Manager Trade
Phoenix Group
Total years of experience :15 years, 8 Months
Steering Trade Finance Operations of trade finance for the group encompassing DA, DP, Factoring (Bill Discounting) for a group having turnover of nearly $ 2 Billion
Key Result Areas:
• Managing Trade Finance and Treasury Operations for 5 companies (SMEG Distribution DMCC, Sabah Industries, AL Baraka Plastic, Virgin Plastic, & Desert Style)
Trade Finance
• Directing & controlling activities of Trade Team with objective of maximizing profit contribution by increasing wallet share from existing customers in Trade Services as well as achieving revenue and volume targets assigned to the team
• Administering the AR & AP, and Cash Flow
• Monitoring and managing key control processes including transaction checklists through regular intervention
• Coordinating with customers to verify export L/C’s, required amendments, applying for timely issuance of Import L/Cs - Back-to-Back L/Cs, Stand-by L/Cs, LC transfers, & conducting follow-up process until LC is established / Swift Copy received from bank
• Drafting & verifying L/C documents, documents on collection basis, open-credit documents, online certificate of origin applications
• Generating bill of lading/road transport document instructions, performing verification of transport documents, submission of documents to bank for negotiation
• Conducting follow-up with concerned stakeholders relating to import/export documents submitted for negotiation with banks payments, discounting of L/C & payments, and sending instructions to bank for payments
Treasury Operations
• Managing daily & operational relationships with external (banks) & internal (Parent Company, Accounts Department & Supply Chain Department) parties on all subject related to cash management (incoming/outgoing transfers, follow-up and control of bank conditions, monitoring and management of litigation, currency hedging)
• Administering Cash Pooling and Current Account with Parent Company
• Reviewing long-term & short-term cash forecasts and ensuring that the business units are optimally funded
• Ensuring financial communication with bankers and addressing their queries & requirements
• Administering intercompany financing across various business units of the group and reviewing accrual of intercompany interest costs on a monthly basis
• Analyzing audited financial statements of various group companies and communicating the same with banker
Highlights:
• Negotiated Letter of Credit (L/C), Bank Notes, Documentary Credits and Credit Lines in excess of US$ 120 Million
• Implemented departmental Trade Finance procedures and manuals that led to benefits such as reducing time consuming on the process and make it faster
• Supervised all aspects of the Letters of Credit (L/Cs) and Guarantees Business with a team of 3 personnel
Contributed as ‘Export Documentation Executive’ with “Universal Minerals & Energy DMCC” having group turnover of around $180 Million contributed in Trading (Electronics, Coal & Agro Products)
Key Result Areas:
• Administered L/C documents; prepared importing country certification, customs/ insurance declaration Certificate of Origin; sent scanned copies of documents to customer’s post receipt of BL
• Updated tracking no. of courier to customer with regards to original shipping documents; tracked & updated status of consignment to customer with reason
• Submitted documents & followed up with banks for obtaining payment from overseas customers; generated Bank Realization Certificate
• Augmented ROI by effectively managing investment portfolios based on updated knowledge of share market and mutual funds as well as other changing market dynamics
• Maintained updated documentation related to import clearance from custom; followed up with Freight Forwarders & CHA for Custom Clearance for ensuring compliance to export obligation and license audits
• Prepared & presented various status reports to senior management & other stakeholders to enable effective decision-making
Contributed in end-to-end management of accounts for an organization having group turnover of around INR 450 Crores encompassing Real Estate and Investments in Commodities
Key Result Areas:
• Focused on preparation of brokerage of franchisee, maintenance of accounts of various franchisee and clients on Commex by Shilpi Software
• Managed accounting activities including inventory of CKK Impex India Pvt. Ltd. an associate company of Passion Commodities Pvt. Ltd.
India as Accountant
(CFM),
,
courses: Pursing Certified Documentary Credit Specialist Chartered Finance Manager (CFM)
Location :
Location: