Main Purpose : - To provide efficient finance operations and risk management for our international oil trading activities. Knowledge, Skills and Abilities : - 1 - 6 years within a Trading Company / Financial institution having gained a basic understanding of the principles 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. - Liaising with Bilateral financing bank for financing requirement of specific flows handled by the individual. - Monitoring of loans with various bank and ensuring timely closure. - Preparation of weekly Mark-to-Market position in relation to financing requirement - Maintain regular interaction with banks and provide them update on the lifecycle of trade which they are financing - 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 our Treasury Desk and Settlements team personnel to ensure cargo payments are executed in a timely manner. - Ensuring timely processing of Cargo payments together with managing cash positions with the Banks. - 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. - Managing discounting, confirmation and bank risk cover for various sales - Closely liasoning with teams in locations like Singapore/ Geneva/ Johannesburg etc Key Relationships: - External - Banks, Insurance, Counterparties. - Internal - Ops, Traders, Contracts, Treasury, Securitisation, Accounting &amp; Deals Desk

Mumbai

Trafigura - Analyst - Trade Finance  

Trafigura - Analyst - Trade Finance   ,Job Description for Trafigura - Analyst - Trade Finance   in Trafigura Global Services Pvt Ltd in  Mumbai for (1-6) years of experience. Apply Now!

Job Description for Trafigura - Analyst - Trade Finance   in Trafigura Global Services Pvt Ltd in  Mumbai for (1-6) years of experience. Apply Now!