13 Jan

Analyst Trade Finance Jobs Vacancy in General Electric Norwalk

Position
Analyst Trade Finance
Company
General Electric
Location
Norwalk CT
Opening
13 Jan, 2018 30+ days ago

General Electric Norwalk urgently required following position for Analyst Trade Finance. Please read this job advertisement carefully before apply. There are some qualifications, experience and skills requirement that the employers require. Does your career history fit these requirements? Ensure you understand the role you are applying for and that it is suited to your skills and qualifications.

Follow the online directions, complete all the necessary fields, and provide all relevant information so your application is submitted correctly. When you click the 'Apply this Job' button (open in new window) you will be taken to the online application form. Here you will be asked to provide personal and contact details, respond to employment-related questions, and show how you meet the key selection criteria.

Analyst Trade Finance Jobs Vacancy in General Electric Norwalk Jobs Details:

About Us:
At GE Capital we’re not just bankers, we’re builders.
Headquartered in Norwalk Connecticut, GE Capital is one of the world’s largest providers of credit and expertise.
For more than 1 million businesses, GE Capital provides financing to purchase, lease and distribute equipment, as
well as capital for real estate and corporate acquisitions, refinancings and restructurings. GE Capital operates in a
number of industries, from airlines, healthcare and energy financing to fleet, franchise and middle market
corporate finance. For approximately 80 million consumers, GE Capital offers credit cards and retail sales finance
programs. GE Capital is an extension of GE's rich heritage of building and supporting growth, providing customers
with insight, knowledge and expertise in addition to financing. At GE, developing people is embedded in our
culture and integral to our growth. Join us and you’ll find yourself part of a dynamic team full of professional
challenges and opportunities.
GE offers a great work environment, professional development, challenging careers, and competitive compensation. GE is an Equal Opportunity Employer . Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.

Essential Responsibilities:
Trade and Project Finance role to be the interface with Banks Surety Broker and GE Businesses
Strategic management of the Trade portfolio, implementing the Strategy set by HQ.
Lead quarterly Contingent Liability Bank fee payments, becoming an expert on Fx portfolio revalue, Webcash interface, IBS interface, OneBiller Corporate GL and reconciliation.
Management and oversight of the day-to-day issuance and amendment of GE Company Letters of Credit, Bank Guarantees and Surety Bonds, leveraging the ALOC system & Corporate IBS tool.
Ability to communicate and clearly articulate Trade Finance strategy internally to Senior Treasury, Business management, and externally to GE banking partners
Work closely with Banks, businesses and internal billing teams
Maintain ownership for wing-to-wing L/C process from business request to bank payments and Business reconciliation.
Identify opportunities to streamline processes through digitization.
Facilitate Businesses Contingent Liability reporting and Bank reconciliation reporting, cancellations of issuances, as applicable Perform regular review of all open-ended instruments and execute on opportunities to cancel, where possible, to save bank fees during quarterly reconciliations with Banks and Businesses
Assist with ALOC system administration, Bank and Business user profile set-ups, and creation of new business and Bank silos. Maintain ownership for Business verticals and hierarchy, Business Delegations of Authority, UAT for systems deployments, Sox level 1 reporting for ALOC. Annual Bank/Business review
Interface with Corporate Surety Broker (Aon) for Surety bond needs
Align, where needed, on Bank Credit renewals; new issuances, amendments and monthly reporting consolidation ensuring sound operating processes.
Perform presentations /reports ad-hoc for-Management review and Businesses when needed.
Assist team with Alstom consolidation, ALOC tool, training for Banks and Businesses.
Assist with creation of training tools online for the Business and Banks re: the ALOC tool and Trade Finance tutorials.
Identify opportunities to reduce exposure, where possible, by automating the reporting of L/Cs and identifying GAPS and process improvements.
Develop, maintain and update Leadership reporting packages to provide ongoing information on outstanding instruments, by Business, Bank, country Bank fees, metrics trends and opportunities for improvement.
Perform ad-hoc analysis, as required, for special projects related to Contingent Liabilities
Document and maintain detailed SOPs for all processes (i.e., Bank Guaranty requests, Business Continuity Process, Fee Payments to Banks and charge back to Businesses).
Flexibility to provide back up support for all other team members.

Qualifications/Requirements:
Bachelor’s degree in finance, accounting, or economics
Minimum of 5 years Trade Finance experience -Letters of Credit, Bank Guarantees and Surety Bonds plus a strong understanding of UCC policies as well as local laws and regulations surrounding Trade Finance. Experience in Finance, Treasury, M&A and Capital Financial Services a plus.

Desired Characteristics:
Strong Knowledge base of Trade finance products and process
Self-Starter who is detail-orientated with strong Microsoft Office, Excel, PowerPoint, Access, and Word skills.
Experience working with Global Businesses and with external Bank focus.
Ability to create and deliver business presentations and communicate effectively to Business Leaders- Strong PowerPoint Skills
Confidence / Assertiveness: strong influencing skills across business functions
Strong analytic skills, excellent in quantitative analysis
MBA Business/ Finance.
Treasury experience in a GE Capital business, joint venture, Corporate Treasury, or with a Bank l/C Group.
High energy and self-motivated, with strong desire to learn, ability to multi-task without getting flustered in a fast-paced environment.
Adaptable/flexible: being open to change (positive or negative) in response to new information, different or unexpected circumstances, and/or working in ambiguous situations.

Locations: United States; Connecticut; Norwalk

GE offers a great work environment, professional development, challenging careers, and competitive compensation. GE is an Equal Opportunity Employer . Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.

GE will only employ those who are legally authorized to work in the United States for this opening. Any offer of employment is conditional upon the successful completion​ of a background investigation and drug screen.


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