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Job description / Role
The Trade Finance Accountant plays a crucial role in managing the trade finance documentation and balance of payments by adhering to the mutually agreed terms and conditions.
Key Responsibilities:
1. Liaise with Procurement department at the time of placing orders with LC terms
2. Liaise with banks for application and issuance of LCs/LGs
3. Liaise with Sales department at the time of signing sales orders where LGs are a requirement or where Export LCs are to be received
4. Prepare and submit LC and LG applications to banks after properly verifying the details and having them in line with supplier/customer requirements
5. To ensure the trade documents are greatly in favour of the company to the extent possible
6. To work towards further developing the application and update process, and move towards making it online
7. To keep a proper record/database of all trade finance documentation including but not limited to:
a. LCs
b. LGs
c. Acceptance advises
d. Track of expected shipment, delivery and payment dates as per LC terms
e. Outstanding and utilized facilities
f. Monitor closing of LCs and LGs to effectively manage company’s credit lines
g. Work together with accounts in treasury management to ensure sufficient funds are available to retire any upcoming payments under LCs
8. Management reporting
9. Prepare timely LC forecast and capital reports for management
10. Monthly supplier reconciliation to ensure payments and invoices are adhering to LC terms and conditions
11. Document control both internally and externally
12. Have hands on accounting experience in accounts payables, accounts receivables, general ledger, cash and bank reconciliation and other general accounting functions
13. Perform any other duties as required by the Finance Manager
Requirements
Skills:
1. Intermediate to advance MS Excel
2. Maintain database
3. Report design and implementation
4. Detail oriented
5. Good communication skills (written and verbal)
6. Strong negotiation skills, especially with banks
7. Vendor management skills
8. Persuasive and result oriented
9. Well versed with Incoterms, UCP guidelines and other relevant standards
10. Accounting / financial systems
Education:
1. Bachelors in Accounting
2. Any additional certification in international trade finance would be an added advantage
About the Company
SMEET was established in 2010 by Qatari Diar Real Estate Investment Company, Barwa Real Estate Company & The First Investor. It is envisaged to become a leading producer of building materials within the MENA region.
SMEET is currently focused in offering an integrated product mix and innovative building solutions for the construction industry.
Our Ready Mix Concrete division is currently operational with production facilities at Industrial Area, Lusail. SMEET Precast is the largest & the most advanced single factory in the MENA region located at Mesaieed Industrial City & covering a massive area of 300,000 square metres and is currently operational to fullfill the requirements of building materials for the fast-growing Qatari construction market.