Guarantee Processor - Trade Finance (7433)
thecommerc · CB Plaza, Vereinigte Staaten Von Amerika · Onsite
Job Summary
The job holder is responsible for the functioning of all work related to the letter of Guarantees.
Key Accountabilities
- Process all day-to-day activities related to the letters of Guarantees.
- Process issuance of letters of Guarantees, amendments, claims, expiries, and cancellations.
- Ensure applicable pricing rates applied in line with the stipulated CFR.
- Arrange for the appropriate referral, if any, in line with the stipulated DOA
- Attend customers’ calls and emails inquiries regarding guarantees business.
- Handle inquiries from correspondent banks.
- Ensure timely dispatch of guarantees related instruments and advice to customers/banks as applicable.
- Prepare swift messages related to payment of correspondent bank charges and encashment of guarantees.
Other Accountabilities
- Follow up on monthly, quarterly, semi-annually, and annually guarantees commission.
- Reconcile relevant Nostro/Vostro accounts.
- Prepare guarantees folders and further supervise the related filing and archiving as appropriate.
- Follows up for awaiting approval transactions.
Skills
- Ability to interact with internal and external stakeholders
- Ability to work under pressure
- Awareness of local cultural and social factors, and labour law provisions
Education
Banking Degree or equivalent qualifications.
Required experience:
0-2 years of banking experience is required.
