Treasury Executive (Commodities)

DIRECT SEARCH ASIA PTE. LTD.; Singapore; On-site; SGD 80,000 - 100,000; Full time

Job summary

A financial services company in Singapore seeks an experienced Trade Finance professional to manage banking relationships and payment processes. Responsibilities include monitoring shipments, resolving payment issues, and ensuring compliance with banking guidelines. Candidates should have over 6 years of trade finance expertise and be proficient in Excel and programming. This role involves multi-tasking and strong communication with various stakeholders.

Qualifications

• Minimum of 6 years of trade finance experience required.
• Experience in physical commodity trading in Asia is preferred.
• Strong knowledge of trade finance rules and banking procedures.

Responsibilities

• Monitor and allocate bank utilization for shipments.
• Communicate with operations to approve payment requests.
• Assist in resolving outstanding payment issues.

Skills

Trade finance experience

Communication skills

Excel and programming skills

Knowledge of trade finance processes

Ability to multi-task

Job description

Responsibilities

• Achieve in-depth understanding of available financing facilities
• Monitor, track, plan and allocate bank and utilization for all shipments across all lenders
• Detailed Cash flow updating, maintenance and planning in spreadsheet and system on deal by deal basis (weekly reporting) (spot and term deals cash requirements)
• Approach and present to banks new/adhoc financing requirements not within facility framework, security/collateral discussions n requirements, provide KYC etc
• Daily communication with operations team to approve payment requests by ensuring payment is valid and due for payment – tally and check of invoice and/or shipping documents
• Assist to resolve outstanding payment issues and discussions with counterparties
• Monitoring and maintenance of banking accounts across banks and lenders
• Monitor and track prepayment risk, open account risk, amortization repayment, stockpile loading schedules etc for reporting purposes
• Reconciliation of debtors and creditors list/outstanding payables and receivables
• Attending to and addressing internal and external stakeholders’ queries and inspections and monthly reporting – to be excel proficient, scripting and programming skills preferred
• Assist to expand and develop company’s banking relationship (review/negotiate term sheets, standard banking terms and conditions from Gulf /Europe banks etc)
• Understanding shipment & risk exposure and ensure relevant insurance in place eg. Marine open cover, assist in insurance declarations
• Assist in bank kyc & facility renewals, account opening procedures and adhoc tasks

Qualifications

• At least 6 years of trade finance experience
• Knowledge/previous experience in physical commodity trading in Asia
• Knowledge of trade finance, rules guidelines of UCP ISBP, banking TR procedures
• Good understanding of full suite of trade finance related terms, processes and functions (LC/collections/ shipping documents/contracts checking, LC/ Guarantee/ Bond issuances, monitor/effect payments)
• Excel and programming skills
• Able to multi-task and work in a challenging environment
• Team player, strong communication skills and to liaise with the different stakeholders