Trade Finance Specialist (Bank Gaurantee)

Job description / Role

Job Responsibilities

• Analyze and assess bank guarantee applications to ensure compliance with regulatory and internal policies, minimizing risk for the bank.
• Prepare and review documentation related to bank guarantees, ensuring accuracy and completeness before submission to relevant parties.
• Coordinate with clients, internal teams, and external banks to facilitate the timely issuance and amendment of bank guarantees.
• Monitor and manage bank guarantee transactions, tracking expiration dates and ensuring timely renewals or cancellations when necessary.
• Stay updated on market trends, regulatory changes, and best practices in trade finance to enhance service offerings and compliance.
• Resolve disputes and issues related to bank guarantees efficiently by liaising with relevant stakeholders and providing solutions.
• Prepare reports and presentations on bank guarantee performance and trends to support management decision-making.

Desired Candidate Profile

• Bachelor's degree in finance, business administration, or a related field; a master's degree will be an added advantage.
• A minimum of 5 years of relevant experience in trade finance, with a strong focus on bank guarantees and international trade.
• Experience in a banking environment or financial institution that specializes in trade finance products is preferred.
• Proficient in using trade finance software and banking systems to manage processes and documentation effectively.
• Detail-oriented with a high degree of accuracy in managing documentation and transactions.
• Excellent communication and interpersonal skills to build and maintain relationships with clients and stakeholders.
• Ability to work independently and as part of a team in a fast-paced, deadline-driven environment.

About the Company

Since National Fire Fighting Manufacturing FZCO (NAFFCO) was established, it has grown to become the largest fire fighting equipment manufacturer in the Middle East and one of the top manufacturers worldwide.

The companys core business focuses on design, manufacture, supply, installation and after sales services with our highly trained and experienced technicians and engineers for fire fighting products ranging from basic fire extinguishers to highly sophisticated fire engines. The company provides total fire protection solutions to the most prestigious developments around the world, including residential buildings, commercial complexes, telecommunication centers, industrial installations, oil refineries and petrochemical plants and airport installations.

With its presence in over 100 countries, NAFFCO headquarters is located in United Arab Emirates, where a wide range of innovative fire fighting equipment is manufactured with the companys state-of-the-art technology.