Treasury (Trade Finance)
2 weeks ago
Treasury Executive
Job Responsibility
1. Deal Monitoring & Contract Review
- Maintain and update trade deals in the trade summary spreadsheet for internal monitoring and cash flow planning.
- Ensure that contracts are thoroughly reviewed, finalized, and in proper order before cargo loading or delivery.
- Confirm that appropriate collateral is secured prior to cargo loading or delivery.
- Continuously monitor cargo status to ensure timely payment and address any discrepancies.
2. Counterparty Liaison
- Negotiate payment terms and finance structures with counterparties when required.
- Negotiate and confirm prepayment amount, calculation basis, and value date with counterparties.
- Coordinate with counterparties on FX cost reimbursements and claims.
- Perform bank account verification through calls and emails to counterparties to confirm remittance details.
- Follow up with counterparties on outstanding payments and provide status updates as needed.
3. FX & Treasury Management
- Determine FX fixing dates and obtain provisional quotes.
- Execute FX fixing transactions with banks, ensuring accurate and timely settlements.
- Maintain comprehensive documentation to support settlement processes.
- Monitor the MTM value of outstanding trades and exposures.
- Collaborate with banks to resolve treasury and FX-related payment issues.
4. Banking & Trade Finance
- Negotiate trade facility terms and limits with banks.
- Secure competitive banking fees and charges through effective negotiation.
- Negotiate and finalize LC (Letter of Credit) terms with counterparties and banks for issuance.
- Process LC issuance applications and ensure timely issuance.
- Prepare and verify export LC documents before presentation.
- Liaise with banks for payment processing and trade documentation.
- Handle the opening of new bank accounts and complete due diligence/KYC requirements.
5. Payment Processing
- Prepare payment documents and submitting to the Accounts team for payment processing.
- Liaise with Hong Kong payment team and finance team to ensure accurate payment instructions and documentation.
Requirements:
· Bachelor's degree in Finance, Accounting or a related field.
· Minimum of 5 years of relevant experience in treasury, trade finance, or banking operations.
· Strong knowledge of trade finance instruments, FX transactions, and contract management.
· Excellent negotiation and communication skills with counterparties and financial institutions.
· Highly organized with attention to detail and the ability to manage multiple tasks.
· Proficiency in MS Excel.
· Ability to work under pressure and meet tight deadlines.
· Able to communicate effectively in Mandarin with the Hong Kong team and Chinese banks.
· Prior experience in oil & gas trading or commodity trading environments is highly desirable.
Tell employers what skills you haveExcellent Communication Skills
Treasury
Treasury Management
Trade Finance
Compliance
Financial Analysis
Communication Skills
Banking
KYC
Cash Flow
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