Trade Finance Executive (Oil)

Role Overview

We are seeking a Trade Finance Executive to support financing and banking activities for physical oil trading transactions. The successful candidate will manage trade documentation, coordinate with banks and internal teams, and ensure financing arrangements and payments are processed accurately and on time.

Key Responsibilities

• Handle trade finance transactions, including letters of credit, standby letters of credit, bank guarantees and documentary collections.
• Prepare and review applications, amendments and supporting documents for submission to banks.
• Check trade documents, including invoices, bills of lading, certificates of quantity and quality, and insurance documents.
• Identify documentary discrepancies and coordinate their resolution with banks, counterparties and internal teams.
• Monitor financing facilities, credit limits, utilisation, payment deadlines and transaction maturities.
• Liaise with banks on document presentations, financing drawdowns, settlements and transaction status.
• Coordinate with Trading, Operations and Finance teams to align financing arrangements with contractual terms and shipment schedules.
• Support cash flow forecasting by tracking expected receipts, payments and financing obligations.
• Maintain accurate transaction records and reconcile bank charges, interest and financing costs.
• Follow internal approval procedures and coordinate required compliance checks with relevant teams.
• Assist in improving trade finance workflows, reporting and documentation controls.

Requirements

• Diploma or degree in Banking, Finance, Accountancy, Business or a related discipline.
• 2 to 3 years of trade finance experience, preferably within oil, petroleum products or commodities trading.
• Practical knowledge of letters of credit, trade financing and shipping documentation.
• Familiarity with UCP 600 and ISBP would be advantageous.
• Experience liaising with banks and handling time-sensitive documentary submissions.
• Strong numerical skills and attention to detail.
• Able to manage multiple transactions independently and meet tight deadlines.
• Good communication and coordination skills.
• Proficient in Microsoft Excel; experience with trading, treasury or ERP systems would be advantageous.