Job Summary
Join the trade operations team of a reputable international bank as a Bills Officer, where you will drive efficient processing and support of diverse trade finance transactions, ensuring compliance and accuracy in Letters of Credit, collections, and bank guarantees.
Responsibilities
- Process Letters of Credit by advising, amending, re-advising, and transferring to support trade finance transactions
- Manage inward and outward collections, disbursements, and negotiations to facilitate smooth trade settlements
- Verify trade documents for accuracy and compliance to ensure adherence to regulatory and internal standards
- Handle acceptance, payments, trust receipts, and banker guarantees to maintain transaction integrity
- Execute trade-related loan drawdowns and discounting to support client financing needs
- Perform journal entries and assist with month-end reporting to maintain accurate financial records
- Conduct compliance checks on sanctioned countries, vessels, trade routes, and counterparties to mitigate risks
- Participate in system enhancement initiatives, including User Acceptance Testing (UAT) and related projects, to improve operational efficiency
- Communicate effectively and coordinate with internal teams and external stakeholders to ensure seamless trade operations
- Work independently with meticulous attention to detail and demonstrate self-motivation to meet deadlines
Required competencies and certifications
- Hands-on experience of 1-3 years in Trade Finance operations
- Solid understanding of UCP600, ISBP745, and ISP98 rules governing trade finance instruments
- Skilled in vetting trade documents to ensure compliance and accuracy
- Experience with Letters of Credit issuance processes
Preferred competencies and qualifications
- Certified Documentary Credit Specialist (CDCS) certification is an added advantage
- Familiarity with system enhancement initiatives, including UAT and related projects
Other Information
- Employment Type: Permanent, Full-time
- Location: CBD, Singapore
