Toa Payoh - Trade Finance Executive-Crude Oil
Job Duties:
1）Managing the execution Imports & Export LC, LC confirmations, Discounting, Guarantees, Performance Bonds, Tenders etc.
2）Handling LC amendments, reviewing the underlying contracts, checking documentation, negotiating key terms with banks or internal stakeholders.
3）Be the principal and essential intermediary between operators and bank's LC functions as well as front-office.
4）Ensure follow up on all the documentary process and payments; Monitoring the daily financing needs for the Company's trading activities.
5）Working and maintaining relations with our key financing banks and internal stakeholders; Assisting in the structuring of prepayments and project financing structures.
6）Negotiating bilateral trade finance documentation with banks, both in English and Mandarin given the role.
7）Ensure that regulatory, bank's policies, guidelines, controls, and compliance requirements are adhered to. Identify documentary discrepancies, transaction exceptions and/or non-compliance with regulations and escalate them to the relevant parties for resolution.
8）Any other duties as assigned.
Job Requirements:
1）Minimum Bachelor's Degree or equivalent
2）Detailed knowledge of UCP600, ISBP and ISP98 and general commodity trading incoterms
3）2 years' experience in Trade Finance/Structured Trade Finance department in the Oil & Gas Industry or Banks
4）Good understanding of physical trading operations and inventory management- Meticulous and able to work independently and meet tight deadlines
- Proficiency in Mandarin to be able to liaise effectively with native Mandarin-speaking stakeholders and to understand Chinese documents