Credit Risk & Trade Finance Manager
UD Trucks
Date: 1 day ago
City: Pretoria, Gauteng
Contract type: Full time
Credit Risk & Trade Finance Manager
Department : Finance & Business Control (BP64020)
Job Overview
UD Trucks is known for our pioneering technologies and products within the commercial automotive industry. The Credit and Trade Finance Manager is responsible for managing and assessing credit risks, overseeing trade finance operations, ensuring compliance with internal and regulatory standards, and supporting business development by facilitating smooth credit and trade transactions. This role is key in optimizing working capital, mitigating financial risks, and supporting international and domestic trade.
Reports Head of Finance / CFO
Responsibilities And Duties
Credit Management
Establishing credit limits for importers/buyers according to credit framework
Ensuring credit limits are sufficiently backed by security/collaterals
Maintenance/Update of Credit Policy to reflect any market news
Review and prepare credit support for the Credit Committee's approval.
Credit Limits Monitoring
Mark to Market Sales Forecast against Actual shipment to ensure Sales Forecast are in line with credit expectation.
Raise deviation requests to Credit Committee
Ensure Limits are catered for every shipment
Ensure that business adhere to the credit monitoring process
Ensure expiry of the credit limits are in place to ensure no disruption to shipment scheduled
In the event of non-payment, notification to insurance company and adhere to the claim process to recover any monies
Yearly credit review on existing client
Trade Finance
Letter of Credits
Liaise with Operation/Assembly plants with regards to Purchase Orders requirement so as to ensure a workable LC is issued by the applicant’s bank.
Liaise with counterparties to ensure a workable Letter of Credit is issued timely
Ensure banks limits, confirmation and discounting are in placed with the negotiating banks. This includes securing favourable rates the banks for confirmation and discounting.
Ensure submission of compliance shipping documents to banks. Any discrepancies to be rectified prior to negotiation by banks (This include LC amendments, operations team who are responsible for the shipping documents)
Monitoring of credit limits for clients with credit insurance
Ensuring limits are within the tolerance and seek appropriate approvals if needed.
If the event of non-payment, notification to insurance company and adhere to the claim process to recover any monies
Payment and Receivables
Ensure all due receivables are received on time
Notification to credit committee in the event if there are non-payments
Minimum Qualifications
Part of the Isuzu group, UD Trucks is a global leading international commercial vehicle solutions provider headquartered in Japan. At UD Trucks, we are defining the next generation of smart logistics solutions through advanced innovations in automation, electro mobility and connectivity. UD Trucks develops, manufactures and sells a wide range of heavy, medium and light-duty trucks, operating in more than 60 countries across all continents. Our trucks and people go the extra mile for our customers and business partners, day in and day out.
We are an 8,000+ strong team of colleagues with 40 nationalities who bring diversity and passion in delivering our products and services. We trust each other, work collaboratively and embrace change. At UD Trucks, our purpose is Better Life – to make life better for people and the planet. We have developed a culture that promotes:
Diverse and friendly culture – Strong culture of diversity and inclusion, organizing annual events, daily activities and open communication platforms including various internal voluntary networks.
Empowered growth – Global exposure and growth opportunities across functions and countries through internal mobility system and self-driven career opportunities, building a learning organization by enabling self-managed learning supported by the UD Academy.
Flexibility with trust – We continue to fully support both remote working (where and when applicable) and flexible working hours, we actively encourage our colleagues to maintain a good work/life balance. You will have the autonomy and flexibility to split your working time between both our wonderful, modern and equipped HQ and remotely.
Be part of our journey to create Better Life for society, for our customers and for yourself. UD Trucks is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all our colleagues.
Department : Finance & Business Control (BP64020)
Job Overview
UD Trucks is known for our pioneering technologies and products within the commercial automotive industry. The Credit and Trade Finance Manager is responsible for managing and assessing credit risks, overseeing trade finance operations, ensuring compliance with internal and regulatory standards, and supporting business development by facilitating smooth credit and trade transactions. This role is key in optimizing working capital, mitigating financial risks, and supporting international and domestic trade.
Reports Head of Finance / CFO
Responsibilities And Duties
Credit Management
Establishing credit limits for importers/buyers according to credit framework
Ensuring credit limits are sufficiently backed by security/collaterals
Maintenance/Update of Credit Policy to reflect any market news
Review and prepare credit support for the Credit Committee's approval.
Credit Limits Monitoring
Mark to Market Sales Forecast against Actual shipment to ensure Sales Forecast are in line with credit expectation.
Raise deviation requests to Credit Committee
Ensure Limits are catered for every shipment
Ensure that business adhere to the credit monitoring process
Ensure expiry of the credit limits are in place to ensure no disruption to shipment scheduled
In the event of non-payment, notification to insurance company and adhere to the claim process to recover any monies
Yearly credit review on existing client
Trade Finance
Letter of Credits
Liaise with Operation/Assembly plants with regards to Purchase Orders requirement so as to ensure a workable LC is issued by the applicant’s bank.
Liaise with counterparties to ensure a workable Letter of Credit is issued timely
Ensure banks limits, confirmation and discounting are in placed with the negotiating banks. This includes securing favourable rates the banks for confirmation and discounting.
Ensure submission of compliance shipping documents to banks. Any discrepancies to be rectified prior to negotiation by banks (This include LC amendments, operations team who are responsible for the shipping documents)
Monitoring of credit limits for clients with credit insurance
Ensuring limits are within the tolerance and seek appropriate approvals if needed.
If the event of non-payment, notification to insurance company and adhere to the claim process to recover any monies
Payment and Receivables
Ensure all due receivables are received on time
Notification to credit committee in the event if there are non-payments
Minimum Qualifications
- Bachelor’s degree in Finance, Accounting, Economics, or related field (MBA or professional certifications CFA / CPA, ICC Certification in Trade Finance advantageous).
- 5–10 years of experience in credit risk and trade finance roles.
- Experience in banking, financial institutions, or large trading/manufacturing companies.
Part of the Isuzu group, UD Trucks is a global leading international commercial vehicle solutions provider headquartered in Japan. At UD Trucks, we are defining the next generation of smart logistics solutions through advanced innovations in automation, electro mobility and connectivity. UD Trucks develops, manufactures and sells a wide range of heavy, medium and light-duty trucks, operating in more than 60 countries across all continents. Our trucks and people go the extra mile for our customers and business partners, day in and day out.
We are an 8,000+ strong team of colleagues with 40 nationalities who bring diversity and passion in delivering our products and services. We trust each other, work collaboratively and embrace change. At UD Trucks, our purpose is Better Life – to make life better for people and the planet. We have developed a culture that promotes:
Diverse and friendly culture – Strong culture of diversity and inclusion, organizing annual events, daily activities and open communication platforms including various internal voluntary networks.
Empowered growth – Global exposure and growth opportunities across functions and countries through internal mobility system and self-driven career opportunities, building a learning organization by enabling self-managed learning supported by the UD Academy.
Flexibility with trust – We continue to fully support both remote working (where and when applicable) and flexible working hours, we actively encourage our colleagues to maintain a good work/life balance. You will have the autonomy and flexibility to split your working time between both our wonderful, modern and equipped HQ and remotely.
Be part of our journey to create Better Life for society, for our customers and for yourself. UD Trucks is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all our colleagues.
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