Trade Operations Specialist (Central/ $8K) BG (ID: 680620)

PERSOL; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A prominent logistics firm in Singapore is looking for a Trade Operations Specialist to manage shipment operations for dry bulk commodities. The successful candidate will be responsible for liaising with stakeholders, managing contracts, and ensuring compliance with regulations. Candidates should have at least 5 years of experience in dry bulk commodities and a strong understanding of Letters of Credit and trade procedures. This role offers a dynamic environment with opportunities for growth.

Qualifications

• At least 5 years of experience in a dry-bulk commodities position.
• Strong knowledge of shipping practices and the use of laycan and demurrage.
• Familiarity with International Metals Trade procedures.

Responsibilities

• Ensure timely and accurate inputs into system and spreadsheet.
• Liaise with counterparts on vessel nomination and load/discharge details.
• Monitor cashflow for both receivables and payables.

Skills

Knowledge of Letter of credit & UCP600

Proficient understanding of contractual commercial terms

Knowledge of the commodities market

Proficiency in SAP system

Education

Minimum Diploma in business

Tools

SAP (financial module)

Commodities Trading Systems

Job description

Our client, a well-known company is looking for candidates for the position of Trade Operations Specialist, Bulk Commodities.

SUMMARY
The main role of a Trade Operations Specialist is to ensure all shipments are executed accordingly tocontracts and regulations, ensure timely and accurate inputs into system and spreadsheet, manage internaland external stakeholders’ requirements to ensure seamless operations as well as monitor receivables fromcustomers and follow up in the event of delay payments. The individual will be reporting to the TradeOperations Manager for Bulk Commodities.

RESPONSIBILITIES

Trading Operations (70%)

• Understand contractual terms and obligations to fulfill shipment requirements for dry bulkcommodities (E.g Coal, iron ore, bauxite, copper concentrate, lithium, etc)

• Upon confirmation of trade, examine contracts of sales and purchase to confirm timing,commodity brand, terms of payment

• Liaise with counterparts on vessel nomination, load and discharge port agent details, stowageplan etc.

• Prepare LC draft and liaise with banks for LC issuance.

• Liaise with customers on LC opening, verifying bank creditability, resolve discrepancies and havecustomers issued LC on timely basis.

• Verify LC and other information to ensure compliance with agreement.

• Prepare and ensure shipping documents to comply with LC requirements. Liaise with bank directlyfor LC negotiation

• Update buyers and sellers on vessel movement

• Check and/or prepare invoices and relevant documents from supplier / to Buyer to ensurecompliance with terms of agreement.

• Prepare letter of indemnity (if required).

• Prepare lay time calculations (demurrage, dispatch), for buyer calculate discharging lay time, forseller; resolve issues as required.

• Monitor cashflow for both receivables and payables.

• Ensure all month end transactions are complete within stipulated timeline.

• Updates system to ensure cash flow is sufficient to process payment.

• Monitor shipment status using an Excel tool.

• Upon loading of shipment, record quality, quantity, bill of lading and all shipping documents;checking against buyer’s LC or shipping instructions.

• Monitor demurrage and/or dispatch receivables or payables.

• Work collaboratively with the team to provide support and coverage as required.

Risks Management and Compliance (20%)

• Support and advise Front Office in Contract review, revision and recommendation to ensurerisk exposure is minimized

• Monitor and ensure that credit limits are not exceeded

• Identify area of transactions/ financial risks/ variance relating to trade, and ensure that such risksare addressed/ mitigated

• Collaborate with the team to ensure all transactions are executed accordingly to internal rules andescalate if required.

• Work with various departments to determine amicable solutions.

Compliance (5%)

• Maintain privacy and confidentiality of information, protect the assets of the organization, reportnon-compliance, and ensure adherence to all application laws and regulations

• Adhere to internal control and compliance procedures

• Liaise with the Compliance team to review, update and improve internal control processes on atimely basis

Others (5%)

• Any other tasks relevant to Trade Operations, (e.g,. system testing) as may be assigned bysupervisor

REQUIREMENTS

• Minimum Diploma in business

• At least 5 years of experience in a dry-bulk commodities position, preferably metals.

• Strong Knowledge of Letter of credit & UCP600

• Familiarity with shipping (bulk) and usage of laycan and demurrage, particularly on FOB-CFRshipments

• Proficient understanding of contractual commercial terms and its risks & obligations

• Knowledge of International Metals Trade (related to procedural flow of trade, B/Cs, B/Ls, L/Cnegotiation, Security Trade Control, Internal Control) will be favorably considered.

• Knowledge of the commodities market and common facilities/functionalities required in the market

• Insurances, AEO, Import duties, VAT and Compliance

• Proficiency in SAP system (financial module) & Commodities Trading Systems
  

EA License No.: 01C4394 (PERSOLKELLY Singapore PTE LTD)


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