Letter of Credit Officer
Oger Systems Company Limited
مجموع سنوات الخبرة :20 years, 1 أشهر
1. Issues import and export letters of credit and accept payments, Notifies exporters (Suppliers) and importers (Clients) of issuance of letters of credit covering shipment of merchandise. Reviews letter of credit documents to determine compliance with international standards. Verifies terms of credit, such as amount, insurance coverage, and shipping conditions to determine compliance with established standards.
2. Obtains necessary information to process and complete letters of credit and related financial transactions. Verifies all documentation for accuracy and completeness. Ensures all credit data is evaluated and adheres to company’s policies and procedures in order to approve or deny applications.
3. Co-ordinate with local and foreign banks to monitor incoming L/C’s.
4. Communicate with advising banks regarding L/C confirmation.
5. Preparation of export documentation for negotiation ensuring all the documents sent to the bank are in compliance with L/C requirements.
6. Monitor incoming funds received for export bills and instruct the negotiating/collecting banks to take the necessary actions if payments are not received upon maturity.
7. Handling of Import Documentary Collections.
8. Prepare bank correspondence on matters pertaining to confirmation, acceptance or rejection of L/C’s.
9. Preparation of reports pertaining to Issuance of the Import and Export L/C’s.
10. Tracking reports of Import L/C’s settlements.
11. Reports Preparation on Unpaid Export L/C’s bills.