Prax Group - Houston, TX
posted 2 days ago
Houston, TX
Merchant Wholesalers, Nondurable Goods
About the position
The Prax Group is a multinational independent refining, storage, distribution, and sales conglomerate dealing in crude oil, petroleum products and biofuels, headquartered in London. Our ability to deliver innovative customer solutions across the world has secured our reputation as a leading presence in the global energy market. Our mission is to conduct business responsibly, placing excellence, integrity, and philanthropy at the heart of everything we do. We are now looking to recruit a Trade Finance Manager for our Houston office.
Responsibilities
- Prepare weekly borrowing base
- Review and negotiate bank documentation of existing financing facilities
- Be responsible for LC issuance, and LC confirmation business
- Minimize financing costs through negotiations
- Review contracts and tender documents in order to identify and address finance related requirements
- Be a source and point of contact for commercial teams to provide advice and guidance on financing costs and availability of various financing tools
- Participate in and manage ad hoc structured finance projects
- Review and pro-actively assist in creating new and/or updated internal finance procedures to keep up with best practices
- Prepare various information and reporting packages for banks and financing partners covering business, operational, financial and other information required
- Prepare trade contracts
- Manage daily bank operations and funding requirements
- Prepare cash flow projections
- Work with the legal team to execute contracts, NDA's, banking documents and any other required documentation
- Manage credit relationships with our trade counterparties
- Prepare documentation for credit team to review
Requirements
- Bachelor's degree in Accounting
- 15 years of Treasury and Trade Finance experience including cash management, debt management and cash forecasting analysis
- Bank covenant reporting and compliance experience
- Experience utilizing online bank platforms
- Experience setting up cash pooling
- Experience in bank facility and other finance documentation negotiation
