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.

1. 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.

1. 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.

1. 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.