Trading Operations Associate (Iron Ore Trading)

The Supreme HR Advisory Pte Ltd; Singapore; On-site; SGD 39,000 - 67,000; Full time

Job summary

The Supreme HR Advisory Pte Ltd is seeking a Trading Operations Associate in Singapore to manage end-to-end contract execution for iron ore trades. You will coordinate shipments, handle LC payments, and liaise with internal teams to ensure smooth settlement and risk management.

Ideal candidates have a Bachelor’s or Diploma in relevant fields, at least 2 years of experience, and proven exposure to LC and shipments within commodity trading.

Qualifications

• Bachelor's Degree or Diploma in International Trade, Maritime Mathematics, Statistics, Finance, Logistics, Business Management, Economics, or related field.

Responsibilities

• Keep an accurate understanding and ensure correct application of commodity contracts and obligations.
• Negotiate contract terms with miners and external customers and align internally to facilitate signing.
• Plan and execute shipments in accordance with commodity contracts.
• Interpret contract terms and execute payments/receivables, including LC, DP/DA, per terms.
• Assist in cargo planning, including vessel nomination, shipping advice, insurance declaration, port agent appointment, loading/discharge operations.
• Manage shipping documents and payments; issue accurate invoices and shipping documents by miners.
• Issue provisional, preliminary final, and final invoices timely per terms.
• Handle AR/AP settlements, including laytime, freight differentials, etc.
• Maintain strong relationships with customers; identify opportunities and risks.
• Liaise with Commercial, Risk, Finance, Shipping to resolve issues.
• Recommend improvements to trade execution processes.

Skills

LC handling

Shipment planning

Contract negotiation

Iron ore experience

Education

Bachelor's or Diploma in International Trade/Maritime/Finance

Job description

Position: Trading Operations Associate
Location: Tanjong Pagar
Working Days: Monday – Friday (5 days)
Working Hours: 9:00am – 6:00pm
Salary: S$3,500 – S$6,000

Key Responsibilities

• Keep an accurate understanding and ensure the correct application of commodity contracts and contractual obligations.
• Negotiate contract terms with miners and external customers and align internally to facilitate contract signing.
• Plan and execute shipments in accordance with commodity contracts.
• Accurately interpret contract terms and execute payments/receivables, including Letters of Credit (LC), DP/DA, and other payment methods, in accordance with contractual terms.
• Assist in cargo planning, including vessel nomination, shipping advice, insurance declaration, discharge port agent appointment, and loading/discharge operations.
• Manage shipping documents and payments, ensuring accurate invoices and shipping documents are issued by miners.
• Issue provisional, preliminary final, and final invoices in a timely manner according to contractual terms.
• Handle AR/AP settlements, including laytime, freight differentials, and other related matters.
• Maintain strong relationships with customers while proactively identifying opportunities and highlighting potential risks or exposures.
• Liaise with various departments, including Commercial, Risk, Finance, and Shipping, to resolve operational issues.
• Recommend improvements to enhance the effectiveness and productivity of trade execution processes.

Requirements

• Bachelor's Degree or Diploma in International Trade, Maritime Mathematics, Statistics, Finance, Logistics, Business Management, Economics, or a related discipline.
• At least 2 years of relevant working experience.
• Must have experience handling LC and shipment
• Experience with iron ore products is required