Finance/Trade Finance Manager
GENERAL JOB DESCRIPTION
Finance/Trade Finance Manger’s required for global steel mineral producer and trader. Due to significant growth in the Asian contribution to group turnover, this newly created role will be based from the Singapore office and report to the group COO. Tasked with managing and growing the working capital requirement for the Asian operations you will be an intricate part of this global group.
ABOUT OUR CLIENT
Our client is a global steel mineral producer and trader. With interests in mining and steel production in Europe the Middle East, Africa and Asia they carry stock at both source and destination. They also have a comprehensive logistics arm, are a vessel operator and transport in house and third party cargo. Operating from Singapore, Dubai, London and 30 other offices worldwide, employing 2000 people globally, carrying dual end stock holding and a logistics infrastructure they are able to provide their clients with financial solutions which include credit lines, inventory finance, pre-payments and then manage freight market turbulence using COA’s and other hedging strategies.
THE SUCCESSFUL APPLICANT
You will have at least 8 to 10 years in a Banking or Commodity trading background specialising in Trade Finance or Commodity Finance with an in depth understanding of all Trade Finance instruments. It will be a significant advantage if you also have been exposed to Corporate Finance/ Structured Finance, Collateral Based finance, Inventory/Receivables based finance or Credit Insurance wrappers as the company want to grow this source of working capital funding. If you have hands on experience in a global physical commodity trading environment it will be most beneficial.
You will be an intricate part of the executive team and due to the flat organisational structure you will be the central point of contact for all functions of the business which include the banks, traders, logistics, operations, finance and risk management hence being able to multitask, think on your feet and work without clearly defined structures is essential.
JOB DESCRIPTION
The first part the role will involve managing and executing the funding of the working capital requirement for the trades that have been executed by the traders. This will include the usual elements of managing the execution of the trades done by matching the consistency of the roll out of the trade with the LC terms and conditions, the timeous issue of the LC’s, ensuring that adherence with any other specific contractual requirements are met, driving the timeous funding by banks, preparation and presentation of bank documents and overall risk management.
The second part of the role will involve expanding the group’s banking relationships, network and sourcing product range regarding access to trade capital resources initially banks in Singapore and subsequently more broadly in Asia. Particular focus will be on product development and will include amongst other sources of working capital funding Corporate Finance/ Structured Finance, Collateral Based finance, Inventory/Receivables based finance or Credit Insurance wrappers.
REMUNERATION PACKAGE
Competitive International Package on offer.
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