Trade Finance Officer

Job description: Issuance of L/C’s, Bank Guarantees, SBLCs and other financial instruments for our purchases of Crude and OilProducts including negotiation with banks in order to place transactions under bilateral facilities, discounting of the export LCs, adding the bank confirmation, checking the export doc LC presentations etc .Review of contracts for all transactions in accordance with company policy and procedureTo check and approve cargo loadings and discharges including the shipping documents whilst ensuring contractual obligations are met without exposing the company to risk or loss.Checking and validating the new deals entered into the company the systemTracking and updating blocked/prognosed cash cover amount in the systemRisk covering sales where necessary with Banks and/or Insurance.Release and stock management, exposure monitoring and weekly m2m of any storage positions.Close co-operation with our Deals Desk personnel to ensure any costs agreed by Trade Finance are allocated correctly to the separately maintained deal Profit and Loss accounts.Close co-operation with our Oil Operations team to ensure that our physical logistical requirements are in alignment with financial and risk considerations.Preparation and dispatch of Invoices and Letters of Indemnity to the buyers (or shipping documents) for payment under Documentary Letters of Credit covering payment obligations of our buyers.The reception / recording and distribution of shipping documents – including the allocation and dispatch of such documents to our trading counterparts / financing banks enabling the prompt cancellation of outstanding LOI’sThe regular chasing of any shipping documents not received in a timely manner from our trading counterparts / financing banks – thus ensuring that our credit facilities are used to an optimum level.Ensuring timely processing of Cargo payments together with managing cash positions with the Banks.Closely liaising with teams in other onshore Montfort locationsApproval and issuance of post-dated cheques including monitoring of the cheques return by the counterpartiesInitiating discounting of the sales proceeds on open account basis with the finance institutionsProviding constant information to accounting and treasury in terms of incoming/ outgoing payments for corresponding allocation of the funds in the systemMinimum Qualifications:Bachelor’s Degree in Finance, Accounting or similarExperience:Minimum 5 years of work experience Experience in an O&G commodity trading companyBunkering experience is a must

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