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TREASURY TRADE ADVISOR

Employer
Weatherford
Location
Vadodara VADODARA Gujarat, Gujarat, India
Salary
Competitive Salary
Closing date
Jun 3, 2024

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Job Role
Treasury
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Overview
Weatherford is a leading global energy services company. Our world-class experts partner with customers to optimize their resources and realize the full potential of their assets. Across our operating locations, including manufacturing, research and development, service, and training facilities, operators choose us for strategic solutions that add efficiency, flexibility, and responsibility to any energy operation.
We are focused on technology development, digital solutions, and defining our footprint in the new energy space. Our ability to provide integrated solutions across our segments will be critical to growth in our core operations and the energy transition.
Energy producers face unique challenges every day, so it is our job to create solutions that enhance safety, streamline operations, and sustain uptime to meet or exceed their targets. We operate across the global energy landscape employing some of the best diverse talent in the industry. At Weatherford, we understand the value each individual brings to the table. We celebrate diversity in all its forms and are immensely proud of our workforce. We invite you to join our passionate, talented, world-class team.
When you join Weatherford, you instantly feel connected to something bigger - a community that is grounded by our core values and driven to create innovative solutions for our customers. We celebrate each other's successes, grow together, and learn from each other constantly. Individually, we are impressive. Together, we are unstoppable. We are One Weatherford.
Weatherford offers competitive compensation, a comprehensive benefits program and provides you a challenging and enriching career path, with a healthy balance of structure and flexibility to chart your own course.
Weatherford is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.
Responsibilities
We have an exciting opportunity for a Treasury Trade Advisor to join our Weatherford team. In this role you will be primarily responsible for the issuance and administration of letters of credit / bank guarantees from corporate credit facility and bilateral credit facilities. In addition, you will participate in cash management activities, as needed, develop presentations and participate in inter-departmental projects.
- Administer Letter of Credit operations (issuance and amendment of Letters of Credit or other instruments) and understand appropriate fees / commissions for portfolio of LCs issued under different credit facilities Maintain credit facility documents (including Letters of Credit, Bank Guarantees etc) and their records, reporting and compliance requirements.
- Recommend language for LCs to mitigate risks and meet credit agreement constraints, underlying contract arrangements and legal considerations.
- Monitor LC portfolio and coordinate activities related to timely cancellation of outstanding Letters of Credit.
- Prepare and analyze monthly and quarterly consolidated Letters of Credit reports and summaries.
- Reconcile and arrange payment and allocation/intercompany billing of banking invoices for LC fees and commissions.
- Perform variance analysis and develop performance reports for Letters of Credit.
- Assist with special projects related to cash management or corporate finance, as required.
- Understand and comply with all safety rules and company policies of Weatherford.
Qualifications
- Bachelor's degree in Business, Finance, Accounting or other quantitative or analytical field, a Master's degree is preferred.
- 3+ years of relevant treasury, corporate finance, financial services or banking experience within international or multi-national organizations.
- Must have strong knowledge and experience of processing Letters of Credit, Bank Guarantee, Bid Bonds and other collateral instruments.
- Experienced interacting with different stakeholders (business units, issuing banks, beneficiaries, legal counsels etc) on activities related to issuing Letters of Credit Strong organizational, critical thinking and internal/external customer service focus with solid interpersonal skills, including written and oral communication skills.
- Ability to deal with ambiguity and to work effectively under tight deadlines and shifting priorities in a fast-paced team-oriented environment while managing multiple projects.
- High degree of professionalism and focus on teamwork essential at all times.
Technical Requirements:
- IT savvy skill set specifically experience with: GTC platform, SWIFT, Tableau, MS Excel (Advanced in MS Excel including PivotTables, VLOOKUP, XLOOKUP, NDEX/MATCH, Advance Conditional Formatting, Data Tables, etc), Power BI, Bloomberg and overall comfort with different IT systems and having experiance in administrating treasury systems.
- Experience with treasury systems and banking online platforms of Deutsche Bank (Autobahn), Wells Fargo (CEO), CITI Bank (CitiDirect), Standard Chartered Bank , Bank of America etc.
Job Locations IN-GJ-VADODARA
ID 2023-232029
Category FINANCE & ACCOUNTING
Position Type Regular Full-Time

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