Trade Finance Specialist - Houston, United States - Unipec America , Inc

Description

The

Trade Finance Specialist

will ensure all financing duties are performed promptly, compliant, and effectively.

Focus areas will be to improve cash flow, mitigate payments, currency & performance exposure, and maintain compliance with the assistance from our financial partners.

A solid understanding of international trade, working with counterparties, and global commodity & currency market dynamics is essential to this role.

As a member of the Finance team partnering with internal departments like Risk, Legal, Trading and Operations will determine the success and effectiveness of this role.

Responsibilities:

The main point of contact for all trade finance responsibilities and issues including L/C, PU or LOC, AR discounting, etc.

Establish a strong working relationship with traders, operations, risk, and legal teams. Proactive communication with all departments.

Liaise with banks, and local and overseas counterparts, when necessary, to ensure timely receipt and issuance of financial security, receipt of payments, and delivery of barges/cargoes.

Manage cash needs by using factoring or other types of debt financing.
Review contract provisions to make sure contractual provisions align with trade finance instrument wording requirements.

Maintain current bank relationships by regular communication/updates to banking partners to ensure a cohesive relationship, as well as understanding what areas need developing, improving, etc.

Identify and develop new banking relationships that could be established to add to the company's banking portfolio.
Perform credit analysis for international banks.
Ability to work with stakeholders and manage documentary deficiencies.
Contribute to trade finance policy and procedural reviews as appropriate, including proposals to:
o Management team for other systems deemed required for the trade finance role.
o Improve functionality of current in-house processes.

Develop and implement new ideas/trade finance products to enhance the day-to-day operation of the trade finance function and improve the efficiency/effectiveness of the department and carry out their implementation.

Understand specific country laws and ensure compliance.
Prepare ad hoc strategic/financial reports as required.
Monitor trade finance-related models in the ERP system.
Internal trade finance-related audit, internal trade finance procedure risk control test.
Perform other duties as assigned.
Requirements
Bachelor's degree in Finance, Accounting, or related field.
Master's degree is highly preferred.
5+ years' experience with Trade Finance in an energy commodity trading and/or banking environment.
CDCS Certification is highly desired.
Must have good technical and practical knowledge of UCP 600, ISP 98, and URR 525.
Proficient in Microsoft Office Suite or similar software.
High attention to detail.
Bilingual in Mandarin and English, specifically the ability to read and write is preferred.
Ability to work independently and a true self-starter.
Experience working with a global team in multiple time zones.
Extremely organized and able to work with large amounts of information.
A strong bias for action, moving quickly and efficiently in a trading environment.

Please note we will not sponsor, obtain, and/or petition for temporary visa status (for example, E, F-1, H-1, H-2, L, B, J, or TN) for candidates for this position and/or personnel hired for this position.

We are not accepting unsolicited resumes from third-party recruitment agencies; therefore we will not pay a fee for resumes submitted.

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