Trade Finance Professional job at Exim Bank

Organization:

Exim Bank

About the Organization:

Exim Bank, short for Export-Import Bank, is a financial institution that primarily focuses on financing and facilitating international trade. These banks are typically established and operated by governments to promote the export and import activities of their countries. Exim Banks provide various financial services such as export credits, export guarantees, trade finance facilities, and insurance to support exporters and importers in overcoming the challenges associated with international trade transactions. They play a crucial role in fostering economic growth by reducing risks and providing financial assistance to businesses engaged in global commerce.

Job Description

Manage documentary collections by ensuring timely receipt and release of shipping documents against payment or acceptance terms.

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Duties and Responsibilities

Transaction Processing:

Letter of Credit (LC) Processing: Facilitate the issuance, advising, and negotiation of letters of credit (LCs) to ensure compliance with international trade regulations and terms agreed between buyers and sellers.
Documentary Collections: Manage documentary collections by ensuring timely receipt and release of shipping documents against payment or acceptance terms.
Trade Finance Documentation: Prepare and review trade finance documentation, including LC applications, shipping documents, bills of exchange, and certificates of origin.

Risk Management:

Risk Assessment: Assess and mitigate risks associated with trade transactions, including credit risk, country risk, and foreign exchange risk.
Compliance: Ensure compliance with regulatory requirements and internal policies related to trade finance transactions.
Fraud Prevention: Identify and prevent potential trade-related frauds and discrepancies in documentation.
Client Advisory: Provide advice and guidance to clients on trade finance products, services, and solutions that best meet their business needs.
Negotiation: Negotiate terms and conditions with clients, banks, and other stakeholders involved in trade finance transactions.
Conflict Resolution: Resolve disputes and issues related to trade finance transactions in a timely and effective manner.

Financial Analysis and Reporting:

Financial Analysis: Analyze financial statements, credit reports, and other financial data to assess the creditworthiness of trade finance applicants and counterparties.
Reporting: Prepare reports on trade finance activities, performance metrics, and portfolio quality for management and regulatory purposes.

Market Research and Business Development:

Market Analysis: Conduct market research to identify trends, opportunities, and challenges in international trade finance.
Client Acquisition: Identify and acquire new clients, particularly importers, exporters, and trading companies, to expand the trade finance portfolio.
Relationship Building: Build and maintain strong relationships with clients, correspondent banks, and other stakeholders in the trade finance ecosystem.

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Qualifications and Experience

Education:

Educational Background: Bachelor’s degree in finance, economics, international business, or a related field. A master’s degree (e.g., MBA)or professional certifications (e.g., Certified Documentary Credit Specialist) may be preferred.

Experience:

Professional Experience: Several years of experience in trade finance operations, preferably within a financial institution, bank, or trade finance department of a multinational corporation.
International Trade Knowledge: Deep understanding of international trade practices, regulations (e.g., UCP 600), and trade finance instruments (e.g., LCs, guarantees, collections).

Skills and Competencies:

Financial Acumen: Strong understanding of financial analysis, credit assessment, and risk management principles.
Attention to Detail: Exceptional attention to detail in reviewing and processing trade finance documentation.
Communication Skills: Excellent verbal and written communication skills to interact effectively with clients, stakeholders, and internal teams.
Analytical Skills: Ability to analyze complex financial information and make informed decisions.
Problem-solving Skills: Capacity to identify issues, propose solutions, and resolve problems in trade finance transactions.

Personal Attributes:

Integrity: High ethical standards and integrity in managing confidential information and conducting trade finance transactions.
Customer Orientation: Commitment to delivering excellent customer service and building long-term client relationships.
Team Player: Collaborative approach to working with cross-functional teams and stakeholders to achieve common goals.
Adaptability: Ability to adapt to changing market conditions, regulatory requirements, and business priorities in international trade.