TRADE FINANCE INCHARGE

Job Description TRADE FINANCE INCHARGE PURCHASE Prepare, review purchase contracts in coordination with the Trading departmentPrepare, review documents to arrange funds for the cargo payment based on the purchase recap.Check the quantity & quality of the product by checking BL and Quality Certificate Issued by the vessel masterMaintaining Finance software, handling the creation of the Trade in order to support the hedgingLiaising with the shipping department for the load port demurrage, dead freight and heating cost. Ensure calculations are correct and then raise invoices to supplier.Ensure the information is correct, as per the contract. Prepare record.Pays vendors check for discounts, verifying federal ID numbers, scheduling and preparing payments.Resolving purchase orders or payment discrepancies. Ensuring credit is received for outstanding memos, issuing purchase order amendments or stopping payments. SERVICE INVOICES Checking and evaluating service creditors invoices (checking rates of service, discount as per agreement, credit terms, nomination details)Checking freight invoices based on the contract, based on the product purchasedUpdating freight charges in Finance software based on the service invoicesAllocating service invoices based on the voyage, liaise with the Accounts department so they can update the P&L for Voyage Wise P&L.Qualify invoices and gain approval on service invoices if required, liaise with the shipping departmentIssuing payments request to service Creditors (surveyors, terminals & service providers) for all expenses via cheque or payments online.Ensure the invoice is correct, checking against documentationProcessing of payments.Maintain and reconcile bank balance with financial books. Handling daily remittances and reconcile accounts.Maintain “ERP” for financial reports.Generate monthly reports and provide financial statements. REPORTS Preparing / submitting updated purchase listMonthly Purchase reportVendors (cargo suppliers) balance with detailsAny other reports as per requirements GENERAL ACCOUNTING WORKS Correspond to vendor inquiries. Reconcile vendor statements via research and correct discrepancies.Ensure all entries completed for the month for month end closing.Maintain files and documentation thoroughly and accurately, in accordance with company policy and accounting practices.Charges expenses to accounts and cost centres by analysing invoice/expense reports, recording entries.Maintain accounting ledger by verifying and posting account transactions. Minimum Requirement Must have Oil and Gas experience Job Types: Full-time, Permanent Salary: AED15,000.00 – AED20,000.00 per month Experience : Trade Finance: 5 years (Required) Work Remotely : No