Trade Finance Officer

Hours: Fulltime
Country:Baar, Switzerland

The Company

About Varo

VARO Energy (“VARO”) is a leading European energy transition company operating throughout the complete energy supply chain. As the world transitions to a new energy paradigm, VARO’s mission is to provide new energy solutions to its customers, while assuring energy security.

To this end, the company is capitalizing on the energy transition by leveraging its trading and marketing capabilities as well as manufacturing, distribution, and retail infrastructure to capture opportunities in the renewable energy market, with a geographic focus on Belgium, France, Germany, the Netherlands, and Switzerland. With a refining capacity of 176,000 bbl/day and a total storage capacity of almost 2,5mio m3, we own a solid asset base in our markets.

VARO is focused on reshaping its portfolio to reflect its energy transition aims, including decarbonisation initiatives, hydrogen projects, e-mobility solutions, biomethane & bio-LNG. Among other investments, the company owns a 51% stake in SilviCarbon, a global leader in nature-based Carbon Dioxide Removals (CDRs), and a 67.9% share in E-Flux, a leading provider of electric vehicle charging software.

VARO Energy offers an exciting working environment, which is characterized by strong teamwork, a flat organization, a fast pace, entrepreneurial thinking & acting and having fun. Everybody has the chance to make a difference, develop a career and contribute to sustainable growth in an exciting and changing industry.

VARO is backed by its two strong and experienced shareholders Carlyle International Energy Partners and Vitol.

Your key responsibilities

• Processing and monitoring all life cycle events of import and export letters of credit, guarantees, standby letters of credit (The “trade finance instruments”)

• Booking of the trade finance instruments in the treasury management system (IT2)

• Control and booking of all fees related to the trade finance transactions in IT2
• Creation and reconciliation of daily, monthly and year end reports for external and internal stakeholders
• Preparing monthly recharge overview for the fees to be recharged to the Varo entities
• Monitoring and annual review of the company guarantees in close collaboration with the Credit and Legal team
• Annual review and revision of the Group Trade Finance Policy and Manual of the trade finance transactions in the treasury management system (Annual)
• Build strong relationship with our pool of banks, external and internal stakeholders
• Proactively analyse and improve trade finance processes and identify opportunities to reduce exposure by reporting of the payment instruments and identifying gaps and process improvements
• Develop and enhance our current digital solutions around trade finance to increase speed and efficiency and automate existing processes
• Support VARO in optimising its working capital financing via the creative use of trade finance instruments
• Assist team in cash management and cash flow forecast related activities and projects
• Ad hoc investigations, reconciliations and reporting for corporate finance

Your profile - Essential

knowledge, skills &

abilities

• Bachelor or Masters degree

• Minimum 3-5 years experience as a Trade Finance Officer
• Good knowledge of payment instrument rules and regulations (e.g. UCP 600, ISP 98 and URDG 758)
• Commodity sector experience preferred
• Strong verbal and written communication skills
• Excellent English language skills (spoken and written)

• Result-oriented and “hands-on-mentality”

• Ability to work independently, in an organized matter and gets things done
• Outstanding team player
• Excellent communications skills

We offer

• A professional and very well connected work environment with a young and international Team in a growing company

• An attractive workplace in Baar/CH with great development opportunities within an international, corporate environment

• A flat organization structure and entrepreneurial spirit

• Attractive salary and bonus structures

• Further benefits directed towards both physical training and self-development

VARO ENERGY

ACCELERATES THE ENERGY

TRANSITION. ACCELERATE

YOUR CAREER, NOW.

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