Trade Finance

A competitive salary package
5 days work week
Outstanding career development opportunity

JOB DESCRIPTION

Overall job objectives:
Responsible for import/export letter of credit, expenses reimbursement and vendor payment, cashflow,
reports & others.
CORE RESPONSIBILITIES:

Import Letter of Credit
Check LC/SBLC draft from supplier against purchase contract/deal recap and the governance trade
rules.
Send LC/SBLC draft to issuing bank to vet through.
Liaise with contract and operation colleagues for any issues pertaining to the LC issuance.
Together with the observations from the issuing banks, send the final draft to supplier for acceptance
before issuance.
Once draft accepted, prepare bank application and obtain authorized signatory for issuing bank’s
issuance.
Email to supplier a copy of the LC/SBLC after issuance and update into report timely.

Export Letter of Credit
Provide LC/SBLC draft to customers as well as check LC/SBLC draft from customers before
issuance.
Ensure LC/SBLC draft complies with our sales contract and the governance trade rules.
Ensure LC to be issued from our approved bank lists. If not, LC to add confirmation.
Liaise with contract and operation colleagues for any issues pertaining to the LC issuance.
Once draft accepted, customers to issue LC/SBLC and after receipt of LC copy from bank, ensure it
was issued in good order before informing operations on loadings to be commenced.

Expenses Reimbursement and Vendor Payment
Prepare all payment vouchers for employee reimbursement and vendor payments.
Issue cheques for reimbursement less than S$1,000.

Cash Flow
Maintain cashflow and ensure funds are duly received or paid to avoid any late receipt or payment.
Daily update cashflow positions.

Reports
Maintain bank charges or interest report by sub-books.
Update “HYII Facilities Position FY18” daily for review.

Others
Proper filing of LC documents.
Verify all LC commissions, related bank charges are correct.
Any Ad-Hoc duties as assigned.

JOB REQUIREMENTS:
Degree in accountancy or finance. Fresh Graduates are welcome to apply.
Good working knowledge of SAP.
Good knowledge of Trade Finance process, such experience to handle import/export letter of
credit, for expenses reimbursement and vendor payment, maintain cashflow smoothly.
Must be meticulous and possess flair for figures.
Well versed in Microsoft Office (Excel, Word etc).
Independent yet a team player.
Strong initiative.
Good communication and interpersonal skills.
Bilingual in English and Mandarin preferred (to liaise with Mandarin speaking associates).
Ensure cash flow is posted on time.