To provide efficient finance operations and risk management for our international oil trading activities.
Knowledge Skills and Abilities, Key Responsibilities:
2+ years within a Trading Company / Financial institution having gained a basic understanding of the principals surrounding Trade Finance instruments and their pitfalls would be desirable
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
Proficiency in Microsoft Office applications, particularly Word and Excel
Excellent spoken and written English
Key Responsibilities:
Issuance of L/C’s or Bank Guarantees for our purchases of Crude and Oil Products including negotiation with banks in order to place transactions under bilateral facilities.
Presentation of documents under LC and engaging in constant dialogue with banks and internal stakeholders to clear the docs for payment and should be able to refute or negotiate with banks on discrepancies if not valid
Review of contracts for all transactions in accordance with company policy and procedure
To check and approve cargo loadings and discharges whilst ensuring contractual obligations are met without exposing the company to risk or loss.
Risk covering sales where necessary with Banks and/or Insurance.
Release and stock management, exposure monitoring and weekly m2m of any storage positions.
Close co-operation with various external stakeholders (banks / CPs) and internal stakeholders (Operations / DD / Treasury / settlements / Accounting) to make sure requirements are in alignment with financial and risk considerations
Preparation and despatch of Invoices and Letters of Indemnity (or shipping documents) for payment under Documentary Letters of Credit received from our buyers.
The reception / recording and distribution of shipping documents – including the allocation and despatch of such documents to our trading counter-parts / financing banks enabling the prompt cancellation of outstanding LOI’s
The regular chasing of any shipping documents not received in a timely manner from our trading counter-parts / financing banks – thus ensuring that our credit facilities are used to an optimum level.
Ensuring timely processing of Cargo payments together with managing cash positions with the Banks.
Closely liasoning with teams in locations like Singapore/ Geneva/ Johannesburg etc