Shree Lakshmi Gurumurthy
Houston,TX
Summary
Versatile Trade Finance Analyst, with extensive experience working globally in India and USA and with customers in China, Singapore, Middle East,South Korea, Europe and America. Hold a Certified Documentary Credit Specialist certification and graduated MBA with a GPA of 3.96. Demonstrates strong analytical, communication, and teamwork skills, with proven ability to quickly adapt to new environments. Eager to contribute to team success and further develop professional skills. Brings positive attitude and commitment to continuous learning and growth.
Overview
16
16
years of professional experience
1
1
Certification
Work History
Trade Finance Analyst
Tauber Oil Company
2021.07 - Current
- Establish amicable working relationships with customers, vendors, banks.
- Fluent in English and 2 other Indian languages and communicate with customers in their local language to establish rapport.
- Proactively communicate with Treasury Manager, Operations manager and forecast potential pitfalls in the product lifecycle
- Provide leadership with respect to standards such as UCP and Industry standards
- Amicably resolve issues arising due to delayed payments, shipment of cargo.
- Ensuring all contractual terms are mutually agreed with counterparties and implemented in the spirit of the contract
- Import Letter of Credit issuance, Export Letter of Credit, shipping documents Management.
- Coordinating with freight forwarders, brokers, agents, vessel owners and surveyors to finalize shipping documentation and LOI
- Following up for the past dues, reconciling the charges.
- .Provided expert guidance on complex trade transactions, enabling clients to achieve their strategic objectives.
- Improved client satisfaction by providing timely and accurate information on trade finance products and services.
- Oversaw timely resolution of disputes related to trade transactions while maintaining strong client relationships.
- Coordinated closely with supply chain teams to facilitate smooth and timely execution of trade transactions, minimizing the risk of financial losses.
- Negotiated favorable terms for letters of credit, increasing profitability and minimizing risk exposure.
- Supported sales teams in securing new business by delivering compelling presentations on the benefits of trade finance solutions.
- Collaborated with cross-functional teams to develop comprehensive strategies for optimizing trade finance operations.
- Enhanced trade finance processes by streamlining workflow and implementing automated solutions.
- Identified areas for process improvement within the department, implementing targeted initiatives that led to increased productivity levels.
- Cross-trained existing employees to maximize team agility and performance.
- Reduced operational costs through comprehensive process improvement initiatives and resource management.
- Fi
- Analyzed customer data such as financial statements to determine level of risk involved for extending credit.
- Reviewed credit reports to comprehensively view borrowers' credit history and identify potential red flags.
- Investigated and evaluated customers for creditworthiness and potential risk factors.
- Reduced past due balances and bad debt by coordinating collection efforts with customer service, sales and billing departments.
- Established a culture of continuous improvement within the credit department, driving process enhancements that increased productivity without sacrificing quality or control measures.
- Awarded with Employee of the month.
Letter of Credit Specialist
deugro (USA) Inc.
2021.03 - 2021.07
- Analyzing the Letter of credit for compliance purposes and prepare risk analysis report for the clients
- Preparing invoices and shipping documents such as, export Bill of Lading (MBL, HBL), commercial invoices, certificate of origin, and Sight Drafts, as per Export or LC requirements
- Analyzing the Letters of Credit for Compliance purposes and preparing a communication for the client addressing points of concern
- Creating all documents as required by the LC
- Communicating with third parties to provide with drafts of the documents required, checking, and approving their documents such as inspection certificates/reports, Bills of Ladings, AWB’s etc
- Working with internal team or manager to check documents created for discrepancies
- Maintaining an event date log for all shipments in order to determine areas of potential improvement
- Approving and posting vendor invoices and bill customers after shipment is complete
- Offering responsive and comprehensive customer service via phone and email
- Accurate, efficient preparation of all required paperwork for delay-free forwarding
- Additionally getting trained in Air freight handling and AES and customs regulations.
- Increased customer satisfaction, resolving disputes and offering payment solutions tailored to individual needs.
- Maintained accurate documentation of all credit-related activities, ensuring compliance with company policies and industry regulations.
- Developed effective relationships with customers, which helped improve overall payment processes.
Banking/Operations Assistant
Vinmar International Ltd
2019.06 - 2020.04
- Auditing of trade details from marketing team with terms and conditions of the sales order and managed the creation of purchase order in the system
- Coordinating with chemical’s logistics team for customer LC to check shipments details with reference to Sales Order, while checking with logistic team for shipment dates of vessel and track the same
- Follow up with banks for confirmations for letter of credits as well as advising banks for the original LC and checking for workable LC with reference to sales order and update to documentation team
- Supporting the Manager by proactively researching and maintaining transaction reports to get payments in time from financial institution during the COVID pandemic
- Served as the single point contact for documents valued more than $3M, as well as for back office and financial institution for accuracy, and ensuring strict compliance will all policies and procedures of the company
- Increasing team productivity by producing daily spreadsheets summarizing exceptional transactions for further review
- Performing activities beyond the assigned role and received positive comments for problem solving in critical situation
- Handling Documents (Transactions for chemicals) valued more than USD 20 million in one month efficiently and accurately
- Rapidly handling LOI issued documents, creating processes to streamline timely Banking Documents, and making MIS
- Coordinated processing activities with multiple stakeholders to smooth the process and improve efficiencies
- Filing department-related documents in a systematic way and ensured all account-related documents and other internal records were in order and properly filed on time
- Follow up with banks for confirmations of Letters of Credit and coordinated with company's back-office in Mumbai, India for final or transport documents to present clean documents that complied with Letters of Credit
- Liaise with the bank to fix and correct documents discrepancies and resolve issues related to payments as well as ensured timely submissions to save the company demurrage and detention charges
- Contributed to the crises team during COVID to enhance the business and supported manager by proactively researching and maintaining transaction reports to get payments in time from financial institution during the COVID situation
- Served as the single point contact for documents valued more than $3M as well as increased team productivity by developing data analysis reports about transaction values with banks to reduce discount charges
- Increased team productivity by proactively producing monthly spreadsheets summarizing exceptional transactions for further review and generated reports for upper management with KPIs and metrics for operation decision support.
Trade Documentation Specialist Officer
Royal Bank of Scotland
2008.10 - 2010.05
- Served as a member of the document checking team responsible for receiving trade documents from the front office and creating reference numbers and sequencing for handling documents for international banks
- Checked various sales documents such as invoices, packing lists, or weight lists, transport documents such as bills of lading, airway bills, or courier receipts, inspection certificates, and certificates of origin
- Recorded discrepancies and suggested corrective measures to those presenting documents as well as reviewed, analyzed, and scrutinized presented documents for sanctioned countries and escalated as appropriate
- Helped other team to meet deadlines and was honored with a bronze ovation for this accomplishment, proactively learned the bill booking process and completed trainings in bank-to-bank reimbursements and L/C advising
- Kept abreast with current industry standards and technologies by self-training and actively contributing to study groups
- Successfully obtained CDCS certification that validated knowledge and experience for documentary credits, obligations or roles between parties, payment/credit methods, trade terms, types of transport, and financial transaction documents
- Gained knowledge of risk analysis, types of risk, and related products such as letters of indemnity, airway releases, and stream ship guarantee and regulatory requirements for different geographies.
Education
Master of Business Administration -
Texas A&M, Corpus Christi
Bachelor of Engineering in Computer Science -
Anna University, India
Skills
- Knowledge of Freight and Cargo handling
- Trade finance and Financial Review Expertise.
- Trade Operations Management
- Letter of credit management
- Exceptional Customer Service Skills
- Thrive in Fast-Paced & High-Pressure Environments
- Organizational & Time Management
- Quality Assurance & Regulatory Compliance
- Clear communication and influencing skills.
Certification
Certified Documentary Credit Specialist, BAFT, 05/2018
Timeline
Trade Finance Analyst
Tauber Oil Company
2021.07 - Current
Letter of Credit Specialist
deugro (USA) Inc.
2021.03 - 2021.07
Banking/Operations Assistant
Vinmar International Ltd
2019.06 - 2020.04
Trade Documentation Specialist Officer
Royal Bank of Scotland
2008.10 - 2010.05
Master of Business Administration -
Texas A&M, Corpus Christi
Bachelor of Engineering in Computer Science -
Anna University, India
Certified Documentary Credit Specialist, BAFT, 05/2018
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