Trade Finance Officer

2 days ago

Singapore Trafigura Full time

Main Purpose:
Knowledge Skills and Abilities, Key Responsibilities:
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 stays 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

Key Relationships and Department Overview:
Key Relationships
- Traders
- Operations
- Treasury
- Compliance
- Banks
- Counterparties
- Insurance
- Other finance departments

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