Trading Operator

2 weeks ago


Dubai, United Arab Emirates Interface Mines Full time

**Main Purpose**:
Support team of contracts, shipping, and trade finance operations responsible for the safe and timely execution of company’s physical cargo deliveries.

The Operator shall coordinate and/or execute all aspects of the deals and deliveries, as well as assist traders and managers for a safe opening, execution and closing of each transaction, contract, bank security and shipping related action.

The Operator shall also get involved in the day-to-day activities that include:

- Purchase and sale contracts preparation
- Freight/Post fixture operations and their respective charter-parties
- Bank security instruments used for such executions (documentary and standby letters of credits)
- Claims management
- Diligent review of contract, shipping, and bank instruments execution.
- Problems solving

**Knowledge Skills and Abilities, Key Responsibilities**:

- At least 5 years of similar experience in the Oil, Metals, any Dry Bulk cargo, Agri commodities. Other products experience is an added advantage.
- Expert knowledge of oil, coal, metals or agri logistic operations.
- Import and export letters of credits handling (drafting, opening, optimisation and closing) is a must.
- Strong numerical and commercial mindset are very important.
- Good coordination and planning skills to liaise on tight logistics deadlines
- Ability to be flexible and work to deadlines and under pressure.

**Key responsibility**

Reporting to Head of Trade Finance & Operations and coordinating with peers and traders.

1. Contract management: Contract drafting, vetting, optimisation

Contract execution (invoicing, payments, release orders)

Cargo Insurance management (negotiation, declarations, policies renewal)

2. Shipping: Vessel chartering including freight/fixture terms /negotiation and finalisation with trading team. End to end post fixture operations of vessel. Freight differential calculation

3. Documentation including Operations & Execution documentary instructions in adequation with contracts and letters of credit, Coordination with agents, owners, terminals.

4. Insurance: Taking care of Marine cover for the cargo, arranging required Insurance policies, as per trade requirement.

5. Trade finance execution
- L/C drafting and optimization (import vs export L/C)
- L/C execution and invoice + documents negotiation
- L/C deadlines management (expiry dates, shipment dates, etc.)

6. LOI submission and follow up for necessary documentation at discharge port

7. Claims & Demurrage
- Operational claims management:

- Quantity or quality claims
- Demurrage/despatch, detention
- Calculation of laytime, demurrage, etc.

8. Data management: creation, update, controlling and closing of “deals’ profit & loss” in database.

9. Communication & coordination Co-ordination with peers and all stakeholders for efficient contract, shipping and L/C execution.

Ability to commute/relocate:

- Dubai: Reliably commute or planning to relocate before starting work (required)


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