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Head - Trade Finance.Trade Finance

Head - Trade Finance.Trade Finance

Qatar Steel CompanyQatar
11 days ago
Job description

KEY ACCOUNTABILITIES

Description

  • Strategic Planning : Lead and execute strategic plans for the trade finance section to achieve the organization's financial goals and objectives.
  • Trade Finance Operations : Manage the daily operations of trade finance activities, including import and export financing, letters of credit, guarantees, standby letters of credit, advance payment and documentary collections.
  • Client Relationship Management : Build and maintain strong relationships with clients, suppliers, and steel trading partners, understanding their trade finance needs and offering tailored solutions.
  • Risk Assessment and Mitigation : Plan and conduct comprehensive risk assessments for trade finance transactions, particularly focusing on steel market dynamics, and implement effective risk mitigation strategies.
  • Compliance and Regulations : Direct and ensure strict adherence to industry-specific regulations and compliance standards within the steel sector, including steel trade compliance, import / export regulations, UCP600, international standard banking practice (ISBP), and uniform rules on demand guarantee (URDG).
  • Financial Analysis : Strategize the financial aspects of steel trade finance deals, assess counterparties' creditworthiness, and make informed decisions regarding financing.
  • Documentation and Reporting : Manage trade finance documentation, including complex steel contracts, ensuring accuracy and compliance. Generate regular reports on trade finance activities and KPI’s.
  • Supply Chain Finance : Manage the collaboration with supply chain teams to optimize trade finance solutions that support the steel supply chain, reduce financing costs, and enhance operational efficiency.
  • Team Leadership : Manage and lead a team of trade finance professionals, providing guidance, mentorship, and support for their professional development.
  • Process Improvement : Lead in identifying opportunities to streamline trade finance processes within the company and contribute to the development and enhancement of specialized trade finance procedures.

Budgeting and Financial Planning

  • Manage the preparation and recommend the sectional budget and monitor financial performance versus the budget while ensuring all sectional activities are conducted in line with the approved guidelines.

    • Policies, Systems, Processes & Procedures

  • Manage and ensure effective implementation of policies, procedures and controls covering all areas of assigned sectional activity so that all relevant procedural / legislative requirements, fulfilled while delivering a quality, cost-effective service.

    • Continuous Improvement

  • Lead the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.

    • Reporting

  • Ensure that all sectional reports are prepared timely and accurately and meet Qatar Steel’s requirements, policies, and quality standards.

    • Quality, Health, Safety & Environment

  • Ensure compliance with relevant safety, quality, and environmental management policies, procedures, and controls, maintaining a healthy and safe work environment.

    • QUALIFICATIONS, EXPERIENCE, & SKILLS

    Minimum Qualifications :

  • Bachelor's degree in accounting, finance, business, or a related field (Master's degree preferred).
  • Professional certifications in trade finance (e.g., CTFP, CITF, CDCS) are a plus.

    • Minimum Experience :

  • Minimum of 8-10 years of experience in trade finance, with a solid track record of success.
  • Manufacturing / steel industry or similar industry experience is preferred.

    • Job-Specific Skills (Generic / Technical) :

  • Advance knowledge on Uniform Customs and Practice for Documentary Credits (UCP 600).
  • Advance knowledge on International Standard Banking Practices (ISBP).
  • Advance knowledge on Incoterms 2020 (International Commercial Terms).
  • Profound knowledge of steel market dynamics, trade finance products, and international trade regulations.
  • Strong analytical and problem-solving skills, with the ability to assess complex financial structures and risks.
  • Proficiency in trade finance software and ERP.
  • Advanced leadership skills and ability to manage personnel in a multi-cultural work environment.
  • Strong communication and presentation skills.
  • Excellent relationship building and negotiation skills.
  • Excellent planning, organizational and time management skills.

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