Bills & Trade Operations Executive (LCs, Collections & Guarantees)

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