Trade Finance Specialist

4 weeks ago


Houston, United States The Ladders Full time
Job Type

Full-time

Description

The Trade Finance Specialist will ensure all financing duties are performed promptly, compliant, and effectively. Focus areas will be to improve cash flow, mitigate payments, currency & performance exposure, and maintain compliance with the assistance from our financial partners. A solid understanding of international trade, working with counterparties, and global commodity & currency market dynamics is essential to this role. As a member of the Finance team partnering with internal departments like Risk, Legal, Trading and Operations will determine the success and effectiveness of this role.

Responsibilities:
  • The main point of contact for all trade finance responsibilities and issues including L/C, PU or LOC, AR discounting, etc.
  • Establish a strong working relationship with traders, operations, risk, and legal teams. Proactive communication with all departments.
  • Liaise with banks, and local and overseas counterparts, when necessary, to ensure timely receipt and issuance of financial security, receipt of payments, and delivery of barges/cargoes.
  • Manage cash needs by using factoring or other types of debt financing.
  • Review contract provisions to make sure contractual provisions align with trade finance instrument wording requirements.
  • Maintain current bank relationships by regular communication/updates to banking partners to ensure a cohesive relationship, as well as understanding what areas need developing, improving, etc.
  • Identify and develop new banking relationships that could be established to add to the company's banking portfolio.
  • Perform credit analysis for international banks.
  • Ability to work with stakeholders and manage documentary deficiencies.
  • Contribute to trade finance policy and procedural reviews as appropriate, including proposals to:
o Management team for other systems deemed required for the trade finance role.

o Improve functionality of current in-house processes.
  • Develop and implement new ideas/trade finance products to enhance the day-to-day operation of the trade finance function and improve the efficiency/effectiveness of the department and carry out their implementation.
  • Understand specific country laws and ensure compliance.
  • Prepare ad hoc strategic/financial reports as required.
  • Monitor trade finance-related models in the ERP system.
  • Internal trade finance-related audit, internal trade finance procedure risk control test.
  • Perform other duties as assigned.
Requirements
  • Bachelor's degree in Finance, Accounting, or related field.
  • Master's degree is highly preferred.
  • 5+ years' experience with Trade Finance in an energy commodity trading and/or banking environment.
  • CDCS Certification is highly desired.
  • Must have good technical and practical knowledge of UCP 600, ISP 98, and URR 525.
  • Proficient in Microsoft Office Suite or similar software.
  • High attention to detail.
  • Bilingual in Mandarin and English, specifically the ability to read and write is preferred.
  • Ability to work independently and a true self-starter.
  • Experience working with a global team in multiple time zones.
  • Extremely organized and able to work with large amounts of information.
  • A strong bias for action, moving quickly and efficiently in a trading environment.


Please note we will not sponsor, obtain, and/or petition for temporary visa status (for example, E, F-1, H-1, H-2, L, B, J, or TN) for candidates for this position and/or personnel hired for this position.

We are not accepting unsolicited resumes from third-party recruitment agencies; therefore we will not pay a fee for resumes submitted.

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