We're recruiting for a top level global commodity trading house with excellent prospects.
Liaise internally with Front Office, Credit, Finance, Legal and Treasury as well as externally with counterparties to coordinate the issuing and receiving of letters of credit, across all commodities traded within the company
Manage all aspects of trade finance; operation of letters of credit, standby letters of credit, bonds and guarantees; monitoring of internal credit line; non-payment risk sell off to banks and insurance companies and declaration of cargo insurance
Maintain and manage borrowing base facilities
Understand, analyse and negotiate sub limits of borrowing base facilities for payment
Assist in the development and optimisation of the entire L/C process, including the development of standardised contract language and L/C proformas and aligning processes across desks and departments
Maintain database of L/Cs and templates and provision of reports
Increase the understanding of letters of credit within all relevant departments.
You will need:
Bachelor’s or higher degree – preferably in Economics/Finance
Experience working in commodity/energy trading either within a Trading House / Utility OR Investment Bank
Good analytical and problem solving skills, with an attention to detail and an ability to prioritise workload
Experience of working with letters of credit, including understanding of international regulatory framework
Flexible and highly motivated team player with excellent interpersonal skills
Good commercial awareness and ideally possess knowledge of energy trading activities
For more details please get in touch with Sarah Stott on +44 (0) 7974 194 008 or firstname.lastname@example.org