Trade Operations Specialist (Central/ Bulk) BG (ID: 685891)

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

Job summary

A prominent company in trade operations is seeking a Trade Operation Specialist to manage all aspects of trade operations for dry bulk commodities. The ideal candidate will have a minimum of 5 years' experience, in-depth knowledge of Letters of Credit and shipping procedures, and strong commercial acumen. This role offers a chance to work in a dynamic environment, ensuring compliance with contracts while liaising with various stakeholders.

Qualifications

• Minimum Diploma in Business or related field.
• A minimum of 5 years’ experience in dry bulk commodities, with a focus on metals.
• In-depth knowledge of Letters of Credit (UCP600) and shipping procedures, especially in FOB-CFR contexts.
• Strong understanding of commercial contractual terms and associated risks.
• Familiarity with international metals trade procedures, financial controls, and compliance measures is advantageous.
• Insights into the commodities market, insurance processes, import duties, and VAT regulations.
• Proficient in using SAP financial modules and commodities trading systems.

Responsibilities

• Manage all aspects of trade operations for dry bulk commodities.
• Examine sales and purchase contracts upon trade confirmation.
• Coordinate with counterparts for vessel nominations and shipping details.
• Prepare necessary banking documents including Letters of Credit.
• Ensure timely issuance of LCs by liaising with customers.
• Verify shipping documents for compliance with LC requirements.
• Facilitate invoicing and prepare letters of indemnity when required.
• Calculate lay time and manage receivables/payables.
• Conduct month's end transactions to ensure timely completion.
• Collaborate with team members to support operational needs.
• Advise front office on contract reviews to mitigate risks.
• Monitor credit limits and escalate transaction risks.
• Ensure adherence to compliance and internal control procedures.

Job description

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

RESPONSIBILITIES

• Manage all aspects of trade operations for dry bulk commodities, ensuring compliance with contractual terms.
• Examine sales and purchase contracts to confirm timing, brand, payment terms, and other critical details upon trade confirmation.
• Coordinate with counterparts for vessel nominations, load and discharge agent details, and stowage plans.
• Prepare necessary banking documents, including Letters of Credit (LC), and manage communications with banks for issuance and verification.
• Ensure timely opening of LCs by liaising directly with customers and resolving any discrepancies.
• Verify shipping documents for compliance with LC requirements and monitor vessel movements while updating stakeholders.
• Facilitate invoicing and ensure compliance with contractual agreements; prepare letters of indemnity when required.
• Calculate lay time and manage receivables/payables related to demurrage or dispatch.
• Conduct month's end transactions to ensure timely completion and update the system to reflect sufficient cash flow for payments.
• Collaborate with team members to support operational needs and provide coverage as necessary.
• Advise front office on contract reviews and revisions to mitigate financial risks.
• Monitor credit limits and identify areas of transaction risks, escalating issues as needed.
• Ensure adherence to privacy, compliance, and internal control procedures while collaborating with departments to find solutions.

REQUIREMENTS

• Minimum Diploma in Business or related field.
• A minimum of 5 years’ experience in dry bulk commodities, with a focus on metals.
• In-depth knowledge of Letters of Credit (UCP600) and shipping procedures, especially in FOB-CFR contexts.
• Strong understanding of commercial contractual terms and associated risks.
• Familiarity with international metals trade procedures, financial controls, and compliance measures (B/Cs, B/Ls, LC negotiation, Security Trade Control, Internal Control) is advantageous.
• Insights into the commodities market, insurance processes, import duties, and VAT regulations.
• Proficient in using SAP financial modules and commodities trading systems.

Interested candidates who wish to apply for the advertised position, please click on “Apply”. We regret that only shortlisted candidates will be notified.

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