Trade Finance Analyst

Posted 11 April by RICHARD JAMES RECRUITMENT SPECIALISTS LTD Featured

Our Client is a successful and established global Commodity Trading company based in London. Due to an increase in workload there is a need to add to the existing Trade Finance team to support the trading business. Your role will be to perform at a highly professional level and to ensure that all financing duties are executed in a timely and effective manner and to aid with the development of the trade finance function in London.

PRINCIPAL DUTIES/RESPONSIBILITIES:

  • Handling of all trade finance issues from start to finish.
  • Liaising with Risk team to monitor trade credit requirements for each transaction;
  • Reviewing of physical contracts ensuring that all contracts are acceptable and that in particular, Credit and Payment clauses are correct.
  • Negotiating LC format, terms and conditions with counterparties with excellent negotiation skills
  • Verifying LC wording against UCP to ensure all workability issues are clear
  • Liaising and coordinating with internal Trading and Operations teams to resolve LC matters
  • Arranging issuance of Bank Guarantees and bid performance bonds for purchase and sales
  • Negotiating Letters of Credits discounting rates, counterparty risk cover and banks confirmations charges etc. with excellent negotiation skills
  • Presenting and processing all documentation under documentary letter of credit or various trade finance products to the banks, e.g. invoice discounting, DLC discounting etc.
  • Maintenance of Trade Finance Tracker sheet - ensuring all relevant deals are entered and updated in a timely manner and that L/C utilization graph is updated.
  • Provide treasury department with information as required enabling them to produce cash flow to forecast and assist in monthly financial analysis and other duties as reasonably required.
  • Assist in other duties from time to time as reasonably required.

REQUIRED QUALIFICATIONS, SKILLS, KNOWLEDGE, EXPERIENCE

QUALIFICATIONS:

  • Successful candidates will be educated to degree level preferably in a Trade Finance, Banking, Commercial, Treasury or Mathematical subject

SKILLS:

  • Advanced analytical and organization skills. Able to break down problems into meaningful parts and come to rational and well-thought out conclusions and to communicate these effectively.
  • Excellent interpersonal and collaboration skills to be a strong team player.
  • Strong verbal and written communication skills.
  • Attention to detail and accuracy.
  • Excellent negotiation and presentation skills
  • Pro-active and self-motivated attitude to seek out answers, generate ideas, and develop new skills
  • Able to work to very tight deadlines but also willing to adapt quickly to changes in direction
  • Internally motivated to seek out answers, generate ideas, and develop new skills
  • IT literate and have good working knowledge of Microsoft packages

KNOWLEDGE/EXPERIENCE:

  • All successful candidates must have at least 5 years’ trade finance experience at a senior level to be considered, preferably obtained with an oil major/commodity house / major bank specialising in crude oil/refined petroleum products trading.
  • Extensive and detailed operational Trade finance processing experience.
  • Comprehensive knowledge of UCP600/ ISBP and URDG758 rules and regulations is essential.
  • Experience in handling Supply Chain Finance products is an advantage.

Required skills

  • Contracts
  • Finance
  • Letters of Credit
  • Trade Finance
  • UCP

Application questions

Are you able to work in London full time without any visa restrictions?
Are you educated to degree level or equivalent?
Do you have work based experience within Commodity Trade Finance?

Reference: 34606849

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