Job Description – Funded Open Accounts Trade Finance Specialist
Position: Funded Open Accounts Trade Finance Specialist
Location: Chennai
Experience: 3+ Years
Industry: Banking, Financial Services, Trade Finance
Job Summary:
The Funded Open Accounts Trade Finance Specialist is responsible for overseeing working capital financing, supplier financing, invoice discounting, and export/import financing. This role involves structuring trade finance solutions, ensuring timely fund disbursement, and mitigating credit risks while adhering to regulatory requirements.
Key Responsibilities:
- Managing Funded Trade Finance Facilities, including pre-shipment and post-shipment financing, invoice financing, supplier financing, and factoring.
- Assessing borrower creditworthiness and trade transaction risks.
- Executing and monitoring transactions, ensuring timely fund disbursement, repayment tracking, and reconciliation.
- Coordinating with clients, counterparties, banks, and financial institutions.
- Ensuring compliance with AML, KYC, FEMA, UCP 600, and Basel guidelines.
- Optimizing trade finance processes and workflows.
Key Skills & Competencies:
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Proficiency in invoice financing, supplier credit, and working capital loans.
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Strong knowledge of UCP 600, ISBP, trade credit insurance, and regulatory compliance.
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Risk assessment and financial analysis abilities.
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Excellent communication and stakeholder management skills.
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Proficiency in SWIFT, trade finance platforms, and Excel.
Qualifications & Experience:
- Education: Bachelor's/Master’s in Finance, Banking, or related field
- Experience: 3+ years in funded trade finance, corporate banking, or lending
- Certifications: CFA, CDCS, or Trade Finance Certifications preferred
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