Head of Shipping Finance

  • Competitive
  • London, England, United Kingdom London England GB
  • Permanent, Full time
  • Non-disclosed
  • 13 Aug 18 2018-08-13

As part of this expansion, this market leader in shipping, is seeking to recruit an experienced Head of Shipping Finance to join their finance team. This is an exciting position in a secure global business, which continually leads its industry.

One of the world’s largest leading privately-owned shipping companies with a recognised reputation for performance excellence, is expanding its London Operations.

The company is headquartered in London with representative offices in New York, Shanghai, Japan, Norway and India.

The Role – Head of Shipping Finance

Key Areas of Focus

  • Manage and maintain existing banking relationships.
  • Develop new sources of funding.
  • Negotiate new loans and overseeing all aspects of the loan lifecycle.
  • Ensure compliance with all current covenants.
  • Bank presentations.
  • KYC.

Key Responsibilities

Capital Structure and Funding

  • Manage and maintain existing commercial banking relationships as well as develop new sources of financing.
  • Negotiate new loan term sheets consistent with current practice.
  • Manage the loan portfolio throughout the loan lifecycle and ensuring compliance with all covenants.
  • Assisting with presenting the group’s financials to new and existing banking relationships.

Cash and Liquidity Management

  • Balance sheet analysis, in accordance with the risk appetite, policies, strategies and future plans set by the CFO/Shipping Board.
  • Proactively manage liquidity by determining daily cash requirements among multiple companies, banks and accounts and sign off on repayment and borrowing from the facility.
  • Manage intercompany loans covering liquidity management and settlement of I/C trading balances.
  • Manage global banking operations including account openings and updates
  • Manage bank portal access and entitlements of global bank accounts.

Financial Risk Management

  • Responsible for treasury risk management including internal operation risk and external compliance risk control.
  • Preparation of Board level cash and other risk management reporting.
  • Ensure compliance with Treasury controls.

Personal Attributes

Seeking to appoint a Head of Shipping Finance who will build confidence and trust with key internal and external stakeholders. The broader culture is described as open, direct, team oriented, low ego, apolitical, hands-on, entrepreneurial and long-term focused. They will be able to move quickly between the strategic level and rolling up their sleeves. They will operate with the highest integrity.

Experience

  • Senior finance leadership role of similar scale with demonstrated expertise in:

-       International Treasury operations.

-       Risk management.

-       Compliance.

-       Establishing and maintaining global banking relationships.

  • Shipping or similar capital intensive industry experience is a requirement for this role.
  • MSc degree in finance / equivalent would be an advantage for this role.