Commercial Specialist

2 months ago


Riyadh, Ar Riyāḑ, Saudi Arabia Today's Harvest Full time
Job Title: Commercial Specialist

Today's Harvest is seeking a highly skilled Commercial Specialist to join our team. As a key member of our commercial operations, you will be responsible for managing and maintaining letters of credit and bank guarantees for our purchase orders.

Key Responsibilities:
  • Letter of Credit Management: Maintain complete status of all letters of credit and bank guarantees, updating the information on a daily basis.
  • LC Drafting and Coordination: Draft letters of credit by coordinating with the immediate manager, treasury, project manager office, and suppliers.
  • Bank Guarantee Management: Obtain bank guarantees from suppliers as per purchase order terms and conditions.
  • Data Entry and Maintenance: Enter letter of credit and bank guarantee data into the system.
  • Treasury Liaison: Liaise with the treasury department for opening letters of credit and extending or releasing bank guarantees.
  • Expiry Monitoring: Monitor the expiry of letters of credit and bank guarantees and initiate appropriate action in a timely manner.
  • Filing and Documentation: Maintain up-to-date filing of letters of credit and bank guarantees, including transmission copies and extension/release notifications obtained from the bank through the treasury department.
  • Correspondence and Reporting: Prepare letters and other correspondence related to letters of credit and bank guarantees, and provide periodic reports detailing deviations and execution of planned tasks.
Requirements:
  • Problem-Solving: Solve any related problems and escalate complex operational issues.
  • Quality and Compliance: Ensure quality requirements and compliance with related policies and procedures, and work instructions.
  • Business Process Improvement: Coordinate well-defined written systems, policies, procedures, and seek automation opportunities as much as possible.
  • Health, Safety, and Environment: Ensure compliance with relevant safety, quality, and environmental management procedures and controls within defined areas of work activity to guarantee safety, legislative compliance, and delivery of high-quality products/services.

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