Knowledge, Skills and Abilities
Min 5 years within a Trading Company / Financial institution having gained a good understanding of the principals surrounding Trade Finance instruments and their pitfalls.
Fluent English, additional language is a plus.
Attention for detail but with capacity to summarize information and understand “global picture”.
Ability to communicate in a clear and concise manner both externally and internally including reporting to finance senior management from time to time.
Good logical and analytical skills
The Officer needs to be proactive, establish positive relationships with banks, match each deal with the best bank’s profile, negotiate rates, have cost awareness
Capable of handling complicated transactions and getting banks comfortable outside of standard procedures :
e.g.how to finance it, how to engage with banks, interaction with operations, establish banking facilities
Problem solving and innovator: the Officer challenges the trader’s financing structure proposals by suggesting improvements
Experience and level of confidence: reactive and remains calm under pressure
Establishing a good communication network to keep informed about various stages of trade flow during the life cycle of a trade
Understanding of various risk involved in day to day operations and good understanding of INCOTERMs
Key Responsibilities
Weekly monitoring and mark to market of any stock positions
Ensuring timely processing of payments together with running cash positions with the banks
Risk covering sales where necessary with banks and/or insurance
Review and Issuance of L/Cs or Bank Guarantees for the group purchases of commodities
Analysing financing requirements and negotiating with banks in order to place transactions under Borrowing bases, bilateral facilities or Repurchase agreements.
Monitoring of utilisation and decision making for financing optimization
Negotiation and Documentation of such financing facilities instruments
Preparation and dispatch of invoices and original documents for payment under documentary letters of credit received from buyers.
Finding and structuring the most appropriate and cost-effective banking solutions for physical trading activities
Controlling and monitoring risks related to the daily purchases and sales of Commodities
Handling new trades and flows in close coordination with commercial and operations departments
Acquiring bank lines and/or establishes new banking relationships (entities, products) as and where necessary.
Participating in the training of junior team members
Assessing physical transactions for risk and compatibility for relevant financing facility
Reporting on credit/performance exposure and risk related to finance management
Handling all aspects of LCs and collections
Reviewing and approving spot and term contracts and tenders for finance associated risks
Competencies
Collaborates
Communicates effectively
Plans and aligns
Optimises work processes
Key Relationships
Traders
Operations
Treasury
Compliance
Banks
Counterparties
Insurance
Other finance departments
Department Overview
Our Trade Finance team plays a crucial role in facilitating our global trading operations, ensuring seamless funding for our commodity flows while optimizing costs and mitigating potential risks, contributing significantly to Trafigura's ability to execute large-scale transactions efficiently across diverse markets and regions.
Equal Opportunity Employer
We are an Equal Opportunity Employer and take pride in a diverse workforce! We do not discriminate in recruitment, hiring, training, promotion or other employment practices for reasons of race, colour, religion, gender, sexual orientation, national origin, age, marital or veteran status, medical condition or handicap, disability, or any other legally protected status.