Trade Finance Specialist

Our client is a leading global company sourcing steel and energy raw materials, operating out of Singapore. They trade in thermal coal, coking coal, iron ore, steel raw materials, and renewable biomass.

Position: AM/Manager Trade Finance Operations/Specialist

Job Types: Full-time, Permanent

Vacancy: 1

Educational qualifications: Graduate in any field.

Years of Experience: 4 to 9+ years

Core responsibilities:
• End to end transaction handling including invoice and other LC docs preparation, talking to Bank/Customers, Preparation of Documents, regular coordination internally and externally etc.
• Handling making and checking for LC documents as per UCP and ISBP, handling documents for acceptance and payments. Suggesting and interacting with Operations on a daily basis to minimize discrepancies.
• Checking of Import & Export LC issuance and confirmations - Handling entire life cycle of transactions from Import LC checking, issuance, Open account payments /loans, export LC checking, advising, confirming, presentation of documents, discounting and receipt of funds.
• Review L/C, contracts, and documents to ensure accuracy and conformance with UCP600 & ISBP regulations.
• Responsible for preparation of trade documents such as invoice, bill of exchange & beneficiary certificates according to terms of export letter of credit received from buyers. Preparation of cover letter & export LC negotiation form as required by banks.
• Liaise with deal owners & Indonesia operation team with regards to documents preparation including ensuring trade documents such as bill of lading & certificates are uploaded onto department system timely.
• Ensuring non-negotiable copy of documents required under export letter of credit are emailed over to buyer before deadline specified in export letter of credit.
• From time to time, assist with presentation of export documents at bank trade counter.
• Support TF & Accounts team on transaction and entries
• Bank related Administration & KYC

Requirements:
• Basic understanding of letter of credit as a trade financing tool.
• Attention to detail and ability to work under pressure.
• Team work.
• Flexibility to work during different time Zones and working days of other countries.
• Be open and have a zest to learn
• 4+ years of experience in Trade Finance with Trading Companies
• Understanding of UCP600 / ISBP745 / URR725 / URC522
• Knowledge of Basic KYC/Compliance and CDCS