Trade Operations Specialist

Brief Summary

Join a dynamic team as an Operations Specialist, where you will play a crucial role in managing shipments and ensuring compliance with regulations. This position offers the opportunity to engage with various stakeholders and contribute to the operational efficiency of bulk commodities trading.

Responsibilities

1. Oversee the execution of shipments in line with contractual agreements for dry bulk commodities (e.g., coal, iron ore, bauxite, copper concentrate, lithium).
2. Review contracts of sales and purchases post-trade confirmation to verify shipment details, including timing, commodity brand, and payment terms.
3. Coordinate vessel nominations and collaborate with load and discharge port agents to ensure smooth operations.
4. Manage the drafting and issuance of Letters of Credit (LC), liaising with banks and customers throughout the process.
5. Verify compliance of LC and shipping documents with agreements, ensuring all documentation is accurate and complete.
6. Monitor cash flow related to receivables and payables, ensuring transactions are processed within set timelines.
7. Track and report shipment status and maintain accurate records of quality and quantity upon loading.
8. Support the Front Office in contract review to minimize risk exposure and ensure adherence to internal policies.
9. Collaborate with diverse departments to identify and resolve financial risks and ensure compliance with legal and regulatory requirements.
10. Maintain the confidentiality of sensitive information and adhere to internal control procedures.
11. Assist in any additional tasks that relate to Trade Operations as assigned.

Requirements

1. Minimum Diploma in Business or related field.
2. A minimum of 5 years of experience in a dry bulk commodities role, with a focus on metals preferred.
3. Strong knowledge of Letters of Credit and UCP600, as well as familiarity with bulk shipping terms and practices.
4. Proficient understanding of commercial contractual terms, associated risks, and obligations.
5. Understanding of International Metals Trade processes including procedures for trade finance documents, and risk management practices.
6. Familiarity with the commodities market's common facilities and functionalities, including insurances and compliance with import duties and VAT.
7. Proficiency in SAP financial modules and other commodities trading systems.