Trade Finance Officer
- Employer
- Hill Newton Recruitment Limited
- Location
- Central London, UK
- Salary
- Competitive
- Closing date
- Nov 13, 2019
View more
- Job Role
- Finance Manager
- Sector
- Finance
- Contract Type
- Permanent
- Hours
- Full Time
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• Preparation of outward (Import) Documentary Credits against customer applications
• Check Credit lines, approval status and insurance policies if applicable
• Check documentary credit received and highlight error(s) if any.
• Prepar e thematic review check list and make sure the same has been signed by the authoriser.
• Seek clarification on amendments before advising to the beneficiary / first or second advising bank. If all in order input details required in T.I. system for documentary credit advised option.
• Ensure all incoming messages pertaining to documentary credit(s) / amendment(s) / confirmation(s) and correspondences are mapped in T.I. and processed in a timely manner.
• Prepare swift message to the reimbursing bank for confirmation of reimbursement authority.
• Ensure all approvals / rate and allocations are in place.
• In case of no authority, approach the issuing bank and intimate the reason for rejection of reimbursement authority.
• After receiving confirmation of reimbursement authority, prepare confirmation ticket for approval to credit department.
• After receipt of confirmation ticket duly signed by credit department, pass liability and ensure that entry in T.I / equation is reflecting correctly. Also ensure that proper confirmation letter been generated from T.I. system.
• Map incoming messages pertaining to export documentary credit(s) / amendment(s) / confirmation(s) and correspondence(s).
• Process subject transactions in T.I. and make sure all relevant documents are being generated correctly before submitting for authorisation.
• First or second check the documents within 48 hours of receipt, complete check list charges schedule and discrepancies list
• Ensure discrepancies are advised to the beneficiaries and the presenting bank within a reasonable time by phone, fax, letter, email and swift to ensure appropriate action taken on instruction of the beneficiaries / presenting bank
• Check and sign schedule for dispatch of documents Prepare payments on export/Import DC, Inward/Outward DC and claims under Guarantee promptly and schedule are correctly prepared and authorised on T. I
• Check Credit lines, approval status and insurance policies if applicable
• Check documentary credit received and highlight error(s) if any.
• Prepar e thematic review check list and make sure the same has been signed by the authoriser.
• Seek clarification on amendments before advising to the beneficiary / first or second advising bank. If all in order input details required in T.I. system for documentary credit advised option.
• Ensure all incoming messages pertaining to documentary credit(s) / amendment(s) / confirmation(s) and correspondences are mapped in T.I. and processed in a timely manner.
• Prepare swift message to the reimbursing bank for confirmation of reimbursement authority.
• Ensure all approvals / rate and allocations are in place.
• In case of no authority, approach the issuing bank and intimate the reason for rejection of reimbursement authority.
• After receiving confirmation of reimbursement authority, prepare confirmation ticket for approval to credit department.
• After receipt of confirmation ticket duly signed by credit department, pass liability and ensure that entry in T.I / equation is reflecting correctly. Also ensure that proper confirmation letter been generated from T.I. system.
• Map incoming messages pertaining to export documentary credit(s) / amendment(s) / confirmation(s) and correspondence(s).
• Process subject transactions in T.I. and make sure all relevant documents are being generated correctly before submitting for authorisation.
• First or second check the documents within 48 hours of receipt, complete check list charges schedule and discrepancies list
• Ensure discrepancies are advised to the beneficiaries and the presenting bank within a reasonable time by phone, fax, letter, email and swift to ensure appropriate action taken on instruction of the beneficiaries / presenting bank
• Check and sign schedule for dispatch of documents Prepare payments on export/Import DC, Inward/Outward DC and claims under Guarantee promptly and schedule are correctly prepared and authorised on T. I
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