Trading company with dynamic operations requiring daily "must-do" responsibilities.

• Review daily exposure for all upcoming deals to secure all sales that exceed credit limit or need to be fully covered.
• Maintain a good relationship with operators and traders to understand any changes in deals to minimize any exposure.
• Request counterparties to issue collateral such as Standby Letters of Credit, Documentary Letter of Credits and/or prepayments in order to keep and maintain an acceptable risk. Review workability of the LCs as per contract and UCP 600/ISP98.
• Issuance of Letter of Credit as per contractual obligation by preparing LC draft, liaising with bank on issuance and discounting arrangement, if any.
• Daily review of outstanding LCs, ensure that deal is invoiced on time and monitor funds are in prior to expiry date.
• Prepare documents to be presented under documentary letters of credit, ensure documents are compliant with LC and UCP 600, and resolve any discrepancies raised by the bank. Monitor funds received under LC.
• Assist with Monthly Domestic Crude Netting and send net exposure to credit managers for approval or request LC as needed.
• Review payment guarantee agreements, prepare documents to be sent to the bank and monitor funds for repayment to banks.

• 5+ years experience in Trade Finance, in the Finance, Back Office or Operations Department of a commodity trading organization.
• Proficient in Microsoft Excel. Understanding of UCP 600, ISP 98 and Incoterms 2000.
• Proven ability to perform detail oriented tasks, meet deadlines.
• Effective and professional communication skills with customers and all levels of personnel.
• Finance / Accounting degree.
• Only candidates allowed to work in the US without requiring visa sponsorship will be considered for this position.