Trade Finance Officer
hace 2 días
**Main Purpose:**:Seek financing for company daily operations ensuring timely issuance of financial instruments such as Stand-by LCs and Documentary LCs. Developing a commercial relationship with financing banks.
In addition, the Trade Finance Officer will be responsible of controlling and monitoring non-payment and performance exposure to third parties.
**Knowledge Skills and Abilities, Key Responsibilities:**:_Knowledge and Skills:
- Around 2 years or equivalent preferably within a Trading Company / Financial institution having gained a basic understanding of the principals surrounding Trade Finance instruments and their pitfalls.
- Basic knowledge of accounting systems
- Good working knowledge of Microsoft Office products (particularly Excel)
- Accurate & precise
- Highly numerate and analytical
- Highly motivated, able to ensure tight deadlines
- Team Player
- Fluent English (written/verbal)
- Key Responsibilities:
- Issuance of L/C’s for our purchases and requesting L/Cs for our sales of Oil products to facilitate transactional finance.
- Control counterparties payment exposure and authorize product delivery if financial securities are in place.
- Liaising with Banks in order to finance the transactions and being able to answer all relevant questions from the bank with regards to timing and security.
- Checking of contracts for workability from finance perspective.
- Checking Letters of Credit received in our favor and requesting amendments as necessary.
- Weekly monitoring and reporting of product in storage for financing purposes with our different banks.
- Close co-operation with our Deals Desk personnel to ensure any charges agreed by Trade Finance are allocated correctly to the separately maintained deal Profit and Loss accounts.
- Ensuring timely processing and reviewing of product payments, as well as possible invoice discounting.
- Preparation of various volume reports for management and banks.
- Keeping the in house system updated with information regarding the trades being financed
**Key Relationships and Department Overview:
About Us
Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. At the heart of global supply, Trafigura connects the world with the vital resources it needs. Through our Oil & Petroleum Products, Metals and Minerals, and Power and Renewables divisions, we deploy infrastructure, skills and a global network to move commodities from where they are plentiful to where they are needed most, forming strong relationships that make supply chains more efficient, secure and sustainable.
Trafigura also owns and operates a number of industrial assets including a majority share of global multi-metals producer Nyrstar and fuel storage and distribution company Puma Energy; and joint ventures Impala Terminals, a port and logistics provider, and Nala Renewables, a power and renewable energy investment and development platform. With over 1,000 shareholders, Trafigura is owned by its employees and employs over 13,000 people working in 48 countries.
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