Trade Settlements Executive (Trade Finance)

CA Search Pte Ltd; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading oil trading firm in Singapore is seeking a meticulous Trade Settlements Executive for a one-year contract. This role involves managing end-to-end settlement activities, requiring strong knowledge of trade finance and payment processes. The ideal candidate will have at least 3 years of relevant experience, including working with Letters of Credit, and preferably have experience in the oil & gas trading sector. A salary range of SGD$6,000 – $7,500 per month is offered.

Qualifications

• Bachelor’s degree in Accounting, Finance, Banking, Commerce, Maritime Studies, or related disciplines.
• Minimum of 3 years of relevant experience in payments, invoicing, or trade finance.
• Knowledge of Letter of Credit (LC) processes is an advantage.
• Experience in the oil & gas trading sector is highly preferred.

Responsibilities

• Manage Accounts Receivable (AR) and Accounts Payable (AP) for physical product trading transactions.
• Issue Import Letters of Credit (LCs) and negotiate Export LCs with banks.
• Review and verify trade contracts to ensure accuracy and compliance.
• Work closely with the operations team on shipment schedules, documentation, and trade details.
• Follow up on internal approvals required for payment processing.
• Execute payments for cargo purchases and related direct expenses.
• Maintain accurate trade records in the system to support month-end closing activities.
• Provide timely AR/AP information to the Treasury team for cash flow forecasting and planning.

Skills

Knowledge of trade finance

Payment processes

Coordination with internal teams

Coordination with external stakeholders

Managing Accounts Receivable and Payable

Education

Bachelor's degree in relevant discipline

Job description

One Year contract

Client: Oil Trading Firm

Salary: SGD$6,000 – $7,500 per month

We are seeking a meticulous and proactive Trade Settlements Executive to manage end-to-end settlement activities for physical oil trading transactions. The position requires strong knowledge of trade finance, payment processes, and close coordination with both internal teams and external stakeholders to ensure timely and accurate settlement of trades.

Key Responsibilities

• Manage Accounts Receivable (AR) and Accounts Payable (AP) for physical product trading transactions.
• Issue Import Letters of Credit (LCs) and negotiate Export LCs with banks.
• Review and verify trade contracts to ensure accuracy and compliance.
• Work closely with the operations team on shipment schedules, documentation, and trade details.
• Follow up on internal approvals required for payment processing.
• Execute payments for cargo purchases and related direct expenses.
• Maintain accurate, up-to-date trade records in the system to support month‑end closing activities.
• Provide timely AR/AP information to the Treasury team for cash flow forecasting and planning.
• Perform other ad hoc duties as required.

Requirements

• Bachelor’s degree in Accounting, Finance, Banking, Commerce, Maritime Studies, or related disciplines.
• Minimum of 3 years of relevant experience in payments, invoicing, or trade finance.
• Knowledge of Letter of Credit (LC) processes is an advantage.
• Experience in the oil & gas trading sector is highly preferred.