Trade Finance Analyst

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.