Trade Operations Executive (Dry Bulk)

Onyx SG Pte Ltd; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A commodity trading multinational company in Singapore seeks a Trade Operations Specialist to ensure proper execution of shipments in line with contracts and regulations. You'll liaise with internal and external parties and manage shipping documentation for dry bulk commodities. Ideal candidates have a diploma in Business, plus experience in the dry bulk commodities sector and knowledge of trade processes.

Benefits

Good company benefits

Qualifications

• At least 3 years of working experience in the dry bulk commodities industry, preferably metals.
• Experience with laycan and demurrage, especially in FOB-CFR shipments.

Responsibilities

• Ensure all shipments are executed in accordance with contracts and regulations.
• Prepare L/C draft and liaise with banks for L/C issuance.
• Monitor shipment status and prepare shipping documents.

Skills

Knowledge in Letter of credit & UCP600

Strong knowledge of contractual commercial terms

Working experience in bulk shipping

Knowledge of International Metals Trade

Education

Diploma in Business or a related field

Job description

Our client is a Commodity Trading MNC with HQ in Japan, currently seeks a Trade Operations Specialist to join their Dry Bulk team.

Reporting to the Trade Operations Manager, the incumbent will be working in a team of 5 staffs. He / She will need to make sure all the shipment are properly executed in accordance to contracts and regulations, liaising with internal & external BUs, and ensuring timely & accurate inputs into the system.

The main duties will include prepare of L/C draft, liaise with banks for L/C issuance, update buyers & sellers on vessel movement, monitor shipment status, monitor demurrage & dispatch receivables or payables, prepare shipping documents for dry bulk commodities (E.g. coal, bauxite, iron ore, copper concentrate, lithium, etc), liaise with bank for L/C negotiations, and liaise with counterparts on vessel nomination, load and discharge port agent details, stowage plan etc. Additionally, he / she will need to be involved in risk management, liaise with the compliance team, as well as following up on accounts receivables / late payments.

Successful applicants can look forward to working in a structured environment with good company benefits.

REQUIREMENTS

• Min a Diploma in Business or a related field
• At least 3 year working experience in the dry bulk commodities industry, preferably metals
• Knowledge in Letter of credit & UCP600
• Strong knowledge of contractual commercial terms, including associated risks and obligations
• Working experience in bulk shipping, including the use of laycan and demurrage, especially in FOB-CFR shipments
• Knowledge of International Metals Trade, including trade procedures, B/Ls, B/Cs, L/C negotiation, Internal Control, and Security Trade Control, will be considered a strong advantage