The Opportunity
Our client is an established international agribusiness with a strong presence across the global commodities markets. They are looking for an experienced Operations Executive to join their Singapore team, supporting the end-to-end execution of physical and paper trades within the Vegoil business.
This is an opportunity for someone with a solid background in Vegoil or Palm Oil operations who enjoys working in a fast-paced trading environment and managing the full spectrum of trade execution and logistics.
Key Responsibilities
- Manage end-to-end execution of physical Vegoil trades, including vessel nominations, shipment arrangements, loading and discharging, inspections and shipping documentation.
- Coordinate daily shipping and logistics matters with shipowners, vessel agents, surveyors and other external stakeholders.
- Oversee payment security arrangements, including prepayments, Letters of Credit (LCs) and Cash Against Documents (CAD), ensuring compliance with contractual terms.
- Handle paper trade contract execution, including string negotiations, circles and washouts.
- Monitor operational risks, resolve shipment and execution issues, and follow up on claims where necessary.
- Coordinate closely with Trading, Trade Finance, Credit Risk, Treasury and Accounting teams, as well as overseas offices, to ensure smooth trade execution.
- Manage Letters of Credit documentation and negotiations, laytime calculations and finalisation.
- Maintain accurate operational records and ensure compliance with internal procedures and policies.
Requirements
- Diploma or Degree in Shipping, Logistics, Business or a related discipline.
- Minimum 1-2 years of relevant operations experience within Vegoil, Palm Oil or similar commodity trading environments.
- Good understanding of physical commodity trade execution, shipping documentation and logistics coordination.
- Strong knowledge of Letters of Credit, UCP rules and payment security arrangements.
- Familiarity with FOSFA / PORAM contracts, charter party terms, laytime calculations and marine insurance.
- Proactive, meticulous and responsible, with strong problem-solving and coordination skills.
- Good communication skills and the ability to work effectively with internal and external stakeholders.