The duties amongst other will include;

• Issuance of L/C’s or Bank Guarantees for purchases of Crude and Oil Products, liaising with ops/traders regarding deal specifics and directly with counterparties regarding security documents.

• Liaising with Banks in order to ‘sell the deal’, and being able to answer all relevant questions

• Risk covering sales where necessary with Banks and/or Insurance and checking of contracts for workability from finance perspective.

• Checking of l/c’s, p/u’s, PCG’s etc received

• Close co-operation with our Deals Desk personnel to ensure any charges agreed by Trade Finance are allocated correctly to the separately maintained deal Profit and Loss accounts.

• Allocation of bank charges to individual deals through the company's in house accounting system including the investigation through the bank channels of any charges which do not meet the agreed criteria set when deal initially negotiated.

• Preparation and despatch of Invoices and Letters of Indemnity (or shipping documents) for payment under Documentary Letters of Credit received.

• Maintenance and reconciliation of the company’s issued Letters of Indemnities (LOI’s) for documents relating to global trading activities.

• The reception / recording and distribution of shipping documents, including the allocation and despatch of such documents to trading counter-parts / financing banks enabling the prompt cancellation of outstanding LOI’s

• The regular chasing of any shipping documents not received in a timely manner from trading counter-parts / financing banks, thus ensuring that  credit facilities are used to an optimum level.

• Ensuring timely processing of Cargo payments and freight payments, as well as possible invoice discounting.

• Efficient management and reconciliation of bank recs, ensuring statements are up to date and all entries cleared/matched against in-house accounting records.

Solid experience within a similar environment in a bank or trading company being highly numerate with a strong attention to detail. A knowledge of commodity financing instruments (specifically related to oil) would be a distinct advantage. A strong desire to succeed and willingness to "roll up your sleeves" attitude is required to go alongside a deep technical knowledge of Trade Finance instruments.