Trade Finance and Loans Officer
Website Phoenix Petroleum Philippines, Inc.
Job Requirements:
- Bachelor’s degree holder
- Excellent communication and negotiation skills
- Proficient in Microsoft Office applications (Excel, Word, PowerPoint)
- Knowledge of trade products is an advantage
Responsibilities:
- Nominate banks as Letter of Credit (LC) or Stand-by Letter of Credit (SBLC) issuing banks based on trade line availability, supplier preference, prevailing interest rates, and service efficiency
- Obtain necessary verbal and written information regarding LCs or SBLCs and effectively communicate them to both internal and external stakeholders to ensure prompt issuance
- Verify computations and process settlements of LC- and TR-related charges
- Ensure timely issuance of marine insurance policies upon LC issuance and fire insurance policies upon TR booking
- Monitor receipt of negotiation documents for timely supplier payment (conversion of LCs to TRs)
- Nominate banks for Promissory Note (PN) availments based on line availability, prevailing interest rates, and service efficiency
- Regularly update and monitor the following reports: Daily LC-TR-PN Monitoring Report, Daily LC Opening Status Report, and Daily TR/PN Maturities Schedule
- Monitor term loan maturities and funding requirements through the Term Loan Monitoring Report
- Track prevailing interest rates of short-term obligations via the LC-TR-PN ADB Report
- Monitor the company’s foreign exchange exposure through the FX Gain-Loss Monitoring Report
- Assist the Trade Finance Head in providing data and addressing queries related to the annual renewal of credit lines
- Provide updates on the prevailing weighted average borrowing cost
- Reconcile outstanding loan balances with Accounting
- Ensure accurate recordkeeping of outstanding loans in coordination with banks and creditor counterparts
- Assist the AVP–Treasury in negotiating loan terms
- Draft correspondence and other communications related to creditor negotiations
Interested and qualified applicants may send their resume to the HR Department at careers@phoenixfuels.ph.
To apply for this job email your details to careers@phoenixfuels.ph