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Finance Executive Job in Ras Al Khaimah
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Finance Executive Job in Ras Al Khaimah

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Company: Asia Petrochemicals Llc
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Salary: 7000 - 8000 AED/month
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Posted Date: 5th Aug 2022
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Job Expires on 4th Sep 2022
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Employment type: Fulltime
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Job Location: Ras Al-khaimah, Ras Al Khaimah, United Arab Emirates
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How to apply for this job

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Job Description

Position: - Trade Finance Officer (Specialized in Import & Export) Job Location- Dubai Experience- 8-10 Years in Treasury & Trade Finance, preferably in manufacturing & trading company- Petrochemicals, Chemicals, Lubricants etc. Qualifications- Graduate in Accounting / M.Com/Finance / Preferred from Trade finance Job Purpose • To provide operational support to the organization in terms of Treasury and Trade Finance Activities – LCs, Guarantees, Bank Account Management, Cash Management, Loan Management, Reporting etc. Key Accountabilities • Import LC Management: Managing the complete lifecycle of Import Letter of Credits – Preparation of LC Applications as per PI and PO, following up with Banks for its processing, checking the transmitted copy, managing discrepancies, Retirement of documents, Checking the documents on arrival for its compliance, settlement value, charges and accounting • Export LC Management: Managing the complete lifecycle of Export Letter of Credit – Checking the incoming LC for its workability, seeking amendments, preparation of documents in compliance with terms and conditions of LC and applicable Rules, Negotiation, Discrepancy management, follow-up with Banks at various stages till final settlement and accounting. • Guarantees: Managing the complete lifecycle of Bank Guarantees – Checking the request for Guarantees from Business units, preparation of Application and formats for various types of Guarantees (Tender, Advance Payment, Performance, Retention, Financial etc.), attending to queries and resolving all issues for approval and issuance. Retrieval of old guarantees on expiry or completion of purpose and maintain records etc. Risk avoidance and mitigation in guarantees is a primary task. • Loan Management: Forecasting funds requirement and availing various loans – Import Loans, Short-term Loans, Invoice Discounting etc. monitoring and planning Settlements, Interest accruals, accounting, record maintenance etc. • Reporting: Preparation of various reports relating to Cash Position, Cash flow forecast, LCs, Guarantees, Bank borrowings etc. Preparing schedules for Interim and Final Audit and attending to queries raised by external auditors and resolving them to their satisfaction. Job-Specific Skills: Knowledge of Trade Finance Rules – UCP600, URDG 758, URC522 and Incoterms 2010 Knowledge in Accounting / Finance Proficiency in MS Office

How many openings are there?

This position has 1 opening.

How much salary can you expect?

You can expect a minimum salary of AED 7000 and can go up to AED 8000. The salary offered will depend on your skills and experience.

How much experience is required for this job?

The candidate needs to have 8 - 10 year(s) of experience to apply for this job.

Who can apply for this job?

Only male candidates can apply for this job.

Which nationality candidates can apply for this job?

Only candidates from INDIA can apply for this job.

Which licenses are required to apply for this job?

No licenses are required to apply for this job.

Is a CV required?

Yes, a CV is mandatory.

What is the preferred visa status for this job?

Candidates with UAE Visit Visa, UAE Cancel/Expired Visa, UAE Own/Freelance Visa can apply for this job.

Is Video Intro required?

No, a video intro is not required.

Is it a work from home job or work from office job?

It is a work from the office job.

Is accommodation provided by the company?

No, the company will not provide accommodation to the candidate.

Will food and transportation be provided by the company?

No, the company will not provide food and transportation to the candidate.

Will the company provide free visa to the candidate?

No, the company will not provide a free visa to the candidate.

How can you apply for this job?

To apply for this job, go to the Skillbee App and click on the listing. From there, you can contact HR to schedule an interview.

About the company

Asia Petrochemicals Llc is in search of talented and motivated individuals for the post of Finance Executive in their office located in UNITED ARAB EMIRATES. They are a DIRECT COMPANY that provide excellent services in Chemicals. They have 51-200 employees working to offer services that ensure the highest standards of quality and perfection. Chemical Manufacturing

More about this job

What is a Finance Executive?

A finance executive is a position in the corporate world that oversees and manages financial affairs for an organization. They work with various departments to ensure all finances are handled correctly and efficiently, helping to keep the company afloat during tough times. A finance executive typically has a bachelor's degree in business or accounting and several years of experience working in a similar field.

What qualifications are required to become a Finance Executive?

1. A finance executive should have a degree in business or accounting.

2. They must be able to handle multiple tasks simultaneously and have excellent problem solving skills.

3. Finance executives need good communication and organizational skills as well as the ability to stay calm under pressure.

4. They should be able to think quickly on their feet, understand financial statements, and analyze data trends carefully

What are the skills required to become a Finance Executive?

1. Strong financial analysis skills

2. Proven experience in accounting or finance roles

3. Excellent communication and networking abilities

4. Experience with budgeting, forecasting and risk management techniques

5. Ability to lead a team

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