Senior Officer Trade Financing
Date: 8 May 2025
Location: Karachi, PK
Company: KE
Our employees are our company's greatest asset - they are our real competitive advantage. We possesse immense power of innovation, immagination and a desire to attract and retain the best; provide them with encouragement, stimulus, and make them feel that they are an integral part of the company's mission.
Purpose
To support in managing all trade financing related tasks.
Education
Bachelor's Degree
Knowledge
Microsoft Office Suites
Knowledge of SAP4HANA
UCP 600
FE Manual Chapter 13 & 14
Experience
1-2 years experience
Competencies
Area of Responsibilities
Issuance and settlement of IPP/Fuel discounting LCs
Timely review of supplier documents, preparation and submission of LC & discounting request to banks.
Review the markup working and provide confirmation
Complete LC execution and transfer of funds into supplier account and obtain SWIFT and email confirmation on both.
Complete timely settlement of LC and that amount is deducted as per calculation agreed at the time of LC issuance.
Managing and processing of FIs against FOC (Free of Cost) cases and issuance of custom guarantees in case of temporary shipments
Timely review of supplier documents, preparation and submission of FI and BG request to banks.
Make sure that incorporated data is valid in PSW.
Where applicable, ensure that BG is issued timely and that margin is held in profit bearing accounts .
Cancellation of expired BGs and timely release cash margin and save finance cost.
Execution of Advance payment, Open Account and Remittances
Timely review of supplier documents, preparation and submission of request to banks.
Negotiate foreign rate and ensure that payments are timely executed.
Prepare SBP approval if required and follow-up till receipt of the same.
Ensure shipping documents are presented to bank in time to avoid getting time barred GDs.
Area of Responsibility Continued
LC CAPEX Retirements, AWB/BL endorsements and Payments (issuance of shipping guarantee incase of BL)
Scrutiny of documents received for Airway Bill/ Bill of Lading endorsement on timely basis, preparation of request and submission of request to bank.
Responsible for execution of AWB/BL endorsement request to ensure that endorsed document is received timely against cash margin(if required). Ensure margin is released same day as payment.
Review of document intimation request received from bank and timely prepare documents and submit to bank for processing.
Timely settlement of requested document after negotiation of best possible foreign rates with treasury.
Issuance, amendment and cancellation of CAPEX LCs and Fis
Timely review of supplier documents, preparation and submission of request to banks.
Responsible for request execution, sharing vendor comments and bank queries and obtain SWIFT from bank to share with respective department.
Ensure simultaneous issuance of FI against LC
KE provides equal employment opportunity (EEO) to all persons regardless of age, color, origin, physical or mental disability, race, religion, creed, gender, marital status, status with regard to public assistance or any other characteristic protected by federal, state or local laws.
