Trade Finance Associate (BGC, Taguig)

The Trade Finance Associate will be responsible for assisting with the Treasury Assistant Manager’s duties. It also entails preparing accurate documentation for payables and their corresponding payment methods. This position will report to the Treasury Department.

Main Responsibilities:

Monitors LC’s, from their opening, negotiation, and post nego phases, depending on the contracts assigned, such as but not limited to the following:Review LC request/contract for opening, check Bank Credit Facilities, suggest/recommend the opening bank;Fill up corresponding Bank form/s, until terms therein are agreed by SAMC & supplierRequest for the Computation of the Advance Duties from the Brokeronce opened, request & review the bank's computation of the opening chargesRequest for LC cable on the opening and share it with the BeneficiaryHandle LC Nego period from Bank/s including its dispo: payout or book via TR; monitor arrival of the vessel and shipping docsAdvise Treasury Mgr on the funding requirementsBank Guarantee application, cancellation, advising the corresponding Broker of such requirementPrepare & route underlying instructions, route for signatureHandle Application of Waiver (non-Phil vessel) and Marine InsuranceMonitors and updates List of Bank Facilities, both utilization & balances, as well as LC opened, nego & for opening Follow-up monthly Statements of Accounts for all BanksSupport in renewals of Bank Facilities  and Secretary’s Certificates requiredSupport in fulfilling documentation required for the establishment of new Plant/s, such as but not limited to monitoring, coordinating with internal & external parties, records keeping, etc.Perform other duties that may be assigned from time to time

Qualifications:

Must be a graduate of a Bachelor’s Degree in Banking and Finance or equivalentMinimum of 2 years of related work experienceMust be willing to report to BGC, Taguig