Treasury Analyst
Our clients are an Oil Trading house, active in all aspects of sourcing, marketing and trading Crude and Oil Products and related financial derivatives.
Due to continued success from their initial growth, we are actively recruiting a Treasury Analyst to report into the Treasury Manager, responsible for both Trade Finance and Treasury/Cash Management related activities.
The position will be based in London, and will have the following split responsibilities:
DUTIES AND RESPONSIBILITIES:
- Daily cash management for Refining and Trading:
- Monitor and manage daily cash position and cash flows in co-ordination with all internal and external parties involved and in line with Treasury Finance policies.
- Support set-up of cash management and treasury System
- Be primary contact person with banks in respect of daily cash management matters.
- Execute foreign exchange deals on online trading platform.
- Insert and effect other payments not processed by back office
- Authorise beneficiaries in online banking
- Maintain signatory authorisations in electronic banking systems and with banks.
- Documentary credit:
- Manage day to day cash cycle for oil products trading
- Prepare, review and approve Letters of Credit, Letters of Indemnity, bank guarantees.
- Monitor credit limits under PCG / BG in discussion with operations team / supplier.
- Related amendments based on discussion with Group Treasurer/Supply teams and bank/supplier.
- Review credit terms of supply contracts and ensure that group finance compliance Standards are met.
- Check (discuss internally and with supplier) and approve/reject shipping documents
- Presented under LCs; monitor and follow up on LOIs.
- Check LC/BG costs.
- Check receivable LCs and bank guarantees from customers on the group level
- Other:
- Good knowledge of IT
- Prepare monthly treasury reports
- Prepare weekly liquidity statements
- Maintain and assist in implementation of new treasury software and/or electronic banking set ups
- Anticipate and propose solutions to problems arisen from cash management
- Keep abreast of changes in the financial markets.
KNOWLEDGE, SKILLS AND ABILITIES:
- At least 3 years’ of commodity experience with strong preference for Oil Experience
- Experience of cash management.
- Understanding of LC’s, bank guarantees, cash pooling.
- Excellent interpersonal, written and verbal communication skills.
- Ability to work under pressure and meet tight daily deadlines.
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