WOOD is hiring for Treasury Trade Finance Lead based at Gurugram Location.
The key purpose of this role is to manage the operation of the Group’s Trade Finance requirements, primarily its Receivables Facilities (both external and internal) and its Guarantee Facilities.
With Wood Group’s international footprint, trade finance plays an important role in the company’s ability to trade effectively internationally. The receivables facilities also provide flexibility of funding and efficient utilisation of the company’s assets.
The holder of this role will need to manage the complex requirements of these facilities and work with others in the Group to maximise utilisation.
There will also be a requirement to support other activities within the Treasury Department.
- *Receivables Finance Facility Management**
- Work with a shared services team and various business units to manage the Group’s receivable finance facility.
- Ensure reporting both internally and externally is accurate and delivered in a timely manner
- Regular meetings with both businesses and provider to ensure maximum utilisation
- Act as subject matter expert for Group’s receivable facility and engage with various stakehodlers
- Act as the point of contact for receivable finance queries internally for Group
- Develop full understanding of the underyling legal agreements and working knowledge of applicable contracts
- Ability to review and confirm charging structure for the facility
Work with Treasury, Business Unit’s and FSSC to assist with the establishment of any new Receivables Facility being negotiated,
- *Bonding \& Surety Operations**
- Act as a key contact with facility banks for trade finance and guarantees
- Management of full guarantee issuance lifecycle
- Review and assist with implementation of bank arrangements to issue guarantees / bonds
- Main trade finance, bond and guarantee contact for Europe, Middle East, India and CIS, managing guarantee issuance and subsequent management for this region
- Provide advice on appropriate banks and wording to use
- Coordinate reporting of all Bonds/Guarantees and cash collateral positions for Treasury centrally
- Manage monthly bond forecasting process with businesses
- Ensure business compliance with Treasury policies
- Assist with bond/guarantee system developments and any new system implementation/amendments
Act as support for recharging of guarantee fees internally
- Assist with Treasury related projects where necessary.
- Administrative cover for the Head of Trade Finance and Risk Management when out of the office.
Qualifications
- 5\+ years’ experience in a treasury function in a geographically widespread industrial organization.
Knowledge of
- How the business in the relevant regions deliver and can add value to the Group.
- Corporate governance and values framework.
- Awareness of external factors and their impact on the Group’s strategy and success.
Experience
- Trade finance instruments and their use in an international corporate environment
- Management of bank guarantees
- Knowledge and ideally experience of receivable finance facilities/solutions
- Working in a multinational corporation or business
Personal Attributes
- Independent and proactive professional who also works well as a team\-player.
- Effectively communicates and connect with both internal and external business partners.
- Consistently model and lead on the Group’s values.
- Professional manner and ability to manage fast changing priorities.
Ability to
- Generate trust and credibility with audiences through continuous, open and consistent communication.
- Continually seeking improved processes with a particular focus on improving quality and effectiveness.
- Work effectively across different cultures