Analyst - Trade Finance

2-5 years
6000 - 7800 SGD monthly
6 days ago
Job Description

Why explore

  • Opportunity to work in the Commercial Services structure
  • Work on Rio Tinto's top priorities and deliver lasting sustainable impact
  • Gain exposure across our global commercial business
  • Based in Singapore, a global commercial hub for Rio Tinto

About the role

We are looking for an Analyst - Trade Finance to join our Commercial Services unit.

If you are a highly motivated, analytical, and results-driven professional with excellent communication skills, intellectual curiosity, and a passion for tackling fast-paced commercial challenges, then this is the perfect opportunity for you.

Reporting to the Supervisor Trade Finance & Shipping Pacific, you will:

  • Execute the Letter of Credit (LC) process from LC draft and to LC Swift vetting to ensure clean LCs are available for shipments on a timely basis.
  • Support LC document presentations via the accurate creation of financial documents in SAP.
  • Liaise with banks to secure the best confirmation rates for confirmed LCs and to resolve LC discrepancies and bank fee issues.
  • Monitor prompt issuance of ATL (Authorization to Load) and accurate reporting of ATL/LC status to ports and scheduling team.
  • Enhance customer credit monitoring report for Iron Ore & developed automated LC report for Bauxite to Credit team.
  • Design & improve reports for mid-year and year-end LC discounting requirements.
  • Actively participate in projects to efficiently deliver solutions for LC process and reporting
  • Conduct root cause analysis for problems that occur and implement preventive measures.
  • Act as a key point of contact to improve communication and process between Commercial Services and various stakeholders such as the Sales/Scheduling teams.
  • Proactively identify business initiatives and automation improvements to enhance workflow, tracking, and reporting capabilities for the teams to meet business objectives.
  • Perform data analysis/reporting activities in a timely and accurate manner.
  • Training and monitoring new joiners in the team.

About you

To be successfully considered for this role, you will have:

  • Bachelor's degree in either Accounting, Finance, or Commerce.
  • At least 2 years of commercial, finance and/or treasury experience in a large multinational with previous experience working with or on commercial, finance and/or treasury-related issues.
  • Excellent verbal and written communication skills and ability to reach out and build collaborative stakeholder relationships across different levels.
  • Strong experience and background in Commodity Industry, preferably in bulk commodities.
  • Supply Chain, Trade Finance, Shipping knowledge.
  • International trade documentation / Letters of Credit are essential. Strong knowledge of Incoterms and UCP600.
  • Ability to work well in a matrix environment and strong stakeholder management.
  • Strong analytical and problem-solving skills.

It will also be beneficial if you have:

  • Knowledge of Power BI or any other data analytics tools/applications.
  • Experience using Salesforce.
  • Prior experience in business improvement projects.
  • The ability to comprehend business needs, convert them into requirements, and develop and execute an implementation plan.

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