Trade Finance Operations Specialist (9-month Contract)
About the Role:
Our client, a well-established oil trading company, is seeking a dedicated Trade Finance Operations Specialist on a 6–9 month contract to cover a maternity leave. The ideal candidate will be available to start immediately and will support the company’s trade operations within the oil trading sector.
Key Responsibilities:
• Oversee daily trade operations including issuance and amendment of Letters of Credit (LCs), document confirmation, and monitoring payment due dates.
• Prepare and review Electronic LC (ELC) drafts to ensure compliance with contractual and internal requirements.
• Verify that received ELCs match LC drafts and generate amendment lists for discrepancies.
• Monitor and follow up with counterparties on LC and amendment statuses in a timely manner.
• Review bank application forms and trade operations documentation for accuracy.
• Validate and resolve discrepancies raised by banks, ensuring adherence to trade finance regulations and internal policies.
• Prepare and maintain management reports on trade finance activities.
• Collaborate with the Treasury Team to manage relationships with banking partners.
• Assist internal and external auditors by providing necessary documentation and explanations during audits.
• Drive continuous improvement initiatives to enhance operational efficiency.
Requirements:
• Bachelor’s degree in Accountancy or a related field, or an equivalent professional qualification (e.g., ACCA).
• Minimum of 3 years of relevant experience in trade finance or in an accounting firm.
• Strong understanding of LC practice rules (e.g., UCP600, ISP98).
• Proficient in SAP and Microsoft Office.
• Ability to work independently and meet tight deadlines.
• Bilingual in English and Mandarin with excellent communication skills for liaising with counterparties.
About the Role:
Our client, a well-established oil trading company, is seeking a dedicated Trade Finance Operations Specialist on a 6–9 month contract to cover a maternity leave. The ideal candidate will be available to start immediately and will support the company’s trade operations within the oil trading sector.
Key Responsibilities:
• Oversee daily trade operations including issuance and amendment of Letters of Credit (LCs), document confirmation, and monitoring payment due dates.
• Prepare and review Electronic LC (ELC) drafts to ensure compliance with contractual and internal requirements.
• Verify that received ELCs match LC drafts and generate amendment lists for discrepancies.
• Monitor and follow up with counterparties on LC and amendment statuses in a timely manner.
• Review bank application forms and trade operations documentation for accuracy.
• Validate and resolve discrepancies raised by banks, ensuring adherence to trade finance regulations and internal policies.
• Prepare and maintain management reports on trade finance activities.
• Collaborate with the Treasury Team to manage relationships with banking partners.
• Assist internal and external auditors by providing necessary documentation and explanations during audits.
• Drive continuous improvement initiatives to enhance operational efficiency.
Requirements:
• Bachelor’s degree in Accountancy or a related field, or an equivalent professional qualification (e.g., ACCA).
• Minimum of 3 years of relevant experience in trade finance or in an accounting firm.
• Strong understanding of LC practice rules (e.g., UCP600, ISP98).
• Proficient in SAP and Microsoft Office.
• Ability to work independently and meet tight deadlines.
• Bilingual in English and Mandarin with excellent communication skills for liaising with counterparties.