Credit Specialist - Trade Finance

Job title: Credit Specialist

Business: Financial Services

Supervisor's Name/Title: TF Manager

Function: Regional Trade Finance

Number of Positions: 1

Location/Country: India

Basic Function: Brief statement indicating why the role exists and its function

Part of the Trade Finance, the Credit Specialist works together with and reports to the Regional Trade Finance, (TFM), responsible for a portfolio of export distributors/local dealers and end users for wholegoods and spare parts for Agricultural & Construction Equipment as well as Commercial Vehicles & Trucks.

Responsibilities, Accountabilities: Outline the primary responsibilities of the position and the authority level of the position (i.e., budget approval)

- Management of a credit line for each distributor; release goods for shipment in the ordering management systems,

- Management of distributors accounts: collections, control over outstanding, timely reaction to potential past due, reconciliation of accounts with the distributors, give instructions to allocate payments, credit notes, etc.

- Monthly reporting: provide to Management explanations on major past dues and actions in place, credit control and past due reports and analysis;

- Make sure customers- credit files are up-to-date; control of credit policies; processing, review and proposal for credit limits;

- Daily relationship with distributors, commercial, sales administration, logistics, accounting departments,

- Support to TFM in development of financing structures for dealers and end customers in close and daily contacts with the structured finance dept,

- Support to TFM in development of stock and retail financing programs;

- Communication to dealers on different Trade Finance products and possibilities, joint meetings with dealers;

- Managing documentary credit operations related to the Trade Finance transactions including monitoring and administrating of the BG, L/C, SBLC issuing procedure, including preliminary check of wording of Trade Finance instruments and related shipment and other documents;

- Sales activity coordination: negotiation with customer's management in order to find acceptable payment proposal for both parties; coordination of payment and delivery terms in the commercial contracts; coordination of invoicing and shipping procedures together with sales team.

Job Requirements and qualifications: Describe the basic requirements of the position Include: previous functional experience (# of years), technical skills/knowledge, management experience (# of years), key business experiences (i.e., turnarounds, P&L responsibility, international, start-ups), certifications, education, licensing

- Financial background and experience (not less than 5 years of working experience, including not less than 3 years of experience in the Bank (i.e. documentary credit dept., trade finance dept., audit dept.) and/or Credit Control/Trade Finance Dept. of Industrial Organizations.

- University Degree in Economics/ Finance or related subjects,

- Experience in export and/or local trade operations, good knowledge of Incoterms.