Job Description

We are representing a commodity trading house for a Trade Finance Executive position.

Responsibilities

• Prepare, process, and handle all trade finance related functions
• Issuance of TF related instruments to suppliers and counterparties, i.e. Import LC, SBLC, Guarantee, Bid Bonds, Performance bonds etc.
• Prepare, pre-check export LC and documents against contract and ILC to ensure compliant presentation
• Advise necessary amendments/revisions to ensure workability of all trade finance instruments
• Prepare ELC required documentation such as commercial invoice, beneficiary certificates, insurance certificates etc.
• Manage all aspects of trade settlement, import payments, applying for trust receipts loan, export negotiation, account receivables financing
• Entering payments into bank’s online platforms for funds transfer, payments, lines rebooking etc.
• Create, upload and update trade progress onto the in-house system platform
• Monitor and track payables/receivables of counterparties in in-house systems
• Coordinate with banks to obtain bank limits for confirmation and discounting, FX/treasury matters
• Liaise with other functional groups including traders, trade execution teams and accounting to resolve execution issues and provide assistance where necessary
• Assist with yearly audit process by sharing trade documentation, answering trade questions where necessary
• Familiarization with banking facilities, structures and limits to practically apply them to the physical trades executed to maximise leverage
• Assist in cargo insurance declarations
• Perform KYC of counterparty where necessary
• Assist in bank account opening procedures
• Facilitate innovation and work process improvements through idea generation and applying of business knowledge
• Ad-hoc improvement projects when assigned

• Minimum 2 years experience in commodities trade finance (back office or middle office) within a trading house or bank
• Understanding of UCP600, URC, ISBP and Incoterms