The Prax Group is a multinational independent refining, storage, distribution, and sales conglomerate dealing in crude oil, petroleum products and biofuels, headquartered in London. Our ability to deliver innovative customer solutions across the world has secured our reputation as a leading presence in the global energy market. Our mission is to conduct business responsibly, placing excellence, integrity, and philanthropy at the heart of everything we do.
We are now looking to recruit a Trade Finance Manager for our Houston office.
In this role, you will manage trade finance, financing arrangements and cash for day-to-day activities. You will also maintain banking relationships and credit facilities. You will be repairing all required reporting for management and banks.
Principal Responsibilities
Prepare weekly borrowing base
Review and negotiate bank documentation of existing financing facilities;
Be responsible for LC issuance, and LC confirmation business
Minimize financing costs through negotiations.
Review contracts and tender documents in order to identify and address finance related requirements;
Be a source and point of contact for commercial teams to provide advice and guidance on financing costs and availability of various financing tools
Participate in and manage ad hoc structured finance projects;
Review and pro-actively assist in creating new and/or updated internal finance procedures to keep up with best practices;
Prepare various information and reporting packages for banks and financing partners covering business, operational, financial and other information required
Prepare trade contracts
Manages daily bank operations and funding requirements.
Prepare cash flow projections
Work with the legal team to execute contracts, NDA's, banking documents and any other required documentation.
Manage credit relationships with our trade counterparties.
Prepare documentation for credit team to review.
Qualifications
Bachelor's degree in Accounting.
15 years of Treasury and Trade Finance experience including cash management, debt management and cash forecasting analysis.
Bank covenant reporting and compliance experience
Experience utilizing online bank platforms
Experience setting up cash pooling
Experience in bank facility and other finance documentation negotiation
Personal skills/attributes required:
Self-motivated and proactive.
Effective verbal and written communication and influencing skills.
Full working knowledge of Microsoft Office programmes including Excel
Attention to detail
Knowledge & Experience
15 years of Treasury and Trade Finance experience including cash management, debt management and cash forecasting analysis.