Trade Officer / Manager (depending on the level of responsibility)
Location : Dubai
Primary Responsibilities :
1. Trade Execution and Settlement :
- Facilitate the execution and settlement of trades (could be in commodities, financial instruments, or physical goods).
- Ensure all trading transactions are processed accurately and promptly.
- Monitor trades for discrepancies or issues that need immediate resolution.
2. Documentation and Compliance :
Prepare and verify trade documentation (purchase orders, invoices, contracts, shipping docs, etc.).Ensure compliance with local and international regulations, including customs documentation for imports / exports.Ensure adherence to company policies and external regulations (e.g., sanctions, trade laws).3. Risk Management :
Monitor market movements, assess risk, and implement risk management strategies to minimize exposure for the company.Identify and report any potential risk issues during the trading process, especially with cross-border trade.Coordinate with risk management teams to mitigate financial or logistical risks.4. Logistics and Supply Chain Coordination :
Coordinate the movement of goods (if it's a physical commodity trade) from suppliers to end customers, including shipping, handling, and customs.Manage inventory and stock levels, ensuring trade orders align with supply chain capabilities.Liaise with freight forwarders, carriers, and customs authorities to ensure timely and efficient delivery.5. Financial and Reporting :
Assist in tracking trade-related costs and revenues, ensuring proper accounting for each transaction.Provide regular trade operation reports and insights to senior management.Work with finance teams to ensure accurate invoicing and payment collections for international trades.6. Coordination with Internal Teams :
Work closely with sales, trading, and finance teams to ensure smooth operations from trade initiation to execution.Address and resolve any operational issues, ensuring minimal disruption to the trade process.7. Customer and Supplier Relationship Management :
Communicate effectively with clients and suppliers, ensuring they are updated on trade progress, delivery status, and any issues.Build and maintain strong relationships with key stakeholders in the supply chain.8. Technology and Systems :
Utilize trade management systems or platforms to monitor and manage the execution of trades.Stay up-to-date with trading software, industry-specific tools, and technologies to streamline operations.9. Dispute Resolution :
Handle any disputes or issues that arise during trade execution, whether related to pricing discrepancies, shipment delays, or quality issues.Act as a point of contact for any complaints or concerns related to trades.Key Skills :
Attention to Detail : Accuracy in processing trade documentation and transactions.Communication Skills : Strong interpersonal skills to liaise with clients, suppliers, and internal teams.Problem-Solving : The ability to quickly resolve operational issues or discrepancies.Analytical Skills : Ability to understand market trends, risk factors, and trade logistics.Knowledge of International Trade Laws : Familiarity with customs regulations, tariffs, and international compliance.Organizational Skills : Managing multiple tasks and coordinating various stakeholders efficiently.Technical Proficiency : Familiarity with trade platforms, ERP systems, and Excel or other data analysis tools.Required Qualifications :
A bachelors degree in Business, International Trade, Supply Chain Management, Finance, or a related field.Experience in trade operations or international trade, typically 5-6 years (depending on seniority).Familiarity with trade documentation, letters of credit, and payment terms (e.g., FOB, CIF).Experience with logistics, customs clearance, and global shipping is a plus.(ref : iimjobs.com)