Main Purpose:
Trafigura seeks an expert Trade Finance Officer in Geneva. The successful candidate will thrive in a fast-paced environment, leveraging experience and skills to handle large trading volumes and high-pressure deadlines.
The TF Officer will interact with various internal and external stakeholders, including banking partners and commercial traders, to establish good working relationships and obtain optimal, cost-effective, and innovative financing solutions for Trafigura on an ongoing basis.
Knowledge, Skills and Abilities
* Minimum 5 years of experience within a Trading Company or Financial institution, gained knowledge of Trade Finance instruments and their pitfalls.
* Fluent English; additional language is a plus.
* Attention to detail, but ability to summarize information and understand the global picture.
* Effective communication skills, both externally and internally, including reporting to finance senior management.
* Good logical and analytical skills.
Key Responsibilities
* Weekly monitoring and marking-to-market of stock positions.
* Ensuring timely processing of payments and managing cash positions with banks.
* Risk covering sales, as necessary, with banks and/or insurance.
* Review and issuance of Letters of Credit (L/Cs) or Bank Guarantees for group purchases of commodities.
* Analyzing financing requirements and negotiating with banks to place transactions under Borrowing bases, bilateral facilities, or Repurchase agreements.
* Monitoring utilization and decision-making for financing optimization.
* Negotiating and documenting financing facility instruments.
* Preparing and dispatching invoices and original documents for payment under documentary letters of credit received from buyers.
* Finding and structuring the most appropriate and cost-effective banking solutions for physical trading activities.
* Controlling and monitoring risks related to daily purchases and sales of commodities.
* Handling new trades and flows in close coordination with commercial and operations departments.
* Acquiring bank lines and/or establishing new banking relationships (entities, products) as needed.
* Participating in the training of junior team members.
* Evaluating physical transactions for risk and compatibility with relevant financing facilities.
* Reporting on credit/performance exposure and risk-related to finance management.
* Handling all aspects of L/Cs and collections.
* Reviewing and approving spot and term contracts and tenders for finance-associated risks.
Competencies
* Collaborates.
* Communicates effectively.
* Plans and aligns.
* Optimises work processes.
Key Relationships and Department Overview
Key Relationships
* Traders.
* Operations.
* Treasury.
* Compliance.
* Banks.
* Counterparties.
* Insurance.
* Other finance departments.
Department Overview
Our Trade Finance team plays a crucial role in facilitating our global trading operations, ensuring seamless funding for commodity flows while optimizing costs and mitigating potential risks, contributing significantly to Trafigura's ability to execute large-scale transactions efficiently across diverse markets and regions.