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Analyst - Trade Finance

Mumbai, India
Closing date
Apr 26, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Main Purpose:
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 initiatives 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 Outlook, Word and Excel
  • Excellent spoken and written English
  • Educational background - Post Graduate in Finance / Masters degree
Key Responsibilities:
  • Issuance of L/C's or Bank Guarantees for our purchases & sales of Crude and Oil Products including negotiation with banks in order to place transactions under bilateral facilities.
  • 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.
  • Ensuring that Risk Management decisions are appropriate, bearing in mind financial/commercial imperatives.
  • Release and stock management, exposure monitoring and weekly m2m of any storage positions.
  • Close co-operation with our Deals Desk personnel to ensure any costs agreed by Trade Finance are allocated correctly to the separately maintained deal Profit and Loss accounts.
  • Close co-operation with our Oil Operations team to ensure that our physical logistical requirements are in alignment with financial and risk considerations
  • Preparation and dispatch 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 dispatch 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
Key Relationships and Department Overview:
• External - Banks, Insurance, Counterparties.
• Internal - Operations, Traders, Contracts, Treasury, Securitization, Accounting & Deals Desk

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