Job Description

Analyst - Trade FinanceWhy explore

• Opportunity to work in the Commercial Services structure
• Work on Rio Tinto\'s top priorities and deliver lasting sustainable impact
• Gain exposure across our global commercial business
• Based in Singapore, a global commercial hub for Rio Tinto

About the roleWe are looking for an Analyst - Trade Finance to join our Commercial Services unit.If you\'re a highly motivated, analytical, and results-driven professional with excellent communication skills, intellectual curiosity, and a passion for tackling fast-paced commercial challenges, then this is the perfect opportunity for you.Reporting to the Supervisor Trade Finance & Shipping Pacific, you will:

• Execute Letter of Credit (LC) process from LC draft and to LC Swift vetting to ensure clean LCs are available for shipments on timely basis.
• Support LC document presentations via accurate creations of financial documents in SAP.
• Liaise with banks to secure best confirmation rates for confirmed LCs and to resolve LC discrepancies and bank fee issues.
• Monitor prompt issuance of ATL (Authorization to Load) and accurate reporting of ATL/LC status to ports and scheduling team.
• Enhance customer credit monitoring report for Iron Ore & developed automated LC report for Bauxite to Credit team.
• Design & improve reports for mid-year and year-end LC discounting requirements.
• Actively participate in projects to efficiently deliver solutions for LC process and reporting
• Conduct root cause analysis for problems that occur and implement preventive measures.
• Act as a key point of contact to improve communication and process between Commercial Services and various stakeholders such as the Sales/Scheduling teams.
• Proactively identify business initiatives and automation improvements to enhance workflow, tracking and reporting capabilities for the teams to meet business objectives.
• Perform data analysis/reporting activities in a timely and accurate manner.
• Training and monitoring new joiners in the team.

About youTo be successfully considered for this role, you will have:

• Bachelor degree in either Accounting, Finance, or Commerce.
• At least 2 years of commercial, finance and/or treasury experience in a large multinational with previous experience working with or on commercial, finance and/or treasury related issues.
• Excellent verbal and written communication skills and ability to reach out and build collaborative stakeholder relationships across different levels.
• Strong experience and background in Commodity Industry, preferably in bulk commodities.
• Supply Chain, Trade Finance, Shipping knowledge.
• International trade documentation / Letters of Credit are essential. Strong knowledge of Incoterms and UCP600.
• Ability to work well in matrix environment and strong stakeholder management.
• Strong analytical and problem-solving skills.

It will also be beneficial if you have:

• Knowledge of Power BI or any other data analytics tools/applications.
• Experience using Salesforce.
• Prior experience in business improvement projects.
• The ability to comprehend business needs, convert them into requirements, develop and execute an implementation plan.

What we offer

• A work environment where safety is always the number one priority
• A permanent position working directly for Rio Tinto
• A competitive base salary reflective of your skills and experience with annual incentive program
• Comprehensive medical benefits including health insurance for employees and immediate family
• Attractive share ownership plan
• Company provided insurance cover
• Career development & education assistance to further your technical or leadership ambitions
• Leave for all of life\'s reasons (vacation/annual, paid parental, sick leave)

Where you will be workingThe Commercial group is focused on maximising the value of our products, growing value in the marketplace through partnership with the company\'s customers, suppliers, product groups and Group functions. Headquartered in Singapore, and integrated with Rio Tinto\'s assets, hubs, and offices globally, Commercial\'s purpose is to provide the commercial insights to drive value along the mine-to-market value chain. Commercial incorporates and utilises the knowledge and capabilities of the global Sell (Sales & Marketing), Buy (Procurement), and Move (Marine & Logistics) organisations, supported by the Commercial Finance functions including Business Analysis, Market Analysis, Risk, Finance Business Partners, Commercial Treasury and other functions, to ensure our approach to business is driven by a commercially astute and innovative mind-set.The Commercial group came under the leadership of the Chief Commercial Officer in 2018.About usAs pioneers in mining and metals, we produce materials essential to human progress.Our long history is filled with firsts. We\'ve developed some of the world\'s largest and best quality mines and operations, and our people work in around 35 countries across six continents. Aluminium and copper, diamonds, gold and industrial minerals, iron ore, coal and uranium: our materials make up the world around us. You\'ll find then in smartphones, planes, cars, hospitals and throughout your home.Creating an inclusive and diverse workforceWe are a diverse team of talented, enthusiastic individuals who foster a culture of inclusion. No matter how they may differ, our people share one thing in common. It\'s a belief that work is more rewarding when we are accepted and valued for our differences, not judged by them. We all have something to contribute, and it\'s this contribution that makes for a great organization and fulfilling career.Application Deadline: 29 May 2024 (Rio Tinto reserves the right to remove job postings prior to the stated closing date)Please note, in order to be successfully considered for this role you must complete all pre-screening questions.Rio Tinto does not accept unsolicited CVs or candidate profiles from recruiters or employment agencies. Rio Tinto will not consider or agree to payment of any referral compensation or recruiter fee relating to unsolicited CVs or candidate profiles. Rio Tinto reserves the right to hire those candidate(s) without any financial obligation to the recruiter or agency. Any unsolicited CVs or candidate profiles, including those submitted to hiring managers, are deemed to be the property of Rio Tinto.\xe2\x80\x9d

Rio Tinto