Treasury, Trade Finance
- Full time
- Singapore, Singapore View on Map
- posted 1 week ago
- Posted: January 24, 2025 -Accepting applications
Job Detail
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
Requirement:
• 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
