Trade finance officer
Company Profile
Cathay Petroleum is an independent trading company committed to moving energy responsibly across global markets. Headquartered in Singapore with offices in Hong Kong and London, we operate with a flat organizational structure that enables fast decision-making, clear accountability, and direct collaboration across teams.
Our expertise lies in moving crude oil and refined products safely and efficiently across international supply chains, balancing market dynamics with the needs of our partners.
Position Overview
The Trade Finance Officer will be part of the Trade Finance team in Singapore, supporting the crude oil trading business. He/she will report to the Trade Finance Manager.
POSITION: TRADE FINANCE OFFICER
KEY RESPONSIBILITIES
Transaction Management- Prepare and negotiate LC formats with counterparties and banks.
- Update deal recaps, monitor and handle transactions from start to end and keep transactions position.
- sheet up to date.
- Manage and allocate transactions to banks.
- Update banks about status of transactions and provide LC issuance / payment instructions when
- required.
- Reconcile hedge position and allocate them to banks.
- Prepare invoicing and document presentation to banks.
- Follow up receivables and payables relating to cargo financing.
- Monitor the cash position with treasury department and liaise with banks to book loans.
- Assist the team in specific process enhancement projects and/or any other reporting requirements.
- Willing to take on bank account opening/KYC documentation and/or additional task/s if required.
- 4 - 5 years working experience in trade commodity finance with an energy trading company or with a bank in a middle office role.
- Well-versed in UCP/ISBP. Familiarity with technicalities of LC issuance, confirmation, discounting and other forms of transactional security is essential.
- Able to manage transactions from start to end and pre-empt potential pitfalls.
- Detailed-oriented, accurate, reliable, good time management and responsive.
- Ability to communicate well, work independently and under pressure.
- Capacity to work within a team.
- Commitment to work.
COMPENSATION
Salary will commensurate with qualifications & experience. Please submit your resume to: [email protected]
We regret to inform that only shortlisted candidates will be notified.