- Responsible for all duties relating to efficient and smooth execution of trading transactions
- To manage day to day operations and to be able to delegate the work to team members
- Reviewing contracts and deal recap to ensure that payment terms from clients and suppliers are within the framework of available facilities and credit policies of the company .
- Compiling and Preparing all relevant documents for the opening, negotiation and confirmation of Letters of Credit
- Coordinating and liaising with the traders and finance department on regular basis for all matters relating to Trade Finance - like releasing L/C payment, amendments to L/C' etc and to ensure smooth execution of deals and no delays under any circumstances
- Ensuring timely issuance of L/C's to counterparties and also follow-up with clients for timely receipt of L/C's, Payment undertakings etc.
- Coordinating with operations and shipping department to monitor vessel movements and make sure that all shipping documents like B/L's, Quality and Quantity Certificate are received in a timely manner and demurrage occurs
- Working with Collateral management agents for timely issue of warehouse receipts.
- Bachelor's/Master's Degree or equivalent experience preferred
- At least 3-5 years relevant experience in Trading Company (ideally Steel and related raw material Trading)
- Excellent knowledge of LETTER OF CREDIT (relevant UCP regulations),
- LETTER OF CREDIT DOCUMENTION
- Have excellent spoken and written English
- Take full responsibility for all tasks and its completion, show initiatives, will be driven to have all work done, on time, with no delays
- A very confident communicator, who will be pushy and demanding when require
- Be a good team player who is also able to work independently and be able to keep the team motivated all the time
- Be a problem solver with an ability to think quickly in order to make required improvements
- Possess a keen analytical mind with willingness to learn and develop further
- Have good working knowledge of MS office etc.,
- Be based in UAE and be ready to start a new position ASAP.
Somani Group - Dubai, India - iimjobs
Description
Hi All,We are Hiring for Export Import -Corrdination for Our Dubai Location .
About Company:
The Somani Group belongs to the famous Somani Family of India. It was established in 1696 A.D. as a banking business. Subsequently trading and manufacturing activities were added.
The Somani Group is privately held and is presently focused on growth in the core sectors such as Steel, Raw Material & Consumables, Engineering.
The Group offers the highest quality in delivery of products and services to our clients and customers through long time joint ventures with world renowned companies.
The Group's worldwide reach has enabled it to consistently meet high expectations of its clients in industries like Steel, Power, Ferro-Alloys, Cement, Raw Material efficiently and provide cutting edge engineering and technology services to its distinguished customers.
It specializes in structured long-term contracts including securitization of Exports, `Pay & Pick' deliveries and JIT (Just in Time) solution for bulk Raw materials like Coking Coal, Coke and Manganese Ore etc.
These multiple activities present us with several cross-selling opportunities to various industries especially steel industry.The Group has also diverse interests in investing in growth capital of startup.
The commitment to ethical values since decades of The Somani Family is evident by the work culture and the group's involvement in a wide range of philanthropic activities as its corporate social responsibility
Role & Responsibility:
Job Location - Dubai
Key responsibilities:
Required experience and knowledge:
The ideal candidate will: