Trade Finance Specialist
3 days ago
A highly skilled Trade Finance Specialist is required to join our team at Singapore Petroleum Company Limited.
About the RoleWe are seeking a seasoned professional with extensive experience in Trade Finance to manage Import and Export issuance, handle accounts receivable and payable for physical products trading deals, and negotiate Letters of Credit (LC) on behalf of our company.
The ideal candidate will have a strong background in Finance/Banking/Commerce or Maritime Studies, with a minimum of 3-5 years of relevant experience in Trade Finance.
Key Responsibilities- Liaise with counterparties/bankers for Import and Export issuance, ensuring timely and accurate completion of transactions.
- Manage accounts receivable and payable for physical products trading deals, maintaining excellent relationships with suppliers and customers.
- Negotiate Letters of Credit (LC) with bankers, preparing and submitting necessary documents to facilitate trade.
- Collaborate with Operations to obtain trade/shipment information and ensure smooth payment signing processes.
- Handle cargo and direct expenses payments, adhering to strict deadlines and financial guidelines.
- Review trade contracts and maintain updated information in trade systems, ensuring compliance with regulatory requirements.
- Deliver accurate trade information for monthly closing to Accounts, providing valuable insights into business performance.
- Provide payment and collection information for funding arrangements to Treasury, supporting strategic decision-making.
- Degree in Finance/Banking/Commerce/Maritime Studies or equivalent.
- Minimum 3-5 years relevant experience in Trade Finance.
- Letters of Credit (LC) Knowledge will be an added advantage.
- Excellent interpersonal and communication skills, with the ability to build strong relationships with stakeholders.
- Good quantitative skills and meticulous attention to detail, ensuring accuracy and precision in all aspects of work.
A competitive salary of SGD 8,000 - SGD 12,000 per month, depending on experience, plus benefits including health insurance, retirement plan, and opportunities for career growth and development.
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