Letter of Credit Specialist

Holcim Supplementary Pension Fund; Singapore; Hybrid; SGD 90,000 - 120,000; Full time

Benefits offered by this job

Hybrid work contract

Family support: Child care subsidies;

Professional growth: Training

Discounts and perks: Meals and company

Long-service awards

Referral bonus

Pension and savings: Pension fund

Job summary

Holcim Trading & Shipping in Singapore seeks a Letter of Credit Specialist to own LC operations, including Standby LC and guarantees. You will work with Trading Operations for seamless processing and report to the Head of Treasury & Insurance. Working hours are 1 PM to 10 PM Singapore time on select days.

You will submit LC applications, mitigate risks, train stakeholders, review drafts, and ensure compliance with UCP 600, ISP98, and URDG 758 while collaborating across the trading desk.

Qualifications

• Commercial degree in finance or banking, international trading, shipping, logistics, freight forwarding or similar education and experience.
• Minimum 5 years of experience in trade finance / LC operations with an international trading company or with a finance institute.
• Excellent English, written and spoken.

Responsibilities

• Guide and support Trading Operators for day-to-day processing of LC, Collection and Trade Finance transactions.
• Enable issuance of Standby and Commercial LCs upon proper approval and documentation.
• Review Export LC drafts and LC documents for compliance and accuracy.
• Counsel stakeholders on technical aspects of trade finance products and processes.
• Drive integration and use of AI in LC processes.

Skills

Customer service

Communication

Analytical

Problem-solving

Independent work

Education

Commercial degree in finance or banking

Tools

LC tools (LC, documentary collection)

UCP 600

ISP98

URDG 758

Job description

Location: Singapore, SG, 189721

Requisition ID: 19470

Holcim is the leading partner for sustainable construction, creating value across the built environment from infrastructure and industry to buildings. Headquartered in Zug, Switzerland, Holcim has more than 48,000 employees in 45 attractive markets – across Europe, Latin America, Asia, Middle East & Africa. Holcim offers high-value end-to-end Building Materials and Building Solutions, from foundations and flooring to roofing and walling – powered by premium brands including ECOPlanet, ECOPact, and ECOCycle®. Find out more at www.holcim.com

WHO IS HOLCIM TRADING & SHIPPING?

Holcim Trading & Shipping is a global leader of seaborne trading service for construction, industrial, and specialty raw materials. Our team of international trading and supply chain experts provides sourcing, import, export, and shipping expertise to customers worldwide, solving complex sourcing challenges, offering reliable, cost-efficient and peace-of-mind solutions. We partner with our customers on a long-term sustainable journey towards supply chain excellence.

YOUR HOLCIM EXPERIENCE

At Holcim, there is endless opportunity for you to play your part. Whether you’re in a technical, managerial, or frontline role, you can shape a career that works for you. With us you’ll have the chance to embrace the passion we share for our planet. You’ll be encouraged to seek out diverse perspectives, share your ideas and build the skills and connections you need to perform at your best. Because it’s only when we work together in a culture where everyone thrives, that we can build the world we all want to live in.

Join Our Amazing Team And Contribute As A:

Letter of Credit Specialist

Role Overview

We are hiring for a Letter of Credit Specialist team to join our trading office in Singapore. The Letter of Credit Specialist is the subject matter export of all Letter of Credit (LC), Standby LC and guarantee topics of HT&S and reports to the Head of Treasury & Insurance. Key responsibilities are the operational excellence of import and export LC partnering with the Trading Operations team for a seamless process. You will be asked to work from 1PM to 10PM Singapore time on a few days of the week.

The LC Specialist Ensures:

• Submission of LC applications via relevant bank trade finance platforms,
• Implementing controls for mitigation of any risks related to LC
• Tracking the proper execution of LC
• Training internal stakeholders in LC matters

Main Responsibilities

Business objectives

• Guide and support Trading Operators for the day-to-day processing of LC, Collection and Trade Finance transactions
• Enable issuance of Standby and Commercial Letter(s) of Credit upon proper approval/receipt of required application documentation
• Review of Export LC drafts
• Examine documents to be presented under all types of LC for compliance to terms and conditions targeting clean presentations
• Counsel stakeholders on technical aspects of trade finance products/processes
• Drive the integration and use of AI in the day to day LC processes
• Enable Trading Operators for the input of the transactions into the relevant bank trade finance platforms
• Review LC documents for inconsistencies, advise the rectification of discrepancies where needed
• Foster communicate with Trading Operators regarding LC terms and conditions
• Maintain the LC process (Operating Model) in collaboration with Treasury and Operations team
• Train the Organization on LC matters

Risk management

• Ensure adherence to the Holcim Code of Business Conduct, Trading and Shipping policies and all relevant Holcim policies
• Protection of the Holcim Group reputation and brand value for relevant seaborne trading activities
• Anticipation, mitigation and resolution of trade incidents under the Trading team’s guidance, providing suggestions on mitigations strategies
• Alerts to the Head of Treasury, TO Team Leaders and/or relevant Trading Operators and Traders in case of material risk, deviance from the delegation of authority or any risk of breach of applicable Policies, in line with HT’s segregation of duties.
• Strict compliance with the Operation Operating model (process, tools etc)

PROFILE REQUIRED

Education / Qualification

• Commercial degree in finance or banking, international trading, shipping, logistics, freight forwarding or similar education and experience.

Experience

• Minimum 5 years of experience in trade finance / LC operations with an international trading company or with a finance institute.

Knowledge And Skills

• Excellent understanding of international seaborne trading and maritime regulations and logistics
• Knowledge of Trade Finance tools (LC, documentary collection, payment terms and payment instruments) and rules (UCP 600, ISP98, URDG 758)
• Good customer service, communication and interpersonal skills to interact effectively within the department, traders, banks and customers / suppliers
• Good analytical and problem-solving skills
• Must be detail-oriented and accurate in a deadline-driven, multitask-oriented environment
• Ability to work independently.

Languages

• Excellent English, written and spoken

Benefits

• Hybrid work contract
• Family Support: Subsidized child care and paid maternity/paternity leave
• Professional Growth: Company-sponsored training and professional development.
• Discounts and Perks: Subsidized meals, exclusive discounts, and company gifts for special occasions.
• Long-service awards
• Employee referral bonus
• Pension and Savings: Access to a comprehensive pension fund and an employee savings scheme.

Holcim is committed to a diverse and inclusive workplace. We support equal opportunities for everyone, regardless of race, national origin, gender, sexuality, disability, or age.

Important Notice: Holcim recruiters only contact candidates via official @[holcim.com] email addresses. We do not use Gmail or any other non-Holcim domains to conduct recruitment processes. Please verify the sender address before responding.