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Xinhan SHEN

SHANGHAI

En résumé

Mes compétences :
Structured trade finance
Trésorerie
Cash management
Lettre de crédit
Gestion du risque
Discounting

Entreprises

  • Castor Petroleum Ltd - Treasury & Trade Finance Officer

    2007 - maintenant (Swiss oil trading and shipping company, has facilities and offices in USA, Panama & China)
    Responsibilities in Trade Finance:
    • Allocate transactions to financing banks, optimize line utilization and reduce financing costs
    • In charge of daily bank position & PNL reporting
    • Negotiate import Letter of Credit and LOI wording; ensure the issuance in time
    • Ensure workability of export Letter of Credit and purchase confirmation
    • Collateral review with financing banks and ensure correct collateral applied to each deal
    • Manage company's exposure through daily communication with financing banks, internal departments and external counterparties
    • Ensure financial security for each shipment in good order before giving the approval to load and discharge to the operations team
    • Review purchase and sale contracts
    • Participated in a storage and terminal credit facility project by inviting a consortium of financing banks; established and managed weekly positions and reporting system
    • Successfully trained a summer intern on trade finance skills who has been employed by Gunvor Group after graduation

    Responsibilities in Treasury:
    • Manage legal, banking and admin issues of Beijing Representative Office in China
    • In charge of company's cash movement and liquidity; monitor exposure and transactions
    • Manage cash positions and forecasting in multiple currencies and ensure sufficient cash to cover payments
    • Improved bank position and cash forecast reporting system
    • Manage group's internal financing between headquarter and subsidiary
    • Execute payments, check incoming funds; bank account reconciliation
    • Foreign exchange deals executions
    • Manage bank accounts, loans and deposits
    • Review daily hedge position on futures, options and FFA, instruct payment on margin call; position funds in case of an excess margin
    • Support to internal and external auditing
    • New counterparties registration

  • Gunvor SA - Trade finance officer

    2007 - maintenant (Belongs to Gunvor Group -World's 5th largest oil trader and logistic service company)
    • Manage company's exposure through daily communication with financing banks, internal departments and external counterparties
    • Evaluation and analysis of counterparties and price risks, mitigate the risks by using different risk cover tools
    • Collateral review on export LC, silent covers, insurance and ensure correct collateral applied to each deal by our banks
    • Negotiate risk cover and discounting conditions with banks, coordinate regular and quarter end sales invoices discounting
    • Support traders and operation teams on documentary and trade finance issues
    • Designed a more efficient bank credit utilization reporting system and consolidated global reporting system
    • Ensure successful integration of Castor's trade finance activities into Gunvor Group 
    • Obtained a facility of $40M clean line from a Swiss bank for fuel barge transactions
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