Analyst - Trade Finance

Why explore

• Opportunity to work in the Commercial Services structure
• Work on Rio Tinto’s top priorities and deliver lasting sustainable impact
• Gain exposure across our global commercial business
• Based in Singapore, a global commercial hub for Rio Tinto

About the role

We are looking for an Analyst - Trade Finance to join our Commercial Services unit.

If you are a highly motivated, analytical, and results-driven professional with excellent communication skills, intellectual curiosity, and a passion for tackling fast-paced commercial challenges, then this is the perfect opportunity for you.

Reporting to the Supervisor Trade Finance & Shipping Pacific, you will:

• Execute the Letter of Credit (LC) process from LC draft and to LC Swift vetting to ensure clean LCs are available for shipments on a timely basis.
• Support LC document presentations via the accurate creation of financial documents in SAP.
• Liaise with banks to secure the best confirmation rates for confirmed LCs and to resolve LC discrepancies and bank fee issues.
• Monitor prompt issuance of ATL (Authorization to Load) and accurate reporting of ATL/LC status to ports and scheduling team.
• Enhance customer credit monitoring report for Iron Ore & developed automated LC report for Bauxite to Credit team.
• Design & improve reports for mid-year and year-end LC discounting requirements.
• Actively participate in projects to efficiently deliver solutions for LC process and reporting
• Conduct root cause analysis for problems that occur and implement preventive measures.
• Act as a key point of contact to improve communication and process between Commercial Services and various stakeholders such as the Sales/Scheduling teams.
• Proactively identify business initiatives and automation improvements to enhance workflow, tracking, and reporting capabilities for the teams to meet business objectives.
• Perform data analysis/reporting activities in a timely and accurate manner.
• Training and monitoring new joiners in the team.

About you

To be successfully considered for this role, you will have:

• Bachelor's degree in either Accounting, Finance, or Commerce.
• At least 2 years of commercial, finance and/or treasury experience in a large multinational with previous experience working with or on commercial, finance and/or treasury-related issues.
• Excellent verbal and written communication skills and ability to reach out and build collaborative stakeholder relationships across different levels.
• Strong experience and background in Commodity Industry, preferably in bulk commodities.
• Supply Chain, Trade Finance, Shipping knowledge.
• International trade documentation / Letters of Credit are essential. Strong knowledge of Incoterms and UCP600.
• Ability to work well in a matrix environment and strong stakeholder management.
• Strong analytical and problem-solving skills.

It will also be beneficial if you have:

• Knowledge of Power BI or any other data analytics tools/applications.
• Experience using Salesforce.
• Prior experience in business improvement projects.
• The ability to comprehend business needs, convert them into requirements, and develop and execute an implementation plan.