Export Trade Finance Specialist

Hitachi Enegry (Indonesia) (Jakarta, Jakarta, Indonesia)

DKI Jakarta, Indonesia

Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world’s energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries.

About this position

We are looking for a Trade Finance specialist to join Hitachi Energy Indonesia to support the Trade Finance organization. Provide expert trade finance advisory services, including bank guarantees and documentary letters of credit, during export sales contract negotiations and post-sales instrument finalization and execution.

Responsibilities

• You will maintain smooth daily operations for all Trade Finance instruments related activities (including Guarantee, Passive Guarantee, Import Letter of credit, Export Letter of credit) and release Bank guarantee/LC request as part of the 4-eye principle.
• You will maintain bank guarantee portfolio (new issuance, amendment, extend or pay, claims, closing, free formats) and handle the incoming bolero message.
• You will follow manual procedure in case of non-Bolero contracts and assign advised export LCs to the relevant recipients and review documents to be presented to the Bank.
• You will process and follow up for collection under Bank guarantees/LCs in our favor.
• You will be adhering to local regulations and relevant customary practices.
• You will be responsible for reconcile Banks' invoice, effect payment & allocate bank charges and support/oversight on the data quality management in TFL.
• You will advise PO/SO/Cost Center to GBS payment for booking Bank Charge regarding to BG/LC.
• You will coordinate with global ETF and Bank for acceding Trade Financing Program, manage Trade finance facility limit for BG/LC and work with Group & Bank to increase when needed and process LC discounting request and negotiate for best interest rate with Banks, complete regularly controls, monthly/quarterly Reconciliation for Guarantees, and LCs, perform required Internal Controls for GRCM and sign off as relevant.
• You will provide support under Treasury function, support Treasury cluster team on FX hedging, Loan and Cash Management activities regarding to physical documentation, local language reports and AR collection consolidation.
• You will set up Escrow Account, maintain communication and bank relationship, review Escrow Agreement, collaborating with Contract Manager and Legal, update for new opportunities with banks and review costing and compliance Reporting to Central Bank (SIMODIS).
• Living Hitachi Energy's core values of safety and integrity, which means taking responsibility for your own actions while caring for your colleagues and the business.

Requirements

• You hold university degree in finance, banking, treasury management, or a related field.
• You have prior working experience in trade finance administration, advisory, and consultancy on guarantees and letters of credit.
• Certification in trade finance instruments (e.g CSDG, CDCS) would be considered advantageous.
• Proficient in UCP600, ISBP 821, URDG, and ISP.
• A proactive business attitude, knowledge, and understanding of local and regional rules and regulations, as well as the regional market environment.