Letter of Credit Specialist

Holcim; Singapore; On-site; SGD 78,000 - 123,000; Full time

Benefits offered by this job

Subsidized meals

Subsidized child care

Job summary

Holcim Trading & Shipping (HT&S) in Singapore is seeking a Letter of Credit Specialist to manage LC, Standby LC and related trade finance activities. The role reports to the Head of Treasury & Insurance and requires strong knowledge of international seaborne trading and finance tools.

You will handle LC submissions, ensure compliance, and train internal stakeholders while coordinating with Trading Operators and Banks. A commercial finance background and English proficiency are essential.

Qualifications

• Understanding of international seaborne trading and maritime regulations.
• Knowledge of LC, documentary collection and payment terms.

Responsibilities

• Guide and support Trading Operators for day-to-day processing of LC, Collection and Trade Finance.
• Enable issuance of Standby and Commercial LC upon proper approval/receipt of required documentation.
• Review Export LC drafts for compliance with terms and conditions.
• Examine LC documents for inconsistencies and ensure clean presentations.
• Counsel stakeholders on trade finance products and processes.
• Drive integration and use of AI in LC processes.
• Maintain LC process in collaboration with Treasury and Operations teams.

Skills

Seaborne trading knowledge

Trade finance tools

Analytical & problem solving

Attention to detail

English proficiency

Education

Commercial degree in finance or banking, international trading, shipping or logistics

Job description

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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 atwww.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 togetherin 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

Holcim Trading & Shipping (HT&S) is the trading arm of Holcim Group, the world leader in innovative and sustainable building materials. HT&S is specialized in meeting the needs of customers and suppliers around the world through a unique portfolio of products and services provided from offices in Zurich, Singapore and Miami.

HT&S is a leading international trader and seaborne logistics operator who delivers, through a team of dedicated specialists, solutions for the seaborne import and export of raw materials and finished goods both to Holcim Group companies as well as to third party businesses.

Role Overview

We are hiring for a Letter of Credit Specialist team to join our team at 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

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

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.