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
