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Trade Operations Specialist (Bulk Commodity) BG (ID: 702009)
Manufacturing Transport Logistics
Company shared salary
S$6,000–S$8,000/mo (S$72,000–S$96,000/yr)
Market rate
S$5,500–S$8,500/mo (S$66,000–S$102,000/yr)
Based on similar roles (title + domain + location).
Responsibilities
- ● Oversee the execution of shipments in line with contractual agreements for dry bulk commodities such as coal, iron ore, bauxite, copper concentrate, and lithium.
- ● Review contracts of sales and purchases post-trade confirmation to verify shipment details, including timing, commodity brand, and payment terms.
- ● Coordinate vessel nominations and collaborate with load and discharge port agents to ensure smooth operations.
- ● Manage the drafting and issuance of Letters of Credit, liaising with banks and customers throughout the process.
- ● Verify compliance of Letters of Credit and shipping documents with agreements, ensuring all documentation is accurate and complete.
- ● Monitor cash flow related to receivables and payables, ensuring transactions are processed within set timelines.
- ● Track and report shipment status and maintain accurate records of quality and quantity upon loading.
- ● Support the Front Office in contract review to minimize risk exposure and ensure adherence to internal policies.
- ● Collaborate with diverse departments to identify and resolve financial risks and ensure compliance with legal and regulatory requirements.
- ● Maintain the confidentiality of sensitive information and adhere to internal control procedures.
- ● Assist in any additional tasks that relate to Trade Operations as assigned.
Requirements
- ● Minimum Diploma in Business or a related field.
- ● A minimum of 5 years of experience in a dry bulk commodities role, with a focus on metals preferred.
- ● Strong knowledge of Letters of Credit and UCP600, as well as familiarity with bulk shipping terms and practices.
- ● Proficient understanding of commercial contractual terms, associated risks, and obligations.
- ● Understanding of International Metals Trade processes, including procedures for trade finance documents and risk management practices.
- ● Familiarity with the commodities market's common facilities and functionalities, including insurances and compliance with import duties and VAT.
- ● Proficiency in SAP financial modules and other commodities trading systems.
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