•3 to 7 years’ experience in back office/ops or trade finance or settlements or accounting payables gained in commodity trading firms
•Has some or all of the following relevant exp covering: Trade invoicing, settlements, contract price calculation/verification, Stand by Letter of Credit application
•Hedging exp and Basic knowledge of derivatives is useful but this is not a must.
Our client is a renowned oil & gas/ LNG trading MNC based in town. For this role, you will support all LNG trade related supporting activities (both paper and physical trading) such as Trade invoicing, settlements, contract price calculation/verification, Stand by Letter of Credit application. This is a perm role.
PRINCIPAL DUTIES / RESPONSIBILITIES:
•Responsible for all derivatives transactions related to supporting activities ;
-Review and provide comments for ISDA (payment terms, confirmation sign- off etc).
-Check and verify paper transaction against OTC counterparties confirmation, FCM daily statement and ICE & CME report.
-Prepare document for internal approval.
-Prepare and verify settlement price calculation.
-Prepare and issue disbursement instruction and invoice in the system.
-Preparation for monthly, quarterly closing.
-REMIT Reporting.
-Check and verify of settlement invoices with OTC counterparties and brokers.
•Review and provide comments for SPA & CN (business days, payment terms, interest rate, SBLC format etc).
•Liaising with buyer/seller and bank on SBLC format, ensuring SBLC is workable.
•Responsible for all spot LNG trade related supporting activities. E.g. Trade invoicing, settlements, contract price calculation/verification, Stand by Letter of Credit application
•Verification function to ensure all trades are booked correctly, liaising with front office or counterparties for any discrepancies in a timely manner.
•Establish excellent working relationship and providing quality service, ensuring speedy resolution to both internal business partners and external global counterparties.
•Support continuous review processes to identify opportunities that will help maximise value.
•Maintain accurate records within relevant systems.
•Escalate and communicate any contract compliance discrepancies, logistics and other risk areas to the Superiors.
•Ad-Hoc duties assigned by superiors
REQUIRED ABILITY AND EXPERIENCE:
•Basic accounting rules
•Around 3 to 7 years’ experience in back office or trade finance or settlements or accounting payables gained in commodity trading firms
•Has some or all of the following relevant exp covering: Trade invoicing, settlements, contract price calculation/verification, Stand by Letter of Credit application
•Hedging exp gained in trading set up is useful.
•Basic knowledge of derivatives is useful but this is not a must.
•Oil & Gas or LNG commodity trading experience is useful but not a must.
•Accuracy and ability to meet tight deadlines
•Attention to detail
•Proficient in MS Office
To apply, pl send your cv in word doc to resume@cap-cg.com. Pl also include details on your current salary, expected salary and notice period in your cv.
We regret to inform that only shortlisted candidates will be notified.
Posted by:
CAP Consulting (EA license: 14C7175)
Caroline Poh (EA Registration: R1105649)
Date ad is posted - 4 May 2023
