Responsibilities:
Pre-Trade Preparation:
- Prepare documentation for bank facility reviews.
- Communicate potential cargo line-up to traders and advise on estimated all-in financing costs.
- Coordinate with banks on financing options, available limits, and financing costs.
- Review trade deal recaps and contract payment terms.
- Send import and export LC drafts to banks and counterparties for review.
LC/SBLC Issuance:
- Coordinate documentation for LC applications with banks and counterparties.
- Handle inquiries from banks regarding LC issuance and amendments.
- Monitor vessel movement status and cargo value mark to market.
- Research and facilitate LC amount amendments as needed.
- Coordinate with counterparties and accounts departments on invoice values and payment due dates.
- Collate invoices and related documents for LC negotiation.
- Monitor cargo import arrival and export payment statuses.
- Rectify discrepancies in presented documents.
Filing, Recording, and P&L Reconciliation:
- Organize electronic and physical records of transactions and trade details.
- Coordinate with banks on potential charges related to trades.
- Perform P&L reconciliation.
- Handle any other ad-hoc duties and projects as assigned.
Requirements:
- Posses Degree or equivalent in Business, Economics, Trade, Supply Chain, or related discipline.
- At least 3 years of Trade Finance operation experience in commodities trading company or banks handling LC, SBLC and Collection.
- Practical knowledge of UCP600, ISBP745 and Incoterms 2020 would be an added advantaged
How to apply:
By submitting any application or resume to us, you will be deemed to have agreed and consented to us disclosing your personal information to prospective employers for their consideration.
We regret only shortlisted candidates will be notified.
Registration No.: R1101084
EA License No.: 20C0426 (Elitez & Associates)
