Manager Management

SHOBI JOSE Dubai - +971-**-**-**-***

Manager, Trade Fin. & LC docs. *********@*****.***

Carrier Objective

To pursue a highly rewarding career, seeking for a job in MNC have challenging and healthy

work environment with an opportunity for growth and career advancement where I can utilize my

skills and knowledge efficiently for organizational growth.

Summary

B. com, dynamic and 20+ years experienced Treasury functions, Trade Finance and LC

documentation Manager with extensive knowledge of sourcing funds on time and managing it

prudently, Foreign currency deals, Trust Receipts, Bank Guarantees, LC documentation,

International Trade, all banking operations, Treasury & Cash management, Logistics, UCP600,

ISBP98, URC522, URDG758, shipping, insurance, accounts up-to finalization, Knowledge of

ERP system, Tally ERP9, MS Excel advanced, Power point etc.

Key Skills

UCP600, URC522, URDG758, ERP, MS Excel, Power Point.

AR, AP & GL reconciliation

ISBP98

Import & Export Documentation Shipping, Insurance, Clearing &

and all bank operations forwarding

Documentation of Trade Finance Good contacts with Local and

and its Utilization International Banks

Cash flow management

Negotiation, Cost control

Accomplishments

Managed to complete several high value back to back LC documentations on

time and without any discrepancy which reduced banking cost significantly,

especially structuring cost.

Identified unnecessary costs involved in LC transactions and reduced it by

prompt actions on right time which increased profitability by nearly 2%.

Handled more than 50+ different countries export LCs per month and 20+ export

LC documentations per day and 7 to 10 import LC documentations per day

without any paradox.

Won management appreciations several times for timely submittal of documents

with zero discrepancies in 98% of LC documents which cut down the

discrepancy cost to very negligible level, ensure payments on time and keeping a

clean and perfect track record for documents flow.

Guided major multinational suppliers and foreign customers in LC procedures &

clauses to ease the LC transaction which enriched business relation.

Proposed business against bank guarantees with regular foreign customers which

helped to reduce both documentation expenses and time also ensured prompt

payment which saved interest.

Streamlined mix-match utilization of finance facilities from different banks by

identifying requirements and allocating required finances for each department.

Proposed time lines to utilize TR and Bill Discounting facilities which won

supplier appreciation for timely payment and management appreciation for

streamline the cash flow of the organization.

Experience

Group Trade Finance & LC Documentation Manager

General Trading, Consumer electronics & Home appliances - Dubai

Apri-07 to current

Reporting & Scope of duties

Periodical reporting to Directors and CFO for treasury & trade finance activities which

helped management in strategic planning and decision making.

Managing group’s Treasury & Trade Finance with 13 banks, managing all bank

accounts, mandates, new, renewals & review of all banking arrangements, facilities,

Import & Export Letter of Credit documentation, Bills discounting, all kind of Bank

operations, managing and settling bank liabilities on time, Shipping, Insurance, Cash

Flow and Cost control.

Managing Treasury & Trade Finance

Manage and motivate group’s trade finance team of 6 persons.

Fix & settle foreign exchange deals with the agreed rates.

Initiate meetings with banks for the financial requirements and co-ordinate with them for

the documentation to avail new facilities, renewal of existing facilities, negotiate bank

charges & interest rates, maintaining of proper records of mandates and its amendments,

arrange ad-hoc finances for trade, loans for different purposes, guarantees and bonds as

per the needs.

Meeting with different depts. heads, understand & advice suitable financial planning for

their requirements. This reduced depts. heads strain a lot in closing a deal with

international brands on time professionally.

Introduced E-banking in the group for all the transactions, maintain & secure the system

and guide the staff who are all authorized to involve in the E-banking transactions.

Managing Cash flow

Manage prudently cash flow of the group by introducing new systems to accounts staff to

report cash flow systematically, which helped to meet the bank commitments on time

thus reduced overdue costs.

Follow-up with banks for the LC / DC/ TT payments, sales dept, accounts dept and

collection team for the payments from credit customers.

Provide weekly, monthly and yearly cash flow and projected cash flow statements.

Closely monitor and report the delays to all concerned and make sure the payments are in

line with the projected statements.

Initiate necessary steps for the recovery of over-due payments as per the approvals from

management.

Initiate and record properly intercompany fund transfers and arrange cheques or export

bills discounting in emergency situations. Arrange payments on time to suppliers through

bank transfers. Arrange enough funds to settle the bank liabilities on time.

Managing Import & Export LC & Documentation

Manage to establish import LCs on time, follow-up for documents; arrange to release

clearing the shipment without any delay.

Made arrangements with international banks to open all the import LCs in a cost effective

way and discount export bills with low cost.

Educate, guide both suppliers and customers who are reluctant to LC / Bank Guarantee

transactions and assist them in documentation.

Established a system to provide export LC instructions in advance to export customers

and examine their LCs received, advice proper amendment to any clauses which is not

relevant or impractical.

Communicate all relevant information on the import & export LCs to all concerned dept.

Co-ordinate with logistic, sales depts., for the current & pending order supply and find

out the variance, delay if any, and regularize the flow immediately without affecting

business. Negotiate and co-ordinate with shipping agents, inspection authorities, chamber

of commerce and other certification authorities and arranges BLs and required

certifications as per LC on time.

Scrutiny of documents, submit it on time, follow-up with banks for advices of payment

due dates and follow-up.

Managing Accounts

Ensure all the transactions are entered properly in the system and periodical

reconciliation of all trade finance related accounts.

Monitoring bank charges, interest rates and its proper accounting. Reconciliation of AR,

AP & GL accounts.

Year end audit process- by providing balance confirmations from all the banks and

reconcile all the bank accounts, prepare audit schedules for Trade Finance operations.

accountant & LC documentation supervisor

Electrical & Switch gear Group - Dubai Sep-97 to Apri-07

Reporting to General Manager - Finance

Availing, utilizing and Managing Trade Finance facilities from various banks.

Process Import and Export LCs, Trust Receipt loans, Local and Export Bill Discounting,

Bank Guarantee, Medium Term Loans & Vehicle Loans. Timely release / acceptance of

documents and clear the shipment on time.

Co-ordinate with sales and customers for the Export LC process, shipment, submittal of

documents on time and follow up for the LC payments.

Coordinate with shipping Cos and clearing forwarding Co.

Monitoring bank charges and interest rates.

Reconciliation of AR, AP, GL, Bank & Cash account.

Process payments to suppliers, banks and others

Management of payroll as per UAE Labor laws.

Finalization of accounts & Prepare schedules at year-end for audit

accountant & Admin supervisor

Bldg Materials Trading Co - Dubai July-1994 to Sep-1997

Office & Employee Admin * Pay roll *Accounts reconciliations * Bank operations *

Payments to suppliers * L/C TR, Guarantee and Credit facilities documentation *

Shipping, Clearing & Forwarding * Finalization of accounts *

accountant

Sewing Machine Trading Co - Dubai Apr-1992 to Jun-1994

Reconciliation of all banks, Cash Daily and AR, AP & GL Monthly.

Import & Export L/C, TR, Guarantee and Credit facilities documentation.

Receivables Payment follows up and prepares supplier payments and payroll.

Education

B. Com Accountancy & Commerce Calicut university 1990

Diploma Systems Analysis(Programming) NIIT, India 1991

Diploma Import & Export Manag. Indian Chamber 1997

of Commerce

Additional

Training Imp. & Exp Documentation EBI, Dubai 2009

Training ICCI guide lines on UCP, NBF, Dubai 2009

Inco-term & ISBP

Training Credit Control & Insu. CFO Jackys 2008

Training Budgeting CFO Jackys 2008

Training Advance Excel HR, Jackys 2008

Personal Info’s.

46, 2nd May 68

Age & DOB :

Gender : Male

Visa status : UAE Residence

Driving Licen : UAE driving License

Current salary: AED.15K + Allowances

Expected Salary: AED. 20K+ Allowances

15 – 20 Days

Notice period:

Hobbies

Cooking, Reading spiritual books, watching TV for news, sports, movie, Playing cards

Contact this candidate