Finance / Senior Finance Executive

SK ENERGY INTERNATIONAL PTE. LTD.; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading commodity trading firm in Singapore is seeking a Finance / Senior Finance Executive to support their trading business. The ideal candidate will have at least 3 years of relevant finance experience, particularly in commodity trading, and possess strong skills in managing trade finance activities. Proficiency in MS Excel and knowledge of SAP are advantageous. This role offers a dynamic work environment with opportunities for professional growth.

Qualifications

• Minimum 3 years of finance experience, preferably within a commodity trading business.
• Must have import LC/SBLC experience.
• Excellent knowledge of regulatory compliance related to trade finance.

Responsibilities

• Negotiate terms and liaise with banks for timely issuance of Import LC and SBLC.
• Monitor schedule for timely receipt of Export LCs from buyers.
• Prepare daily and monthly bank reconciliations.

Skills

Finance experience in commodity trading

Handling shipping INCO terms, UCP and ISP

Import/export LC/SBLC experience

Proficient in MS Excel

Strong analytical, communication, and negotiation skills

Strong integrity and work ethics

Education

Diploma in Finance/Business Admin or equivalent

Tools

SAP

THOR

Job description

This role sits within SK Energy International.

About SK Energy International (SKEI)

SKEI markets and trades crude oil and petroleum products. The company was incorporated in 1990 and is based in Singapore. SK energy international operates as a subsidiary of SK trading international.

The Finance / Senior Finance Executive will be a member of Treasury Group in Singapore, reporting to the Group Leader, CPBDO – SKEI Biz Support – Treasury Group and supporting our commodities trading business. Requirements and Roles include:

• Minimum 3 years of finance experience, preferably within a commodity trading business.
• Minimum 3 years of handling shipping INCO terms, UCP and ISP.
• Must have import/export LC/SBLC experience.
• Liaise with suppliers on Import LC and SBLC formats, negotiating terms in line with contract agreements and internal policies.
• Coordinate with banks to ensure timely issuance of Import LC and SBLC.
• Monitor schedule closely to ensure timely receipt of Export LCs from buyers.
• Negotiate terms according to contract agreements and ensure that Export LCs are in order.
• Liaise with banks, business teams, legal and back-office support to coordinate all trade finance activities and resolve any issues promptly.
• Maintain and update trade finance records and prepare regular reports for management.
• Prepare daily payments using an in-house system and keeping track of all incoming funds.
• Preparation of daily and monthly bank reconciliation.
• Stay updated with the latest trade finance products, market trends, and regulatory changes.
• Take on ad hoc finance-related projects as required.
• Participate in job rotation within the finance team to support cross-functional skills and business continuity.

Generic Competencies (Basic Level)

Communication & Co-ordination Skills

Communicate information with others, respond to general inquiries and obtain specific information. Meet stakeholders’ needs and expectations in handling internal services. Face challenges with a positive mindset, demonstrate an understanding of the Organization’s service vision, mission and values.

Strategic Thinking Skills

Identify easily perceivable problems and follow given guidelines and procedures to solve the problems

Leadership Competencies (Basic Level)

Task Leading: Accurately identify the purpose and goals of a given task and perform the task to meet deadline.

People Leading: Ensure optimum and efficient use of resources. In the process of carrying out employee's tasks, make full use of the capabilities the employee has and strive to strengthen its own capabilities. Contribute as a team player in the process of business promotion.

Self-Leading: Demonstrate professionalism to set a good example at peer level. Support others through own initiative and enthuse others through own positive and energetic approach.

Candidate Profile

A self-motivated individual who value integrity, have willing brain engagement in going the extra miles to provide excellent and create happiness and values to stakeholders. A strong candidate should possess the following:

• Minimum 3 years of finance experience, preferably within a commodity trading business.
• Minimum 3 years of handling shipping INCO terms, UCP and ISP.
• Must have import LC/SBLC experience.
• Minimum Diploma in Finance/Business Admin or equivalent.
• Proficient in MS Excel.
• Knowledge of SAP/THOR is an added advantage.
• At ease with working in a multicultural environment and ability to interact effectively with individuals of all levels in the organization.
• Effective team player with strong stakeholder management skills.
• Highly motivated and organized individual who exhibit strong integrity, work ethics and ability to perform under pressure.
• Strong understanding of trade finance products and international trade procedures.
• Excellent knowledge of regulatory compliance related to trade finance.
• Strong analytical, communication, and negotiation skills.

Salary will commensurate with qualifications & experience. Only shortlisted candidates will be notified, typically within 2 weeks from the closing date of the posting.