Finance Executive

This role sits within SK Energy International.

About SK Energy International (SKEI)

SKEI markets and trades crude oil and petroleum products. The company was incorporated in 1990 and is based in Singapore. SK energy international operates as a subsidiary of SK trading international.

The Finance Executive will be a member of Treasury Group in Singapore, reporting to the Group Leader, CPBDO – SKEI Biz Support – Treasury Group and supporting our commodities trading business. Requirements and Roles include:

• Support increase in trade flows and transactions of 2 overseas subsidiaries
• Expand Singapore treasury /trade finance / finance functions to improve workflow operations to Europe/US counterparts
• Enhance collaboration and foster strong partnerships amongst Group Companies
• Liaise with suppliers on Import LC and SBLC formats, negotiating terms in line with contract agreements and internal policies
• Coordinate with banks to ensure timely issuance of Import LC and SBLC
• Monitor schedule closely to ensure timely receipt of Export LCs from buyers
• Negotiate terms according to contract agreements and ensure that Export LCs are in order
• Liaise with banks, business teams, legal and back-office support to coordinate all trade finance activities and resolve any issues promptly
• Maintain and update trade finance records and prepare regular reports for management
• Prepare daily payments using an in-house system and keeping track of all incoming funds
• Preparation of daily and monthly bank reconciliation
• Stay updated with the latest trade finance products, market trends, and regulatory changes
• Take on ad hoc finance-related projects as required
• Participate in job rotation within the finance team to support cross-functional skills and business continuity

Generic Competencies (Basic Level)

Communication& Co-ordination Skills

• Communicate information with others, respond to general inquiries and obtain specific information. Meet stakeholders’ needs and expectations in handling internal services. Face challenges with a positive mindset, demonstrate an understanding of the Organization’s service vision, mission and values

Strategic Thinking Skills

• Identify easily perceivable problems and follow given guidelines and procedures to solve the problems

Leadership Competencies (Basic Level)

Task Leading: Accurately identify the purpose and goals of a given task and perform the task to meet deadline

People Leading: Ensure optimum and efficient use of resources. In the process of carrying out employee's tasks, make full use of the capabilities the employee has and strive to strengthen its own capabilities. Contribute as a team player in the process of business promotion

Self-Leading: Demonstrate professionalism to set a good example at peer level. Support others through own initiative and enthuse others through own positive and energetic approach

Candidate Profile

A self-motivated individual who value integrity, have willing brain engagement in going the extra miles to provide excellent and create happiness and values to stakeholders. A strong candidate should possess the following:

• Minimum 3 years of finance experience, preferably within a commodity trading business
• Minimum 3 years of handling shipping INCO terms, UCP and ISP
• Must have import LC/SBLC experience
• Minimum Diploma in Finance/Business Admin or equivalent
• Proficient in MS Excel
• Knowledge of SAP/THOR is an added advantage
• At ease with working in a multicultural environment and ability to interact effectively with individuals of all levels in the organization
• Effective team player with strong stakeholder management skills
• Highly motivated and organized individual who exhibit strong integrity, work ethics and ability to perform under pressure
• Strong understanding of trade finance products and international trade procedures
• Excellent knowledge of regulatory compliance related to trade finance
• Strong analytical, communication, and negotiation skills

Salary will be commensurate with qualifications & experience. Only shortlisted candidates will be notified, typically within 2 weeks from the closing date of the posting.