Job type: Full-time

Position: Trade Finance Section Head 

Department: Finance

Company: Elsewedy Electric

Job Purpose: 

The Trade Finance section head is responsible for overseeing and managing the organization’s trade finance operations.  This role involves facilitating international trade transactions, mitigating risks associated with cross-border trade, and  ensuring compliance with regulatory requirements. He will work closely with internal stakeholders, clients, and financial  institutions to develop trade finance solutions that support business objectives, optimize cash flow, and enhance the  company’s competitive position in the global market. Key responsibilities include structuring financing solutions,  managing letters of credit, and providing guidance on trade regulations and practices. The Trade Finance section head  will also analyze market trends, monitor trade finance performance, and contribute to strategic decision-making to drive  growth and profitability.

Key Accountabilities 

  • Trade Finance Operations Management: Oversee and streamline all trade finance operations,  including letters of credit, documentary collections, and bank guarantees.
  • Risk Assessment: Identify and mitigate risks associated with international trade transactions, ensuring  compliance with legal and regulatory requirements.
  • Client Relationship Management: Build and maintain strong relationships with clients, banks, and  financial institutions to facilitate smooth trade transactions.
  • Financial Structuring: Develop and implement trade finance solutions tailored to the needs of clients,  optimizing cash flow and working capital.
  • Market Analysis: Monitor global trade trends and market conditions to inform strategic decision making and enhance service offerings.
  • Regulatory Compliance: Ensure all trade finance activities comply with international trade regulations  and internal policies.
  • Cross-Functional Collaboration: Collaborate with internal departments, such as sales, logistics, and  legal, to support trade transactions and resolve any issues.
  • Performance Monitoring: Track and analyze the performance of trade finance activities, providing  regular reports and recommendations for improvement.
  • Training and Development: Mentor and train team members on trade finance processes, best practices,  and compliance requirements.
  • Strategic Planning: Contribute to the development of the organization’s trade finance strategy,  identifying opportunities for growth and innovation.

Desired Outcomes 

  • Efficient Transaction Processing: Achieve timely and accurate processing of trade finance  transactions, minimizing delays and errors.
  • Risk Reduction: Successfully identify and mitigate risks associated with international trade, leading to a  decrease in transaction-related losses.
  • Enhanced Client Satisfaction: Foster strong relationships with clients, resulting in high levels of  satisfaction and repeat business.
  • Optimized Cash Flow: Implement trade finance solutions that significantly improve working capital  and cash flow for the organization and its clients.
  • Regulatory Compliance: Maintain a 100% compliance rate with all relevant trade regulations and  internal policies.
  • Informed Decision-Making: Provide actionable insights from market analysis that guide strategic  decisions and enhance competitive positioning.
  • Team Development: Cultivate a skilled and knowledgeable trade finance team, evidenced by improved  performance and reduced turnover.
  • Performance Improvement: Establish key performance indicators (KPIs) for trade finance activities,  with a goal of continuous improvement in operational efficiency.
  • Innovation in Solutions: Introduce new trade finance products or services that meet evolving client  needs and drive revenue growth.
  • Strategic Contribution: Play a key role in the organization’s strategic planning, leading to enhanced  business opportunities and market expansion.

Personal Skills 

  • Analytical Skills: Ability to assess complex financial data and trade regulations to make informed  decisions.
  • Communication Skills: Strong verbal and written communication skills for effectively conveying  information to clients, stakeholders, and team members.
  • Negotiation Skills: Proficiency in negotiating terms and conditions with clients and financial  institutions to secure favorable agreements.
  • Problem-Solving Skills: Capability to identify issues and develop innovative solutions to overcome  challenges in trade finance transactions.
  • Attention to Detail: Meticulousness in reviewing documents and processes to ensure accuracy and  compliance.
  • Interpersonal Skills: Strong relationship-building skills to foster collaboration with clients and  colleagues across various departments.
  • Adaptability: Flexibility to navigate changing market conditions and evolving regulatory landscapes. • Organizational Skills: Ability to manage multiple projects and priorities effectively while meeting  deadlines.
  • Cultural Awareness: Understanding of diverse cultural practices and norms to facilitate international  trade relations.
  • Leadership Skills: Capability to lead and inspire a team, providing guidance and support for their  professional development.

Qualification & Education: 

  • Bachelor’s degree Finance/ business administration/ecommerce/Accounting in or a relevant discipline. • From 7 to 10 years of experience in a business field
  • CTFP, CITP or CITF
  • Experience in trade finance, banking, or international business, with a proven track record of managing trade  transactions.
  • Good in Microsoft Office suite.
  • Highly skilled and proficient in Excel and PowerPoint, with extensive experience in creating impactful monthly  presentations.
  • Business fluency in English.

Apply Through: [email protected]

Deadline : 29th October 2024.

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