Trade Finance Specialist at Levene Energy Group

About the Job

• Facilitate the Issuance of LCs or Bank Guarantees for the company purchases including negotiation with banks in order to place transactions.
• Confirmation of the documentary instructions from Banks to be issued to the vessel inspectors based on the requirements of the export letters of credit.
• Review of trade contracts for all transactions in accordance with company policy and procedure.
• Preparation of deals/transactions profit or loss for pre and post transaction
• Preparation and dispatch of commercial Invoices and Letters of Indemnity (or shipping documents) for payment under Documentary Letters of Credit received from buyers.
• Upon the completion of STS/delivery operation, follow up on the issuance of the documents and in case of any mistakes, organize a re-issuance.
• Follow up with the delivery of the original documents ashore and further dispatch to other locations.
• Close co-operation with the company's Trade and operations personnel(s) to ensure any costs agreed by Trade Finance are allocated correctly to the separately maintained deal Profit and Loss accounts.
• Presentation of the documents required under the export LCs.
• Follow-up with the advising/confirming banks and negotiation and discount.
• Checking of both import and export contracts and requesting for amendments where necessary.
• Negotiation of the wording of import LCs with the suppliers.
• Checking of import documents, including invoices presented by the suppliers.
• Ensure close cooperation with financing and confirming banks in order to guarantee timely execution.
• Should be conversant with DSDP, Term Crude in line with Crude and Product transactions under the oil and gas sector.
• Knowledge of trade transaction in the engineering sector.

Requirements

• Minimum of B.Sc. in Accounting, Finance or related field.
• MBA in Finance is preferred.
• 7+ years’ experience within a Trading Commodity Company/Financial Institution having gained a basic understanding of the principals surrounding Trade Finance instruments and their pitfalls.