Trade Settlements Executive

Roles & Responsibilities

Client : Oil Trading Firm

Salary : SGD$6,000 – $7,500 per month

We are seeking a meticulous and proactive Trade Settlements Executive to manage end-to-end settlement activities for physical oil trading transactions. The position requires strong knowledge of trade finance, payment processes, and close coordination with both internal teams and external stakeholders to ensure timely and accurate settlement of trades.

Key Responsibilities

Manage Accounts Receivable (AR) and Accounts Payable (AP) for physical product trading transactions.

Issue Import Letters of Credit (LCs) and negotiate Export LCs with banks.

Review and verify trade contracts to ensure accuracy and compliance.

Work closely with the operations team on shipment schedules, documentation, and trade details.

Follow up on internal approvals required for payment processing.

Execute payments for cargo purchases and related direct expenses.

Maintain accurate, up-to-date trade records in the system to support month-end closing activities.

Provide timely AR / AP information to the Treasury team for cash flow forecasting and planning.

Perform other ad hoc duties as required.

Requirements

Bachelor’s degree in Accounting, Finance, Banking, Commerce, Maritime Studies, or related disciplines.

Minimum of 3 years of relevant experience in payments, invoicing, or trade finance.

Knowledge of Letter of Credit (LC) processes is an advantage.

Experience in the oil & gas trading sector is highly preferred.

Tell employers what skills you have

Accounts Payable

Treasury

Microsoft Office

Microsoft Excel

Invoicing

Event Management

Bank Reconciliation

Trade Finance

Accounts Receivable

Accounting

Banking

Foreign Exchange

Scheduling

Sourcing

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