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Trade Finance Officer
Performance driven and highly accurate accounting professional with an extensive knowledge and experience in the field of finance, treasury and banking, capable of managing daily banking activities, monitoring results and risks, maintaining bank accounts and reconciling financial reports and statements.
- Strong Interpersonal Skills
- High level of Accuracy and Efficiency
- Fluent in verbal and written communication
- Proficient in Microsoft Oﬃce Applications
- Team player, responsible, reliable person and able to work under minimum supervision
- With advanced knowledge in SAP system, LMS, Lotus Notes and Outlook and basic knowledge in Movex and Oracle
TRADE FINANCE OFFICER
- Develop strong relationship from pool of banks to support treasury and trade finance related functions
- Identify opportunities to reduce possible exposures by automating the reporting process, identifying gaps and process improvements.
- Successful and timely processing and control of all transactions within timeframes set.
- Preparation of Import Letter of Credit application and amendments as per UCP 600 Guidelines
- Coordinate with Logistics and Purchasing Department regarding details of orders and shipments.
- Liaise with the banks for the release of collection and LC documents from receiving of advices up to releasing of documents from banks.
- Check and verify the completeness of shipment documents released from banks.
- Monitor maturing loan payables and trust receipts
- Prepare settlement instructions and arrange funds to finance loan payments.
- Update daily cash flow and prepare fund transfers
- Update and monitor financing sheets to ensure that utilization will not exceed banking facility limits
- Update and Monitor Import Loans/Trust Receipts
- Import Loan Reconciliation
- Letter of Credit Report update and reconciliation
- Ensure that documents are collected on time from the bank to avoid port charges and demurrages
- Validate the accuracy of demurrage and port charges
- Coordinate with banks regarding supplier payments
- Prepare ad hoc reports and assist in the review and development of internal finance related policies
- Monitoring & Updating of Capital Expenditures
- Prepare Key Perfomance Indicator Report
- Prepare funding schedule and cash flow
- Analyze transactions and assign entries to proper accounts
- Analyze current procedures and provide strategic recommendations to improve the process
- Maintain good KPI results
- Coordinate with the bank regarding fund transfers and currency conversions
- Report the team’s accomplishments and issues during staff meetings and performance reviews
- Remit various government contributions and taxes (VAT,Withholding taxes & other government contributions)
- Payment processing (SAP automatic payment)
- Resolve payment discrepancies
- Manual issuance of checks for urgent disbursements
- Issue petty cash for urgent purchases
- Validate and process employee liquidations and reimbursements
- Monthly petty cash replenishment
- Payroll upload
- Internet banking
- Bank reconciliation
- Support internal & external audit works
April 2008 – December 2011
- Prepare & update funding schedule
- Review statements, verify paid and unpaid invoices and discuss issues with the vendor
- Sort and age foreign and local invoices
- Payment processing (SAP automatic payment)
- Send details of monthly remittance to suppliers
- Manual issuance of checks for urgent disbursement
- Issue petty cash for urgent purchases
- Process employee liquidations and reimbursements
- Monthly petty cash replenishment
- Accept payments and prepare deposits on behalf of the company
- Post journal vouchers for necessary entries\Update and monitor schedule of employees’ loans & advance
- Acts as the department representative/secretary
- Assistant to the Finance & Controlling Senior Manager
June 2007 – March 2008
- Bank reconciliation
- Government Reporting – VAT, Withholding Taxes & other government remittances
- Electronic filing of taxes withheld
- Issue certificate of creditable tax withheld to suppliers
- Annualization of government remittances for submission to the Bureau of Internal Revenue
- Secure business permits and licenses
- Booking of suppliers’ invoices
- Prepare accrual of expenses
- Make appropriate adjustments to prepaid expenses and unpaid liabilities
- Post journal vouchers
- Evaluate business performance and segment productivity
- Support audit works, both internal & external
- Establish and maintain internal procedures and controls
Commerce – Major in Accounting
BNPP Annual Trade Finance Training
Vat in the UAE: Are You Ready for It
I.T. Essentials & Advanced MS Excel
Year-End Tax Planning Strategies and How to Handle Tax Audit
Tax Amnesty and Tax Update and Real Estate Taxation
Accounting for Non-Accountants
Career Expert Tips:
Exploring the Role of a Trade Finance Officer
As the financial landscape continues to evolve, the role of a Trade Finance Officer becomes increasingly crucial in global organizations. This position requires a unique blend of financial acumen, strategic thinking, and attention to detail. In this comprehensive guide, we’ll delve into the multifaceted role of a Trade Finance Officer, exploring the responsibilities, required skills, and key tips for crafting an effective resume.
What Does the Role Entail?
A Trade Finance Officer plays a pivotal role in facilitating international trade transactions. They are responsible for managing financial activities related to imports and exports, ensuring compliance with regulations, and mitigating financial risks. Let’s delve deeper into the core responsibilities that define this role:
- Managing letters of credit, ensuring accurate documentation and compliance with international trade regulations.
- Negotiating trade finance terms with banks and financial institutions to optimize cost and mitigate risks.
- Collaborating with cross-functional teams, including sales, legal, and logistics, to ensure smooth and efficient trade transactions.
- Conducting risk assessments and implementing strategies to minimize financial exposure in international trade deals.
- Staying updated on international trade finance regulations and market trends to provide informed financial advice to the organization.
- Developing and maintaining relationships with financial partners, including banks and insurance providers.
Each responsibility presents a unique challenge, requiring a Trade Finance Officer to navigate the complex terrain of international finance with precision and expertise.
Key Requirements for a Trade Finance Officer
Stepping into the role of a Trade Finance Officer demands a specific set of skills and qualifications. Here are the key requirements that aspiring candidates should fulfill to excel in this position:
- Bachelor’s or Master’s degree in Finance, Business Administration, or a related field.
- Expertise in trade finance instruments, including letters of credit, bank guarantees, and documentary collections.
- Strong analytical and problem-solving skills to assess and mitigate financial risks.
- Effective communication skills to liaise with internal teams and external financial partners.
- Attention to detail and a meticulous approach to documentation and compliance.
- Experience in trade finance operations, demonstrating a track record of successful transactions and risk management.
- Familiarity with international trade regulations and compliance standards.
Securing additional certifications in trade finance or financial risk management can enhance your profile and demonstrate a commitment to continuous learning.
Crafting Your Trade Finance Officer Resume
Your resume is a powerful tool to showcase your expertise and secure the desired position as a Trade Finance Officer. Here are some tips to craft a compelling resume:
- Highlight your experience in managing trade finance operations, emphasizing successful transactions and risk mitigation strategies.
- Detail your knowledge of international trade regulations and your ability to ensure compliance in complex transactions.
- Showcase your analytical skills by quantifying the impact of your financial decisions on the organization’s bottom line.
- Include any relevant certifications or training programs related to trade finance or financial risk management.
- Customize your resume for the specific job application, aligning your skills and experiences with the requirements of the role.
Your resume is your first impression, make it a strong reflection of your capabilities as a Trade Finance Officer.
Trade Finance Officer Resume Summary Examples
Your resume summary is the gateway to your professional story. Craft a powerful summary that encapsulates your skills and experience as a Trade Finance Officer:
- “Dedicated Trade Finance Officer with a proven track record of managing international trade transactions, optimizing costs, and ensuring regulatory compliance.”
- “Experienced finance professional specializing in trade finance, adept at negotiating favorable terms with financial institutions and mitigating financial risks in cross-border transactions.”
- “Strategic Trade Finance Officer with a keen eye for detail, successfully navigating the complexities of global trade and contributing to the financial success of the organization.”
Your summary sets the tone for your resume, providing a snapshot of your expertise and value as a Trade Finance Officer.
Building Your Experience Section
Your experience section is the heart of your resume, narrating the story of your career as a Trade Finance Officer. Here are examples to guide you in detailing your professional journey:
- “Led trade finance operations, negotiating favorable terms with banks and reducing transaction costs by 15%.”
- “Managed letters of credit for high-value international transactions, ensuring 100% compliance with regulatory requirements.”
- “Developed and implemented risk management strategies, resulting in a 25% reduction in financial exposure in global trade deals.”
Each experience highlights your achievements and contributions, providing a comprehensive view of your capabilities as a Trade Finance Officer.
Education Section for Your Trade Finance Officer Resume
Your educational background is a testament to your foundation in finance. Here’s how you can present your academic milestones:
- Master of Business Administration in Finance, XYZ University, 2017.
- Bachelor of Commerce in International Business, ABC University, 2015.
- Certified Trade Finance Professional (CTFP), Institute of Finance, 2018.
Your educational qualifications demonstrate your commitment to building a strong foundation in finance and trade.
Essential Skills for a Trade Finance Officer
Your skill set is the toolkit that empowers you to excel in your role as a Trade Finance Officer. Let’s categorize these skills into soft and hard skills:
- Effective communication to liaise with internal teams and external partners.
- Analytical thinking for assessing and mitigating financial risks.
- Attention to detail to ensure accuracy in documentation and compliance.
- Strategic thinking to navigate the complexities of international trade.
- Team collaboration for seamless coordination with cross-functional teams.
- Expertise in trade finance instruments, including letters of credit and bank guarantees.
- Knowledge of international trade regulations and compliance standards.
- Risk management skills to minimize financial exposure in trade transactions.
- Negotiation skills for securing favorable trade finance terms.
- Financial analysis skills to quantify the impact of financial decisions.
Each skill in your toolkit contributes to your success as a Trade Finance Officer, showcasing your ability to navigate the intricacies of international finance.
Common Mistakes to Avoid in Your Trade Finance Officer Resume
As you craft your resume, steer clear of common pitfalls that can hinder your chances of landing the desired role. Here are mistakes to avoid:
- Using generic language that fails to highlight your unique qualifications as a Trade Finance Officer.
- Overlooking the importance of quantifying achievements, missing an opportunity to showcase the impact of your contributions.
- Neglecting the cover letter, a valuable tool to provide context and express your motivation for the role.
- Overloading your resume with technical jargon, potentially alienating non-finance professionals who may be part of the hiring process.
- Failing to proofread, risking the impression of carelessness in your application.
Avoiding these mistakes ensures your resume is a compelling representation of your capabilities as a Trade Finance Officer.
Key Takeaways for Your Trade Finance Officer Resume
As you conclude crafting your Trade Finance Officer resume, keep these key takeaways in mind:
- Emphasize your experience in managing international trade transactions and mitigating financial risks.
- Highlight your expertise in trade finance instruments and your ability to ensure compliance with international regulations.
- Showcase your analytical skills by quantifying the impact of your financial decisions on organizational success.
- Include relevant certifications or training programs to demonstrate your commitment to continuous learning.
Your resume is more than a document; it’s a narrative of your journey, skills, and aspirations as a Trade Finance Officer. Best of luck!
Finally, feel free to utilize resources like AI Resume Builder, Resume Design, Resume Samples, Resume Examples, Resume Skills, Resume Help, Resume Synonyms, and Job Responsibilities to create a standout application and prepare for the Trade Finance Officer job interview.
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