Overview
Main Purpose:
To provide efficient finance operations and risk management for our international trading requirements.
Knowledge, Skills and Abilities:
– At least 2-3 years within a Commodity Trading Company / Financial institution having gained a basic understanding of the principals surrounding Trade Finance instruments and their pitfalls.
– Broad, deep and demonstrable working knowledge of Trade finance instruments
– Structured LCs, EPBGs, complex structure of financing to meet the company’s import/export needs.
– Understanding of financial terms such as LC/SBLC/EPBG/ LIBOR / Interest Rate Swaps / Bill of Exchange
– General Awareness of world financial systems and commodity trading patterns.
– Well-organized and pro-active, excellent communication skills, strong coordinating skills, able to demonstrate exceptional problem solving and the ability to think in a highly logical and critical fashion
– Highly diligent and sharp eye for attention to details
– Able to take initiative and not only work to, but also set their own quickly changing deadlines
– A team player, who is able to confidentially adapt their interpersonal approach as the situation demands, able to build strong relations both inter-departmentally and with external stakeholders
– An individual who is not only comfortable but thrives in a high pressure environment
– Excellent spoken and written English
Key Responsibilities
– Handling of Trade Finance Instruments (LC/SBLC/Bank Guarantees/BOE..)
– Liaise with counterparties across time zones for contracts, LC documentation and settlements.
– Responsible for tracking daily IRS settlement positions and ensuring P&L reflected correctly
– Liaise with banks for Foreign Currency settlements, provide the instructions and allocate in the system accordingly.
– Liaising with the Reconciliation/Operational Treasury department to ensure all deal related cash flows are recorded correctly and in a timely manner.
– Ensuring Agreements in place for monthly offset procedure and reconcile the current positions with Accounting.
– Close co-operation with our Deals Desk/ Accounting personnel to ensure any costs agreed by Trade Finance are allocated correctly to the separately maintained deal Profit and Loss accounts.
– Ensure loans and deposits with financial institutions are properly recorded, attributed, tracked and maintained.
– Provide support in generating business reports and activity analysis.
Key Relationships
– Trade Finance Teams across regions
– Deals Desk
– Accounting
– Bank Reconciliation Team
– Operational Treasury