Ju Yee Ong
Crude oil operator at Mitsui & Co. Energy Trading Singapore Pte. Ltd. (METS)- Claim this Profile
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Bio
Experience
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Mitsui & Co. Energy Trading Singapore Pte. Ltd. (METS)
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Singapore
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Oil and Gas
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1 - 100 Employee
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Crude oil operator
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Nov 2020 - Present
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Pacific Commerce (Holdings) Pte. Ltd.
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Singapore
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Oil and Gas
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1 - 100 Employee
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Operations Executive
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May 2019 - Oct 2020
• Handling Refined products (Mainly petrochemical)- Drafting of Sales/Purchase contract.- Vessel nomination and movement monitoring to ensure smooth cargoes delivery.- Liaise with supplier, buyer, and agents on shipment schedule.- Appoint surveyors for quality and quantity testing.- Vetting of LC drafts from finance department and handling the documentation of the shipments.- Do price confirmation & settlement with external counter parties- Purchasing of insurance for cargoes shipment- Calculation & negotiation of demurrage with suppliers & buyers- Report monthly P&L for each shipment & monitor derivatives paper & physical exposure. - Liaise with Traders, Shipping, Legal and Finance department for related issues in the trading chain. - Work closely with the China domestic market refineries and trading companies for cargo operations/shipment related issues.
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Market Risk Management Officer
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May 2018 - 2019
• Handle soft commodities products like Soy Bean, Soy bean Meal, Corn & Wheat:- Manage the MTM PnL daily risk report- Analyse and reconcile physical and derivatives trades with traders & trade admin department- Streamlining daily Risk & Credit supplier reporting processReason for leaving: Operations ceased in Dec’19 to move back to Tokyo • Handle soft commodities products like Soy Bean, Soy bean Meal, Corn & Wheat:- Manage the MTM PnL daily risk report- Analyse and reconcile physical and derivatives trades with traders & trade admin department- Streamlining daily Risk & Credit supplier reporting processReason for leaving: Operations ceased in Dec’19 to move back to Tokyo
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Market Risk Management Officer
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Feb 2017 - May 2018
• Handled Crude & Fuel oil product:- Manage the daily risk position/exposure of the company - Prepare risk analysis report along with MTM P&L report, Delta & VaR.- Prepare monthly market & position analysis report by collecting information and summarizing them through meetings with traders.- Grasp physical positions and understanding blending operation to ensure that the traders’ evaluation of the blending component is suitable- Prepare monthly hedge sheet for traders to grasp all derivatives position and to advise traders on daily hedging & any adjustment to be done.
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Trade Support Officer
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Apr 2015 - Feb 2017
• Assist traders with the daily booking of trades via the trading system (MUREX) & ensuring trades are in line with deal recaps.• Assist operators in finalizing trades in the system once shipping documents are received. • Draft & negotiate Import/Export letter of credit (LC) with external counter parties.• Keep track of the cargoes delivery to ensure documentations are in placed as well as freight & cargo insurance settlement.• Liaise with risk management department to ensure the daily profit and loss report position is correct.• Liaise with accounts department on Receivables/Payables • Price confirmation & settlement with external counter parties• Arrange demurrage claims settlements & submit monthly demurrage report to claim specialist for reconciliation.• Prepare Monthly/Quarterly joint venture Profit and loss calculation report & settlement to traders. • Endorsement of Bill of lading & preparation of Proforma invoices to counter parties.
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OCBC Bank
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Indonesia
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Banking
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700 & Above Employee
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Polytechnic trainee bank officer
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Apr 2012 - Sep 2012
• Loans and Credit Card Application Processor/maker• Approvals of Credit card applications • Process and check customers eligibility for applying extra cash loans and credit card within a time frame.• Do background checks like money laundering, employment verification, fraud history, income verification and analyzing credit bureau to access if customers are qualified for certain products & credit limit that can be granted to customers• Learnt the process of KYC checks, SIBS & CRM system (SIEBEL) to check on customer’s information etc. • Do up calculations on the credit limit to potential customers.
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