To perform various standard and specialized processing /clerical duties regarding Bills & LCs in order to initiate processing, liquidation, discounting and acceptance.
Education / Qualifications: Diploma in related studies / Higher Secondary School Certificate
Knowledge: International Customs and Practices (UCP600, URR725, ISBP2007, ISP98) and of Swift formats
Experience: 2 - 4 yrs in Documentary Credit Operations
Accountabilities:
Processing:
Initiate processing of LC, LG, Collection & Bills in the system to generate LC/LG Instrument / Arrival notifications and / or refusal advices to correspondent for discrepant documents and thereby obtain accurate financial data related to LC/LG/Coll and documents.
Settlement Processing: Process settlement of collection, bills & claims following approved policies and procedures and ensuring approval according to credit delegation.
Data Entry:
Clear outstanding entries in Nostro accounts and close utilized LG/LCs on the system, so that data is well organized.
Customer Relations:
Attend customer queries and respond with required information, ensuring adequate closure for all related queries.
Document Management:
Release documents to customer by acknowledgement of receipt and maintain adequate follow-up with customers on discrepant documents concerning their refusal / acceptance of documents.
Operational Compliance:
Adhere to the directives of Line Manager.
Corporate Governance:
Follow all relevant operational procedures and instructions so that work is carried out in a controlled and consistent manner.
Risk Management:
Conform to risk policies and procedures to minimize the error ratios and customer frauds.
AML Compliance:
Comply with AML and other policies. Ensure to stay updated on all existing rules and changes thereto.
Apply Online
Education / Qualifications: Diploma in related studies / Higher Secondary School Certificate
Knowledge: International Customs and Practices (UCP600, URR725, ISBP2007, ISP98) and of Swift formats
Experience: 2 - 4 yrs in Documentary Credit Operations
Accountabilities:
Processing:
Initiate processing of LC, LG, Collection & Bills in the system to generate LC/LG Instrument / Arrival notifications and / or refusal advices to correspondent for discrepant documents and thereby obtain accurate financial data related to LC/LG/Coll and documents.
Settlement Processing: Process settlement of collection, bills & claims following approved policies and procedures and ensuring approval according to credit delegation.
Data Entry:
Clear outstanding entries in Nostro accounts and close utilized LG/LCs on the system, so that data is well organized.
Customer Relations:
Attend customer queries and respond with required information, ensuring adequate closure for all related queries.
Document Management:
Release documents to customer by acknowledgement of receipt and maintain adequate follow-up with customers on discrepant documents concerning their refusal / acceptance of documents.
Operational Compliance:
Adhere to the directives of Line Manager.
Corporate Governance:
Follow all relevant operational procedures and instructions so that work is carried out in a controlled and consistent manner.
Risk Management:
Conform to risk policies and procedures to minimize the error ratios and customer frauds.
AML Compliance:
Comply with AML and other policies. Ensure to stay updated on all existing rules and changes thereto.
Apply Online
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