Settlement Executive (Commodities Trading)

DIRECT SEARCH ASIA PTE. LTD.; Singapore; On-site; SGD 42,000 - 66,000; Full time

Job summary

Direct Search Global is seeking a Settlement Executive in Singapore to manage accurate and timely settlement of commodity trading transactions, verify trade details, prepare invoices, and coordinate payments with Finance and Treasury.

The role suits candidates with 2–3 years in settlements or finance operations, strong numerical skills, and proficiency in Excel. You will work with trading, operations and finance teams to maintain accurate records and support month-end closing.

Qualifications

• Diploma or degree in Accounting, Finance, Business or related discipline.
• 2–3 years of settlements, trade accounting or finance operations experience.
• Good understanding of invoicing, payment processing and account reconciliation.
• Familiarity with commodity contracts, shipping documents and pricing mechanisms is advantageous.
• Strong numerical skills and attention to detail.
• Proficient in Microsoft Excel; ERP/commodity trading systems helpful.
• Able to manage multiple transactions and meet tight deadlines.
• Good communication and problem-solving abilities.

Responsibilities

• Process settlements for commodity purchases and sales per contractual terms.
• Verify trade details, pricing, quantities and supporting documents before settlement.
• Prepare and check invoices, debit notes and credit notes.
• Coordinate payment instructions and approvals with Finance and Treasury.
• Monitor settlement deadlines and outstanding receivables.
• Reconcile counterparty statements with trading and accounting records.
• Liaise with counterparties and internal teams to resolve issues.
• Maintain accurate settlement records and update systems.
• Support month-end closing, account reconciliations and audits.
• Follow internal controls and escalate exceptions promptly.

Skills

Numerical skills

Attention to detail

Communication

Problem solving

Education

Diploma or degree in Accounting, Finance, Business or related discipline

Tools

Microsoft Excel

ERP systems

Job description

Role Overview

We are seeking a Settlement Executive to manage the accurate and timely settlement of commodity trading transactions. The successful candidate will verify trade details, prepare invoices, coordinate payments and reconcile accounts, working closely with trading, operations and finance teams.

Key Responsibilities

• Process settlements for commodity purchases and sales in accordance with contractual payment terms.
• Verify trade details, pricing calculations, quantities and supporting documents before settlement.
• Prepare and check invoices, debit notes and credit notes.
• Coordinate payment instructions and supporting approvals with Finance and Treasury.
• Monitor settlement deadlines, outstanding receivables and payment discrepancies.
• Reconcile counterparty statements, receipts and payments against trading and accounting records.
• Liaise with counterparties and internal teams to resolve invoicing and settlement issues.
• Maintain accurate settlement records and update trading or accounting systems.
• Support month-end closing, account reconciliations and audit requirements.
• Follow internal controls and approval procedures, escalating exceptions promptly.
• Assist with improvements to settlement workflows and reporting.

Requirements

• Diploma or degree in Accounting, Finance, Business or a related discipline.
• 2 to 3 years of experience in settlements, trade accounting or finance operations, preferably within commodities trading.
• Good understanding of invoicing, payment processing and account reconciliation.
• Familiarity with commodity contracts, shipping documents and pricing mechanisms would be advantageous.
• Strong numerical skills and attention to detail.
• Proficient in Microsoft Excel; experience with ERP or commodity trading systems would be beneficial.
• Able to manage multiple transactions and meet tight deadlines.
• Good communication and problem-solving skills.