ROLE: Trade Finance Associate
SALARY: S$4500 – S$6000
JOB TYPE: Full-time
JOB LOCATION: CBD
THE COMPANY
Soleum Energy Pte. Ltd., established in 2014 is a petroleum trading company which operates actively in Asia Pacific and European regions.
With our growing business, we are looking for a highly skilled and motivated Trade Finance Associate who is keen to work in an extremely fast paced and challenging environment. The Trade Finance Associate will play a crucial role in facilitating international trade transactions and ensuring smooth operations related to trade finance. This position requires a strong understanding of trade finance instruments, international banking practices, and exceptional organizational skills.
JOB RESPONSIBILITIES
- Assist in processing trade finance applications and documentation, adhering to global trade regulations and company policies.
- Collaborate with Trade Finance team members to prepare and review letters of credit, and other trade finance instruments.
- Ensure accuracy and completeness of trade finance documents and resolve any discrepancies to facilitate seamless transactions.
- Liaise with banks and financial institutions to track the progress of trade finance applications and transactions.
- Work closely with the commercial and operations teams to coordinate timely shipment of goods and manage trade finance-related communication.
- Assist in evaluating the creditworthiness of counterparties and partners involved in trade finance deals.
- Support in monitoring trade finance transactions, payment timelines, and collections.
- Keep abreast of changes in international trade regulations and compliance requirements to ensure adherence to all relevant laws and regulations.
- Maintain proper records and documentation for trade finance activities and transactions.
- Identify process inefficiencies and propose solutions to enhance trade finance operations.Act as a point of contact of trade finance queries.
- Perform other ad-hoc duties as assigned.
JOB REQUIREMENTS
- Bachelor’s degree in: Finance, Business Administration, or a related field.
- Min. 1-2 years of experience in trade finance, international banking, or a similar role.
- Proficiency in Microsoft Office Suite.
- Solid knowledge of trade finance products, and export/import financing.
- Exceptional attention to detail and meticulousness in managing multiple trade finance transactions simultaneously.
- Strong analytical and problem-solving skills to assess and mitigate trade-related risks.
- Good communication and interpersonal skill to collaborate effectively with internal teams and external partners.
- Ability to work independently under high pressure and meet tight deadlines in a fast-paced environment.
- A fast learner with a proactive attitude, willingness to acquire new knowledge is a plus.
- Equivalent experience in Oil & Gas industry is an advantage.
We thank you for your interest and will contact shortlisted candidates for more detailed discussion.