Trade Finance Specialist

SYNERGI RESOURCES PTE. LTD.; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A company specializing in trade finance in Singapore is seeking a Trade Finance Specialist to support trading operations in oil or liquid cargo transactions. The role emphasizes accuracy, compliance, and building banking relationships while coordinating shipments. Candidates should have 3–6 years of experience in trade finance, particularly with oil or liquid cargo. This position offers work-life balance and a supportive team environment.

Benefits

Work-life balance with flexible working hours

Focused environment with less operational stress

Small and supportive team

Qualifications

• Minimum 3–6 years of experience in trade finance or trade operations.
• Experience in handling oil or liquid cargo documentation is essential.
• Detail-oriented and able to work independently.

Responsibilities

• Review and manage trade finance operations for import/export transactions.
• Prepare and verify accurate trade and shipping documents.
• Coordinate shipments with suppliers, buyers, and freight forwarders.
• Monitor accounts receivable and payment collections.

Skills

Hands-on experience in oil or liquid cargo transactions

Strong understanding of LCs and UCP 600

Detail-oriented and organized

Strong communication skills

Education

Diploma or equivalent working experience

Job description

Job Overview

We are seeking a Trade Finance Specialist with hands‑on experience in oil or liquid cargo transactions to support our trading operations. This role is not high‑volume (less than 5 shipments per month) but emphasizes accuracy, compliance, banking relationships, financing optimization, and documentation excellence. You will play a key role in managing trade finance processes, strengthening relationships with banks, and ensuring smooth financial and shipment coordination.

Key Responsibilities

1. Trade Finance & Banking Support

• Review, verify, and manage day‑to‑day trade finance operations for import/export transactions.
• Establish and maintain strong banking relationships to support financing requirements.
• Assist in optimizing B2B credit lines, banking facilities, and LC limits.
• Handle Letters of Credit (LC) issuance, amendments, negotiation, discounting, trust receipt financing, and document presentations to banks in compliance with UCP 600.
• Manage bank account opening, documentation, and maintenance.
• Coordinate telegraphic transfers (TT)

2. Documentation & Compliance (Low Volume, High Accuracy)

• Prepare and verify accurate trade and shipping documents including commercial invoices, Bills of Lading (B/L), COO, COQ, sales/purchase contracts, etc.
• Ensure full compliance with INCOTERMS, LC terms, UCP 600, ISBP guidelines, and company policies.
• Maintain organized and audit‑ready trade finance records.
• Escalate any discrepancies or exceptions in documentation or trade transactions to Management promptly.

3. Logistics & Shipment Coordination

• Coordinate up to 3–5 shipments per month with suppliers, buyers, vessel operators, freight forwarders, and terminals.
• Track shipment schedules, ensure timely submission of shipping documents for bank negotiation and customs clearance.
• Resolve minor discrepancies in documentation, shipment details, or bank requirements efficiently.
• Monitor cargo movement, discharge arrangements, and timely document release.

4. Receivables, Payments & Financial Reporting

• Monitor accounts receivable and payment collection to ensure timely cash inflow.
• Manage inward/outward remittances, invoice discounting, LOI redemption, and settlement of trade transactions.
• Assist in cash flow forecasting (short‑term and long‑term), funding requirements, and credit line utilization.
• Support month‑end closing activities and trade finance reporting.
• Reconcile and monitor bank credit lines and financial records.

Requirements

• Minimum 3–6 years of experience in trade finance or trade operations, preferably in Oil & Gas or commodities trading.
• Experience in handling oil or liquid cargo documentation is essential.
• Strong understanding of LCs, UCP 600, INCOTERMS, B/L documents, treasury transactions, and international trade settlements.
• Experience in an SME/small trading environment is an advantage.
• Diploma or equivalent working experience — Degree not required.
• Detail‑oriented, highly organized, and able to work independently with minimal supervision.
• Strong communication skills for dealing with banks, suppliers, shipping agents, and internal stakeholders.

Why Join Us?

• Work‑life balance with flexible working hours.
• Low shipment volume (less than 5 per month) — more focus on accuracy and financial optimization rather than operational stress.
• Small and supportive team where your contribution is recognized and valued.
• Opportunity to establish, enhance, and streamline trade finance processes and banking support as the company grows.