Trade Finance Officer at Progressive Credit in Nairobi, Kenya

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    Trade Finance Officer

    Progressive CreditNairobi, Kenya

    Posted

    1 week ago

    Apply by

    28 Aug

    Full Time
    On Site
    Mid
    Banking, Insurance & Financial Services
    Accounting, Auditing & Finance

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    Job Description

    To support the growth and efficient administration of Trade Finance and Bank Guarantees by processing transactions, coordinating with banks and branches, ensuring compliance, and maintaining accurate records.

    Key Responsibilities

    • Process trade finance transactions
    • Coordinate with banks and branches
    • Ensure compliance with regulations and internal policies
    • Maintain accurate records

    Required Qualifications

    • Bachelor's degree in Finance, Banking, Business, Accounting, Economics, or related field
    • 3+ years' experience in banking, microfinance, credit, SME banking or Trade Finance
    • Experience in Bank Guarantees, Bid Bonds or related trade finance products is highly desirable
    • Knowledge of KYC/AML, credit assessment and financial documentation

    Job Details

    Job Function

    Accounting, Auditing & Finance

    Minimum Experience

    3 years

    Education Level

    Bachelor’s Degree

    Area of Study

    Business

    Field of Study

    Finance

    Additional Information

    How to Apply: Send your application to careers@progressivcr.com.

    Master the Bank Guarantee Lifecycle

    Trade finance roles live on precision and compliance. Hiring managers will probe how well you understand the mechanics of guarantees, from issuance to claims, and how you handle the paperwork under pressure.

    1. Map your guarantee experience: On your CV, list every bank guarantee or bid bond you've processed, including the types (performance, advance payment, etc.) and the banks involved. Quantify volumes if possible.

    2. Show KYC/AML fluency: Be ready to explain how you've applied KYC/AML checks in your previous roles. Mention any specific regulations you've worked with, like the Proceeds of Crime and Anti-Money Laundering Act.

    3. Prepare a transaction walkthrough: Think of a complex trade finance transaction you handled. Outline the steps you took, the documents you reviewed, and how you ensured compliance. This shows your process thinking.

    4. Brush up on UCP 600 and URDG: These are the core rules for letters of credit and demand guarantees. Even if you haven't used them daily, knowing the basics will set you apart.

    5. Highlight your coordination skills: Trade finance involves multiple stakeholders: clients, banks, and internal teams. Give examples of how you've managed these relationships to get deals done.

    6. Know the microfinance angle: Since the company is in microfinance, understand how trade finance products can serve SMEs. Be ready to discuss how you'd assess creditworthiness for smaller businesses.

    7. Prepare for scenario questions: Expect questions like 'What would you do if a client's documents don't match the letter of credit?' Have a clear, compliant answer.

    8. Show your attention to detail: Trade finance is document-heavy. Bring examples of how you've caught errors or prevented discrepancies in your past work.

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    Tags

    Trade Finance
    Bank Guarantees
    KYC
    AML
    Credit Assessment