Specialist Trade Finance

Website Adnoc

Job Description:

Specialist Trade Finance supports trading activities by arranging trade finance and banking instruments necessary to secure commodity trades and financing activities.

Job Responsibilities:

  • Negotiate with the counterparties on the wording in trade finance documents in order to ensure consistency of the format used by the company.
  • Provide timely updates to banks on status of cargo movement/shipment schedules to ensure adherence to banking covenants.
  • Monitor and update daily cash forecasts and banks’ facilities’ limits and utilization.
  • Collect, validate and prepare documents (Pledge agreement, LG, SBLC, LC etc.) required to obtain trade funds and ensure documents are correctly dispatched to relevant counterparties as per the deal structure.
  • Timely communicate to internal & external counterparties on confirmation of trade funds to minimize delays and operational losses.
  • Continuously communicate with the trading and operations teams and prioritize prompt purchases and sales in order to minimize potential operational losses from delays related to deals financing.
  • Support Trading team providing advice on financing structures and/or cost-related queries raised in transactions.
  • Manage the day-to-day relationships and communications with financing banks on trade finance transactions and provide necessary clarifications on operational issues arise.

Job Requirements:

  • 2+ years in the similar capacity within a trading company preferably with experience in Oil & Gas
  • Bachelor’s Degree in Accounting, Economics, Finance, Banking, Legal or related field.
  • 5+ years in trade finance in commodities trading firm or commodities bank.

Job Details:

Company: Adnoc

Vacancy Type: Full Time

Job Location: Abu Dhabi, United Arab Emirates

Application Deadline: N/A

To apply for this job please visit www.linkedin.com.

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