Job Position: Finance Manager – Bunker Oil Trading
Job Description: I-Expatriate – Fujairah – Finance Manager – Bunker Oil Trading My Client is a very well-funded start up with in the Bunker Oil Trading sector seeking finance manager to join the team and assist in building the business from the ground up based in Fujairah. The main purpose of the role is: To lead the financial management of the bunker trading division of the group in a fast paced and new start-up environment. Ensure that statutory and financial management requirements are delivered on a timely basis. Produce trading book P&L split by product with attribution of central overheads and to tightly control the credit management of the entity. Duties: To follow and develop internal financial policies and procedures to ensure that the financial requirements of the group are met. Preparation of end of day valuation, P&L attribution, Balance Sheet and cash flow control for oil bunker trading division. Partner with the trading leadership team to provide support on all finance related matters. Provide timely and accurate documentation required by Trade Finance banks to ensure compliance with their requirements and continuity of unsecured credit lines. Develop a consistent and comprehensive set of internal controls for the bunker trading operations that will improve the financial and commercial support provided to the business, whilst ensuring effective risk management and Value at Risk monitoring. Support the development on Oil trading software to ensure the automation of front to back workflow is implemented within the division. Prepare statutory accounts in accordance with agreed accounting principles and in accordance with agreed internal and external timescales. Ensure that Hedging transactions are properly accounted for and that trading exposure is monitored and reporting to senior management. This will include Value at Risk reporting as well as stress testing exposures subject to price movements in underlying oil prices. Establish effective credit limit processes in conjunction …see more details
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