Trade Settlements Specialist, AR/AP & LC Expert

CA SEARCH PTE. LTD.; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

An oil trading firm is seeking a meticulous and proactive Trade Settlements Executive on a one-year contract to manage end-to-end settlement activities for physical oil trading transactions. The ideal candidate will have a Bachelor’s degree in Accounting or Finance and 3-5 years of experience in payments and invoicing. Strong knowledge of accounts receivable and payables is essential. The position requires close coordination with internal teams and external stakeholders to ensure timely settlements.

Qualifications

• 3-5 years of relevant experience in payments, invoicing, or trade finance.
• Knowledge of Letter of Credit (LC) processes is an advantage.
• Candidates in non-oil & gas trading sector can be considered.

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.
• Execute payments for cargo purchases and related direct expenses.
• Maintain accurate trade records in the system to support monthly closing activities.

Skills

Strong knowledge of payment processes

Accounts Receivable (AR) management

Accounts Payable (AP) management

Strong negotiation skills

Education

Bachelor’s degree in Accounting, Finance, Banking, Commerce, Maritime Studies, or related disciplines

Job description

An oil trading firm is seeking a meticulous and proactive Trade Settlements Executive on a one-year contract to manage end-to-end settlement activities for physical oil trading transactions. The ideal candidate will have a Bachelor’s degree in Accounting or Finance and 3-5 years of experience in payments and invoicing. Strong knowledge of accounts receivable and payables is essential. The position requires close coordination with internal teams and external stakeholders to ensure timely settlements.