Senior Trade Finance Analyst
Petroineos Trading Limited is a trading and refining joint venture between INEOS and PetroChina International (London) Company Limited founded in 2011, with its headquarters based in London. The trading activity is structured around asset-driven and entrepreneurial trading teams in Oil, Refined Products, Gas, Power, Emissions and LNG.
As a Senior Trade Finance Analyst, you will work to resolve all matters relating to Letters of Credit, as well as maintaining key banking relationships and supporting on a wide range of Treasury activities.
As a Senior Trade Finance Analyst, you will work to resolve all matters relating to Letters of Credit, as well as maintaining key banking relationships and supporting on a wide range of Treasury activities.
Key Responsibilities
- Liaise and coordinate with various parties to resolve all LC matters
- Negotiate LC format, terms and conditions with counterparties
- Verifying LC terms against UCP/ISP to ensure all workability issues are cleared
- Arranging full range of trade finance documentation (Trade loans/Discounting/Re-financing) and processing
- Maintain banking relationships; negotiate competitive bank facilities documentation, terms and rates for the company
- Arranging issuance of bank guarantees, as well as bid and performance bonds in support of purchase and sales trading activities.
- Preparation of invoices and other documentation for payments/discounts
- Processing of cargo and other payments
- Help to set up of new finance structures and negotiate various new financing with internal/ external counterparties
- Recommend, implement and maintain trade finance policies and processes, including Power and Gas trade finance activities.
- Support all other treasury activities
Skills, Knowledge and Expertise
- Degree in Shipping, Trade Finance/Banking/Commercial/Treasury or equivalent
- CDCS qualification will be an advantage
- Demonstrable relevant trade finance experience within a similar trading business or financial institution
- Strong knowledge of UCP 600/ ISBP 2013 EDITION/ISP 98/ICC 522
- Knowledge of trade finance products, mechanisms and risks
- Detailed knowledge on trade processing and operations
- A comprehensive understanding of the regulatory frameworks and compliance requirements associated with financial services and experience of working within these scopes
- Knowledge of European banking processes and procedures desirable
- Advanced analytical, organisational and interpersonal skills
- Advanced spreadsheet and modeling skills
- Excellent collaboration, verbal and written communication skills
- Ability to break down problems into meaningful parts and come to rational and well-thought out conclusions
- Attention to detail and accuracy
- Experience of improving processes
- Ability to adapt quickly to changes in direction
- Internally motivated to seek out answers, generate ideas and develop new skills
- Pro-active and self-motivated attitude
- Ability to work to very tight deadlines
Benefits
The role offers a competitive salary commensurate with experience, as well as the opportunity to be awarded discretionary bonuses based on performance and a comprehensive benefits package including private medical insurance, travel insurance and dental insurance, gym reimbursement scheme, 10% contributory pension scheme, and 25 day yearly holiday allowance.
O Petroineos Trading Limited
Petroineos Trading Limited comprises trading and refining joint ventures between PetroChina International (London) Company Limited and INEOS. Established in 2011, Petroineos is one of Europe’s leading International Integrated Energy Trading Companies.
Our highly experienced teams trade a comprehensive range of energy products, supported by a network of professional teams across the globe, enabling our customers to benefit from our ability to leverage our shareholders’ global network. Trading is carried out by three divisions: Crude, Refined Products, and Low Carbon Solutions.
To discover more about the company, click here.
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