At a Glance
- Tasks: Manage documentary credits and ensure smooth payment processes in commodity trading.
- Company: Respected International Metals Commodity Trading Company based in London.
- Benefits: Hybrid working model, competitive salary, and opportunities for professional growth.
- Other info: Fast-paced environment with a focus on teamwork and problem-solving.
- Why this job: Join a dynamic team and play a key role in international trade.
- Qualifications: 2+ years in a similar role with knowledge of Letters of Credit and commodity trading.
The predicted salary is between 29250 - 35750 £ per year.
Based: London / Hybrid
Our client is a well-respected International Metals Commodity Trading Company based in Central London.
All aspects of achieving successful payment by documentary credit, including most importantly, issuing the documentation for presentation, in line with business policies, procedures & standards, and the conditions of individual contracts and LCs. Working hand-in-hand with the Operators, Traders, Trading Managers, internal departments and LC Advising Banks to successfully present documents and secure payment for each transaction.
RESPONSIBILITIES:
- Review incoming export Letters of Credit for workability, and request LC Amendments where necessary
- Prepare documentation to be presented to banks under sales-side Letters of Credit compliantly and in accordance with UCP600
- Liaise with banks after documentation presentation to ensure smooth negotiation and release of payment promptly
- Ensure all sales invoices are raised in a timely manner, working in accordance with month-end timetables
- Act as a key contact point and problem-solver for any queries/issues relating to technicalities of documentary credits, including a high level of knowledge and experience of applying UCP 600
- Opening Letters of Credit on Supplier where applicable
- Checking documentation received from suppliers and arranging payment of supplier invoices in line with company procedures
- Keeping filing up to date
- General administration as required
- Working with Accounts Dept to assist with month end and audit processes
- Any other tasks as reasonably assigned
KNOWLEDGE, QUALIFICATIONS AND SKILLS REQUIRED:
- Minimum 2 years’ experience in a similar role, ideally at a commodity trading company or commodity trade finance bank
- Commercial understanding of international commodity trading, ideally with experience of metals
- Knowledge of Letters of Credit, UCP 600, Incoterms and invoicing
- Ability to work independently whilst having strong teamwork skills
- Excellent communication skills both orally and in writing
- Full fluency of English (both written and oral)
- Strong attention to detail
- Ability to juggle many tasks concurrently by prioritizing effectively
- Good customer service skills
- IT skills on Microsoft Office Suite, SAP experience would be useful but not essential
Documentary Credits Officer - Commodities in London employer: Richard James Recruitment Specialists Ltd
As a Treasury Operations Specialist at our London-based international commodities trading firm, you will thrive in a dynamic work culture that values innovation and collaboration. We offer a hybrid work structure that not only enhances work-life balance but also provides extensive opportunities for professional growth in the ever-evolving energy market. Join us to be part of a team that prioritises employee development and fosters a supportive environment for meaningful contributions.
Contact Details:
Richard James Recruitment Specialists Ltd Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Documentary Credits Officer - Commodities in London
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We think you need these skills to ace Documentary Credits Officer - Commodities in London
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