Senior Manager Finance
JOB DESCRIPTION
1) Documentation;
- Review sales & purchase contract.
- Managing Trade Finance activities including L/C advising, confirmation, bill discounting, L/C issuance, bank guarantee, Documents Collection, Remittances of Inward/Outward and internal transfers, etc.
2) Banking;
- Liaising with Bank’s operations & sales team for timely opening of LCs.
- Discounting of Export LCs and related work
- Prepare Documentation required for other payment terms like DA, DP or CAD
- Maintaining bank positions indicating the line utilization & availability. Planning on the optimal utilization of credit lines from banks and cash flow management.
- Tracking trade AR/AP and monitoring cash inflows and outflows to ensure timely receipt and payments of trade invoices.
3) MIS Works;
- Maintain and update MIS as per Management’s requirements.
- Cash flow monitoring, supporting the preparation of AOP for the business unit, review of costing and preparation of necessary documentation for internal approvals.
- Detailed presentations of daily, weekly & monthly reports for the team. Providing support to accounts teams to supply data.
4) Risk Management:
- Track and Perform Risk analysis of the daily trading position, P&L report , MTM and ensure internal control processes to ensure timely and correct P&L and risk reporting.
- Responsible for Onboarding and KYC clearances of counter-parties and monitoring credit exposures to the same.
- Must be able to apply knowledge of Regulatory requirements regarding Trade Finance and deals with banks and regulatory authorities.
- Investigate on any errors/ discrepancies with transactions including settlements with banks
CANDIDATE REQUIREMENTS
- CA/CFA/ACCA by education
- Knowledge on Bulk Commodity Trading
- Hands on knowledge on Letter of Credits, Shipping Terms, Shipping Documents
- Basic Knowledge in Chartering, Marine Insurance, Charter Party Liability Insurance
- Hands on knowledge of banking terms and banking documentation
- Hands on knowledge of accounting
- Hands on knowledge of Derivatives Trading on platforms like SGX, CME, ICE, DCE.
- Work Experience of 15 years or more in a Bank or Commodity Trading Company is needed.