and reduce financing cost.
- Develop and maintain strong banking and other counterparty relationships.
- Resolve operational issues arising out of LC advising and confirmation, LC amendment, Bank Guarantees and its invocation, trade financing, customer payments etc.
- Ensure RBI and other regulatory compliances
- Work on automation of workflows in SAP, implement new areas of automation in the area of trade finance
- Adopt emerging ways of working in trade finance eg blockchain, platforms etc.
About the company
Our motto “Growth is Life” aptly captures the ever-evolving spirit of Reliance. Our activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail, and telecommunications. In each of these areas, we are committed to innovation-led, exponential growth. Our vision has pushed us to achieve global leadership in many of our businesses – including our po ...Show More
Our motto “Growth is Life” aptly captures the ever-evolving spirit of Reliance. Our activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail, and telecommunications. In each of these areas, we are committed to innovation-led, exponential growth. Our vision has pushed us to achieve global leadership in many of our businesses – including our position as the largest polyester yarn and fiber producer in the world. Reliance Industries Limited is a Fortune 500 company and the largest private sector corporation in India.
As Reliance sets sights on even more ambitious goals, we remain inspired and guided by the story and philosophy of our founder chairman Dhirubhai Ambani. Hailing from modest means, he followed his dream to create India's largest company. Reliance as an organization has adopted this ethos of converting adversity into opportunity and making the impossible possible by challenging conventional wisdom.
Our ultimate aim has always been – and will always be – to touch the lives of people in a positive way ...Show Less
Industry
Oil and Gas
Company Size
10001+ Employees
Headquarter
Navi Mumbai, Maharashtra
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