Letter of Credit Executive

2-5 years
54000 - 84000 SGD
Job Description

Trade Finance Specialist - Energy and Commodities industry (DRY BULK)

Location: CBD


  • Perform all functions related to trade finance, including preparation, processing, and handling of trade finance instruments.
  • Issue import letters of credit, standby letters of credit, guarantees, bid bonds, performance bonds, and other trade finance instruments to suppliers and counterparties.
  • Verify the compliance of export letters of credit and documents against contracts and import letters of credit.
  • Recommend necessary amendments and revisions to ensure the usability of all trade finance instruments.
  • Create commercial invoices, beneficiary certificates, insurance certificates, and other required ELC documentation.
  • Manage trade settlement, import payments, trust receipts loans, export negotiation, and account receivables financing.
  • Enter payments into the bank's online platforms for funds transfer, payments, lines rebooking, and other purposes.
  • Record and update trade progress on the in-house system platform.
  • Monitor payables and receivables of counterparties on in-house systems.
  • Coordinate with banks for bank limits confirmation, discounting, FX/treasury matters, and other related tasks.
  • Collaborate with traders, trade execution teams, and accounting to resolve execution issues and provide assistance where necessary.
  • Assist with the yearly audit process by sharing trade documentation and answering trade-related questions.
  • Gain familiarity with banking facilities, structures, and limits to practically apply them to physical trades and maximize leverage.
  • Help with cargo insurance declarations and perform KYC of counterparties when required.
  • Assist in bank account opening procedures.
  • Generate ideas and apply business knowledge to facilitate innovation and process improvements.


  • The candidate must be already based in Singapore
  • At least 4 years relevant experience in commodities trade finance (oil, enery, bulk, metals, agri) within a trading house or bank
  • Understanding of UCP600, URC, ISBP and Incoterms

EA Licence no. 18S9419 | EA Personnel no. R2197703

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