Responsibilities:-

• Issuance of L/C’s or Bank Guarantees 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 despatch 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 despatch of such documents to our trading counter-parts / 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 counter-parts / 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 Singapore/ Geneva/ Johannesburg and other onshore Puma locations

Qualification:-

• 3 – 6 years within a Trading Company / Financial institution having gained a basic understanding of the principals surrounding Trade Finance instruments and their pitfalls would be desirable
• Desirable knowledge on PEPS trading business, Finance, Inco Terms, Basics of LCs etc.
• Well-organized and pro-active, excellent  communication skills, strong coordinating skills, able to demonstrate exceptional  problem solving and the ability to think in a highly logical and critical fashion
• Highly  diligent and sharp eye for attention to details
• Able to take  initiative and  not only  work to, but also set their own  quickly changing deadlines
• A team player, who is able to confidentially adapt their interpersonal approach as the situation demands, able to build strong relations both inter-departmentally and with external stakeholders
• An individual who is not only comfortable but thrives in a high pressure environment
• Proficiency in Microsoft Office applications, particularly Word and Excel
• Excellent spoken and written English

Skills

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