Trade Finance Officer – Oil & Gas

Key responsibilities will include but may not be limited to:

• All aspects of import and export Letter of credit transactions, standby letters of credit, bonds and guarantees. Reviewing counterparty invoices against export LC terms for presentation to issuing/confirming or negotiating banks.
• Review purchase and sale contracts to ensure correct credit terms apply.
• Agreeing and arranging discounting of receivables under export LCs
• Dealing with queries relating to counterparty KYC and sanctions checks are necessary.
• Liaise with banks and counterparts when necessary to ensure timely receipt of issuance of financial security, receipt of payments and delivery of cargoes.
• Booking of Trade Finance charges in the internal systems
• Management reporting as required.
• Provide cover in the absence of other members of the Trade Finance team when required.
• Establish good working relationship with traders, operations, financial operations and Treasury teams.
• Agreeing daily OTC margin calls
• Other ad hoc duties as required.

EDUCATION & EXPERIENCE REQUIREMENTS:

• Educated to degree level with a solid academic background.
• Relevant current work-based Trade Finance experience, gained in a trading company or Commodity Bank is a must.
• A sound working knowledge of UCP 600, ISP98 and Incoterms.
• Flexible approach – strong influencing and decision-making skills.
• Ability to inspire teamwork and set high standards.
• Professional, corporate, and keen to improve and build relations.