Trade Operations Specialist (Central/ MNC) BG (ID: 670435) - Bukit Merah

Our client, a well-known company is looking for candidates for the position of Trade Operations Specialist.

SUMMARY

The individual will be reporting to the Trade Operations Manager for Bulk Commodities.

RESPONSIBILITIES

• Understand contractual terms and obligations to fulfill shipment requirements for dry bulk commodities (E.g Coal, iron ore, bauxite, copper concentrate, lithium, etc)
• Upon confirmation of trade, examine contracts of sales and purchase to confirm timing, commodity brand, terms of payment
• Liaise with counterparts on vessel nomination, load and discharge port agent details, stowage plan etc.
• Prepare LC draft and liaise with banks for LC issuance.
• Liaise with customers on LC opening, verifying bank creditability, resolve discrepancies and have customers issued LC on timely basis.
• Verify LC and other information to ensure compliance with agreement.
• Prepare and ensure shipping documents to comply with LC requirements. Liaise with bank directly for LC negotiation
• Update buyers and sellers on vessel movement
• Check and/or prepare invoices and relevant documents from supplier / to Buyer to ensure compliance with terms of agreement.
• Prepare letter of indemnity (if required).
• Prepare lay time calculations (demurrage, dispatch), for buyer calculate discharging lay time, for seller; resolve issues as required.
• Monitor cashflow for both receivables and payables.
• Ensure all month end transactions are complete within stipulated timeline.
• Updates system to ensure cash flow is sufficient to process payment.
• Monitor shipment status using an Excel tool.
• Upon loading of shipment, record quality, quantity, bill of lading and all shipping documents; checking against buyer’s LC or shipping instructions.
• Monitor demurrage and/or dispatch receivables or payables.
• Work collaboratively with the team to provide support and coverage as required.

• Support and advise Front Office in Contract review, revision and recommendation to ensure risk exposure is minimized
• Monitor and ensure that credit limits are not exceeded
• Identify area of transactions/ financial risks/ variance relating to trade, and ensure that such risks are addressed/ mitigated
• Collaborate with the team to ensure all transactions are executed accordingly to internal rules and escalate if required.
• Work with various departments to determine amicable solutions.

• Maintain privacy and confidentiality of information, protect the assets of the organization, report non-compliance, and ensure adherence to all application laws and regulations
• Adhere to internal control and compliance procedures
• Liaise with the Compliance team to review, update and improve internal control processes on a timely basis

• Any other tasks relevant to Trade Operations, (e.g,. system testing) as may be assigned by supervisor

• Minimum Diploma in business
• At least 5 years of experience in a dry-bulk commodities position, preferably metals.
• Strong Knowledge of Letter of credit & UCP600
• Familiarity with shipping (bulk) and usage of laycan and demurrage, particularly on FOB-CFR shipments
• Proficient understanding of contractual commercial terms and its risks & obligations
• Knowledge of International Metals Trade (related to procedural flow of trade, B/Cs, B/Ls, L/C negotiation, Security Trade Control, Internal Control) will be favorably considered.
• Knowledge of the commodities market and common facilities/functionalities required in the market
• Insurances, AEO, Import duties, VAT and Compliance
• Proficiency in SAP system (financial module) & Commodities Trading Systems

Interested candidates who wish to apply for the advertised position, please click on “Apply”. We regret that only shortlisted candidates will be notified.

EA License No.: 01C4394 (PERSOLKELLY Singapore PTE LTD)

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