Verified Job
Accounting - Finance
Trade Finance Officer
Accounting - Finance
#383576
Remote / WFH
Job Description
Montfort is a global commodity trading and related-asset investment company, backed by dedicated investors and managed by a highly accomplished leadership team, with decades of experience in energy, commodity trading, and integrated supply chain & logistics.
More than just transporting energy from areas of excess supply to where the need is, our operations play an essential role in fulfilling the promise of energy and opportunity for all.
Key Accountabilities:
• Issuance of L/C’s, Bank Guarantees, and other financial instruments for our purchases of Crude and Oil Products including negotiation with banks in order to place transactions under bilateral facilities. • Review of contracts for all transactions in accordance with company policy and procedure • To check and approve cargo loadings and discharges whilst ensuring contractual obligations are met without exposing the company to risk or loss.
• Risk 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 (or shipping documents) for payment under • Documentary Letters of Credit received from 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’s • The 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 locations • (Bunkering experience is a must)
More than just transporting energy from areas of excess supply to where the need is, our operations play an essential role in fulfilling the promise of energy and opportunity for all.
Key Accountabilities:
• Issuance of L/C’s, Bank Guarantees, and other financial instruments for our purchases of Crude and Oil Products including negotiation with banks in order to place transactions under bilateral facilities. • Review of contracts for all transactions in accordance with company policy and procedure • To check and approve cargo loadings and discharges whilst ensuring contractual obligations are met without exposing the company to risk or loss.
• Risk 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 (or shipping documents) for payment under • Documentary Letters of Credit received from 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’s • The 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 locations • (Bunkering experience is a must)
