Total 2 job vacancies by United Energy (singapore) Resources Pte. Ltd.

Job description

Import and Export LC

- Review contract and provide feedback on Trade Finance related matters

- Prepare/ Review LC draft and ensure timely issuance of LC/SBLC (Import and Export) accordingly

- Provide Operation with any dispute in LC/SBLC formats

- To provide bank with necessary shipping docs upon request after shipment has been effected

- To update bank if there are any changes to the shipment plans

- Follow up with Operations for price confirmation to ensure timely presentation and payment

- Prepare Invoice, LOI and other documents according to export LC terms and conditions

- Prepare bank schedule and submit full set of export LC documents to bank on time

- Prepare final invoice if we have claimed under provisional invoice

- Follow up on export LC acceptance and payment

- Submit OBL to bank for LOI redemption

- Follow up with Operations on status of Import LC documents presentation

- Forward claims/discrepancies under import LC to Operations for their checking and acceptance

- Provide payment instructions to bank under import LC

- Liasie with bank if financing is required.

- Arrange with bank for collection of original documents under import LC

- LC related bank charges verification and recording

CASHFLOW

- Daily cash flow updating

- Prepare outward remittance form for cargo payment (open account), get approval and send to bank for timely processing

- Prepare remittance form for secondary cost payment, get approval and send to bank for processing

- Liaise with bank and monitor outgoing payments and incoming funds (open account)

- Prepare FD instruction and inter-bank funds transfer and send to bank for timely processing

- Reconcile cash flow report with bank statement and month end balance

Others

- Assist in bank account opening documents

- Assist in documents related to bank KYC, facility set up and review, etc. when it’s required

Job requirements:

Minimum of 3-5 years Trade Finance Experience in commodity trading (prefer oil trading) or bank trade finance dept

Familiar with Letter of credits(issuance, negotiation, confirmation, etc. ), Ucp600, TT Payments, cash flow, commodity trade knowledge and flows, bank credit facility structure,

Good communication skill with internal depts (accounts, trader, operation) and banks

Job Descriptons

The below to be conducted under the supervision of the GM, Operations Manager and relevant Trader(s), with specific work scope to include but not be limited to:

1. Vetting and drafting of contracts

2. Manage cargo operations including vessel operations, instructions on loading/discharging/inspections, quality & quantity control.

3. Coordination with external and internal parties on the relevant shipments

4. Letter of credit checking and liaising with finance team

5. Laytime calculation

6. Handling settlements of cargo with counterparties, preparing of invoices and payment instructions

7. Record/update the database related for each transaction

8. Other ad hoc assignments as necessary

Job Requirements

1. Minimum of 2-3 years of experience in operations management, particularly within the trading or oil and gas industry, directly relevant to (and in) the conducting of cargo and vessel operations/coordination type of work.

2. Competency in Mandarin to be able to liaise effectively and to understand Chinese documents will be a plus point.

3. Ability to work independently & professionally, as well as being a good team player with good communication skills.