Trade Operations Specialist (Dry Bulk/up to 8k)

PERSOL SINGAPORE PTE. LTD.; Singapore; On-site; SGD 80,000 - 110,000; Full time

Job summary

A leading commodities trader in Singapore is seeking an experienced trade operations manager. In this role, you will manage trade operations for dry bulk commodities, ensuring compliance with contractual terms and handling all necessary banking documents. Candidates should have at least 5 years of experience in the dry bulk commodities sector, particularly metals, and possess deep knowledge of shipping procedures. This is an excellent opportunity to work in a dynamic environment that promotes professional growth.

Qualifications

• Minimum of 5 years’ experience in dry bulk commodities, focusing on metals.
• In-depth knowledge of shipping procedures in FOB-CFR contexts.
• Strong understanding of associated financial risks.

Responsibilities

• Manage all aspects of trade operations for dry bulk commodities.
• Coordinate vessel nominations and prepare necessary banking documents.
• Ensure compliance with contractual agreements and timely invoicing.

Skills

Knowledge of Letters of Credit (UCP600)

Understanding of commercial contractual terms

Familiarity with international metals trade procedures

Proficient in using SAP financial modules

Insights into the commodities market

Education

Diploma in Business or related field

Tools

SAP

Job description

Brief Summary:

Join a leading player in the commodities industry known for its strong market presence and commitment to operational excellence. This organization offers a dynamic environment that fosters professional growth and development, making it an attractive workplace for individuals passionate about bulk commodities and trade operations.

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, L/Cnegotiation, 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.