For all roles, please send a CV with covering letter outlining your interests and motives to hr@wahkwong.com.hk, or contact the hiring manager directly (gregor.mcmillan@wk.energy).
Finance Director
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The Opportunity | Finance Director
The Opportunity | Finance Director
Venture Energy is clean fuel supply & trading company. We are investing in clean fuel projects across China to secure fuel supply that we can market into the global markets for renewable fuel which span industries and continents.
As our offtakes approach delivery, we are building out the team that will manage Venture Energy’s financial operations and development. You will be at the core of our program, managing financing relationships with our bank group, parent company, and certain trade creditors. You’ll be heavily involved in the structuring and development of offtakes as well as the negotiation of supply arrangements with our customers. Our plant investments are tied closely to offtakes, and our ability to scale closely linked to how these are financed. The right candidate will be excited about the opportunities this presents.
We are looking for a multi-skilled entrepreneurial candidate, with experience from trade finance, corporate finance, or a related discipline. Someone with a banking or accounting background is useful, although this is less important than your start-up mindset and entrepreneurial flair. We are a start-up entity within a much larger organisation; you will need to be able to speak both languages. This is an important appointment within Venture Energy and the role will evolve as we grow,
You will be required to think and make decisions both at a high level; analytically, in financial or strategic terms, but also work at the operational level; building relationships, solving problems, and executing the plans we develop.
You will need to respond dynamically to changing circumstances and requirements. It is anticipated our mandate will flex as the market develops, and you will be capable of identifying these shifts and responding to challenges and opportunities in the market as they arise.
The Job | Your Responsibilities
The Job | Your Responsibilities
- Trade Finance:
- Design and execute innovative trade finance strategies to support the company’s global commodity trading, with a specific focus on structuring deals for clean fuels.
- Structure and negotiate complex trade finance facilities, including but not limited to revolving credit facilities (RCFs), borrowing bases, inventory financing, receivables financing, and prepayment structures.
- Advise senior management on trade finance trends, opportunities, and risks, particularly in the context of the energy transition and evolving regulatory landscape.
- Banking & Stakeholder Management:
- Cultivate, manage, and expand strong relationships with a network of local and international banking partners to secure and optimize credit lines.
- Identify and secure liquidity solutions to support trading growth, working capital requirements, and the onboarding of new counterparties and jurisdictions.
- Act as the primary point of contact for financial institutions, leading negotiations on facility agreements, pricing, and terms.
- Fundraising
- Work with the commerical team to raise equity capital alongside Wah Kwong Group financing for vessel and plant investment projects.
- Manage relationships with capital partners.
- Execution & Operations:
- Act as a director of Venture Energy and other Wah Kwong Group Companies where required.
- Oversee the execution of trade finance instruments, including Letters of Credit (LCs), Standby Letters of Credit (SBLCs), Bank Guarantees, and collections.
- Develop a high-performing trade finance team, collaborate with Group operations, legal, and credit teams to resolve issues, standardize processes, and implement system improvements.
- Monitor facility utilisation, liquidity, trade finance exposure, and other relevant factors.
The Challenge | Marine Decarbonisation
The Challenge | Marine Decarbonisation
90% of the world’s trade moves by sea. That’s approximately 11 billion tonnes of goods; or about 1.5 tonnes per person each year. Today almost all the ships serving this US$14 trillion industry burn fuel oil, a dirty, high-carbon, fuel. This is not sustainable.
The maritime industry is entering a phase of dislocation. EU and IMO rules are forcing shipowners, traders, operators and supply-chain companies to adopt clean fuels for their vessels. By 2050, the shipping industry will be net-zero. Today, almost none of it is.
That means over the next 25 years, the market will need to invest up to US$60 billion per year, every year. To decarbonise our industry will need to build plants, re-engineer ships, develop supply-chains, new infrastructure, and totally re-imagine the services our industry needs. There are vast gaps in our supply chain that need to be filled, and quickly. Venture Energy’s mandate is to plug those gaps.
The Company | Who we Are
The Company | Who we Are
Venture Energy is a leading provider of next generation fuels. We develop plant and infrastructure projects to drive marine decarbonisation across Asia and the world. We invests in upstream renewable fuel production capacity, offering development, sales, marketing, and logistics services to plant consortia, and a reliable project partner to offtakers, particularly of methanol and ammonia.
We are an international organisation with a proud Chinese heritage; our aim is to be local in both markets, offering our international partners unparalleled visibility of and seamless access to the Chinese market, and our Chinse partners an effortless international reach.
We move aggressively, think differently, and deliver effectively, but always hold ourselves to the traditions and standards of Wah Kwong Group, a privately owned shipowner headquartered in Hong Kong.
The Group | Our Heritage
The Group | Our Heritage
Wah Kwong Maritime Transport (‘WKMT’) is an integrated maritime services company headquartered in Hong Kong. The Group employs almost four thousand staff and has offices in London, Genoa, Shenzhen, and Weihai. Founded in 1952, WKMT has established an industry leading reputation for technical competence and high-quality services.
The Company runs maritime assets totalling more than US$3 billion, growing its managed fleet at over 20% CAGR for the last five years to ~100 vessels. WKMT has recently restructured to enable the continuation of its ambitious growth strategy and is actively investing across the maritime industry and adjacent fields.
We are a unique Group with a strong Chinese heritage, but a global mindset. From our headquarters in Hong Kong, we operate with a flexible mentality, employing staff from all over the world. We value integrity, and our reputation for fair dealing.
The Candidate | Must Have
The Candidate | Must Have
- Minimum of 10-15+ years of experience in a senior trade finance role, ideally within an energy trading company (oil, gas, or biofuels) or a commodity finance desk at a major international bank with a strong preference for candidates with direct experience in financing clean fuels, biofuels, or other energy transition commodities.
- Strong presentation skills and ability to pitch at C-Suite level.
- Fluent in English and Putonghua (both written/spoken). Cantonese is a plus.
- Bachelor’s degree from a reputable university.
- Proficient with Microsoft Office Tools (ppt/xlsx)
The Candidate | Nice to Have
The Candidate | Nice to Have
- Some international experience, either educational or professional, is useful.
- Professional qualifications such as an MBA, CFA or CIMA might be useful, but far from essential
The Details | Some Important Information
The Details | Some Important Information
gregor.mcmillan@wk.energy
48-62 Hennessey Road, Wanchai, Hong Kong
Base salary + Discretionary bonus + share incentive scheme