Full Time Letter of Credit Specialist Jobs, Salary up to SGD 8,000 in HOLCIM SHIPPING PTE. LTD. Central Region (Singapore) - Maukerja

COMPANY OVERVIEW
Holcim Trading (HT) is the trading arm of Holcim Group, the world leader in innovative and sustainable building materials. HT is specialized in meeting the needs of customers and suppliers around the world through a unique portfolio of products and services provided from offices in Zurich, Singapore and Miami.

HT is a leading international trader and seaborne logistics operator who delivers, through a team of dedicated specialists, solutions for the seaborne import and export of raw materials and finished goods both to Holcim Group companies as well as to third party businesses. 

SUMMARY OF THE JOB
The Letter of Credit Specialist is the subject matter export of all Letter of Credit (LC), Standby LC and guarantee topics of HT&S and reports to the Head of Treasury & Insurance.

Key responsibilities are the operational excellence of import and export LC partnering with the Trading Operations team for a seamless process.

The LC Specialist ensures:

• Submission of LC applications via relevant bank trade finance platforms,

• Implementing controls for mitigation of any risks related to LC

• Tracking the proper execution of LC

• Training internal stakeholders in LC matters
  

MAIN ACTIVITIES / RESPONSIBILITIES

Business objectives:

• Guide and support Trading Operators for the day-to-day processing of LC, Collection and Trade Finance transactions

• Enable issuance of Standby and Commercial Letter(s) of Credit upon proper approval/receipt of required application documentation

• Review of Export LC drafts

• Examine documents to be presented under all types of LC for compliance to terms and conditions targeting clean presentations

• Counsel stakeholders on technical aspects of trade finance products/processes

• Drive the integration and use of AI in the day to day LC processes

• Enable Trading Operators for the input of the transactions into the relevant bank trade finance platforms

• Review LC documents for inconsistencies, advise the rectification of discrepancies where needed 

• Foster communicate with Trading Operators regarding LC terms and conditions

• Maintain the LC process (Operating Model) in collaboration with Treasury and Operations team

• Train the Organization on LC matters

Risk management

• Ensure adherence to the Holcim Code of Business Conduct, Trading and Shipping policies and all relevant Holcim policies

• Protection of the Holcim Group reputation and brand value for relevant seaborne trading activities

• Anticipation, mitigation and resolution of trade incidents under the Trading team’s guidance, providing suggestions on mitigations strategies.

• Alerts to the Head of Treasury, TO Team Leaders and/or relevant Trading Operators and Traders in case of material risk, deviance from the delegation of authority or any risk of breach of applicable Policies, in line with HT’s segregation of duties.

• Strict compliance with the Operation Operating model (process, tools etc)