Trade Finance Executive
Daud Machinery Trading DWC- LLC – Direct Trading Partners of Caterpillar Inc
Total years of experience :12 years, 3 Months
Key Result Areas:
* Taking sole ownership of managing Trade Finance operations
* Supervising and guiding team in Singapore
* Looking after shipments with Singapore and Dubai Banks
* Administering Trade Finance operations including all the documents for more than 350 Letters of Credit (L/C) in the past 1 year
* Preparing all the required documents (Packing List, Invoice, Shipment Advice, Beneficiary certificate etc) under Letters of
Credit (L/Cs) and ensuring that the documents reach the Issuing bank well within turnaround time
* Proper checking of all the draft documents provided by the shipping line
* Executing the tasks involved for negotiation/ payment of Letter of Credit (L/C), Bill of Lading, Issuance of Certificate of Origin
* Exhibiting knowledge of managing shipments done through both Sea and Air
* Interacting with banks to manage and issue Letter of Credit, Amendment, extensions, Cancellations, discrepancies to mitigate
financial and operational risk
* Managing LC limit utilization from banks to minimize costs
* Regularly review and negotiation for improved terms & conditions for LCs issued by the banks
* Preparing periodical reports of issued and outstanding LCs to improve cash flows
* Following up with: Banks/ Clients / cross-functional departments for receipt of payments
* Receiving and releasing negotiated documents from/to correspondent banks
* Making all the Invoice entries in SAGE financial system
Key Result Areas:
* Acted as a Team Leader; managed E2E import-export procedure & documentation
* Monitored 6 specialists engaged in promoting profitable origination, structuring & distribution
* Undertook negotiation / payment of Letters of Credit (L/Cs), Sight & Usance Export, Import Bills, Bank Guarantees, Export
Finance, Buyer's Credit
* Prepared MIS reports & other statements with a view to apprise management of process operations and assist in critical
decision-making process
* Ensured compliance with import transactions diligence in coordination with global exporters / advisors across the globe
* Monitored finalization & execution of long-term back-to-back agreements; managed day-to-day banking operations and
secured & increased credit limits from various banks
* Managed: Treasury function with responsibilities including long & short-term funding and reinvestment of the company’s fund
for maximization of the profit
* Assessed company's performance with rating agency for the company’s rating; apprised agency with inputs on a regular basis
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