Trade Finance

2 weeks ago

Singapore WATERSTONE CONSULTING PTE. LTD. Full time

**Duties & Responsibilities**_: _**
- Coordinate day-to-day Trade finance operations.

**_Pre-Trade Preparation: _**
- Prepare documentations for bank facility review.
- Communicate with the traders on potential cargos line-up and advise traders on the estimated all-in financing cost.
- Cooperate with the banks on financing options, available limits, and itemized financing cost.
- Review trade deal recap, contract payment terms with stakeholders.
- Prepare and send import and export LC drafts and form(s) to banks and counterparties to vet.

**_LC/SBLC Issuance: _**
- Handle enquires from banks regarding the LC issuance and LC amendment request.
- Monitor vessel movement status.
- Research on mark to market of the Cargo value.

**_LC Negotiation & Payment: _**
- Compile draft commercial and shipping documentations (i.e. BL, Invoices, LOI).
- Monitor daily MTM unit price of the LCs and request for amendment of the LCs’ amount.
- Computing provisional and final price calculation.
- Coordinate with counterparties and accounts department(s) on the invoice value and payment due date.
- Collate invoices and related documents, if any, to the Bank for LC negotiation.
- Monitor cargo import arrival notice status and export payment status.
- Perform rectification on discrepancies for documents presented.

**_Filing, Recording and P&L Reconciliation: _**
- Organize all electronic and physical records of all transactions, trade details for the cargo under the LC and cost ledger.
- Minimize any errors and coordinate with banks on the possible charges to be incurred related to the trade.
- Any other ad-hoc duties and projects assigned from time to time. Including Know-Your-Customers (KYC) registration with counterparties, sanction and compliance checks using intelligence software and work with Accounts department on fixed deposit placement)
- Work and act as contact point for clients, internal and external stakeholders for timely updates.

**Skills & Competencies**:

- Degree or equivalent in Business, Economics, Trade, Supply Chain, or related discipline.
- At least 2-3 years of Trade Finance operation experience in commodities trading company or banks handling LC, SBLC and Collection.
- Practical knowledge of UCP600, ISBP745 and Incoterms 2020.
- Knowledge and understanding of Incoterms and their respective risk and title transfer progress.
- Strong verbal and written communication skills in English and Mandarin.
- Strong organizational skills, including multitasking and time-management.
- Ability to work in a fast-paced environment and willing to commit extra hours to meet timeline.
- Ability to establish good working relationships with relevant counterparties.Experience with Microsoft office software (Excel, Word, PowerPoint).

Resumes collected will be kept in strict confidence and used for recruitment purposes only.

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