Assistant Manager Trade Finance
Meezan Bank Ltd
Total years of experience :14 years, 11 Months
Duties & Responsibilities:
My roles and responsibilities in Meezan Bank are listed below:
• Take up, examine and Negotiate documents presented under Export LCs and Export Contracts according to relative SBP and international rules and procedures, observe discrepancies if any, notify concerned party and forward same to Treasury.
• Input transactions data to the Trade Finance automated System according to the type of the product, generate relative accounting vouchers, relative swift messages, relative advices and letters.
• Prepare and initial, as maker, all relative financial and non financial transactions and post same to Intellect as well and ensure timely and accurate posting procedure.
• Prepare messages in Swift to the correspondent banks in case of clarification/ratification of irregularities.
• Prepare and pass reconciling entries according to section head instructions in response to reconciliation inquires received from accounting department.
• Follow up with in conjunction with accounting section of commission receivables and send periodical reminders to secure timely resolution and full settlement of outstanding items.
• Prepare daily trial balances of all outstanding related to Trade Finance Liabilities, ageing reports of sundry A/Cs.
• Must ensure compliance with all regulatory requirements associated with the Trade Finance business and will investigate, analyze and resolve enquiries email, swift in consultation with the section head and will manage own time effectively. To resolve operational issues promptly and comply with escalation procedures so as to effectively reduce exposure and control risks.
• To submit the complete file to section head for review and verify/approval to ensure the processing of the transaction in an accurate and timely manner in compliance with all internal policies and other relevant regulations.
• To ensure that the daily processing and reporting functions and procedures are performed accurately and promptly complying with internal and external controls and other relevant regulatory directives escalating any issues to the section head immediately.
• To build strong working relationships with Business counterparts, Support Services and to maximize co- operation for effective results.
• To work closely with the Section Head to ensure that the operations objectives and initiatives are met and the operational problems are resolved promptly and effectively.
• To continuously challenge processing, making recommendation based on day to day experience to maximize automation opportunities whenever possible to improve work flows and cost efficiencies and reduces operational risks.
• Receive and verify invoices and requisitions for goods and services.
• Verify that transactions comply with financial policies and procedures.
• Prepare batches of invoices for data entry.
• Data enter invoices for payment.
• Process backup reports after data entry.
• Manage the weekly cheque run.
• Record all cheques.
• Prepare vendor cheques for mailing.
• List all vendor cheques in the log book.
• Prepare manual cheques as and when required.
• Maintain listing of accounts payable.
• Maintain the general ledger.
• Maintain updated vendor files and file numbers.
• Print and distribute monthly financial reports.
• Lodgement of Export Bills.
• Scrutnization of Documents Foreign Documentary Bills Purchased & Foreign Documentary Bills for Collection.
• Preparation of scrutiny sheets under letter of credit (LC) Terms.
• Dispatch of Export documents.
• Negotiation of Foreign Export documents.
• Marking of Maturity Dates of Export Bills.
• Realization of payments of Foreign Documentary Bills Purchased & Foreign Documentary Bills for Collection.
• Coding of Export Forms against payments.
• Preparation and submission of State Bank of Pakistan Foreign Exchange Returns.
• Letter Of Credit advising.
• Letter of Guarantee issuance and cancellation.
• Lodgement of Export Bills.
• Scrutnization of Documents Foreign Documentary Bills Purchased & Foreign Documentary Bills for Collection.
• Preparation of scrutiny sheets under letter of credit (LC) Terms.
• Dispatch of Export documents.
• Negotiation of Foreign Export documents.
• Marking of Maturity Dates of Export Bills.
• Realization of payments of Foreign Documentary Bills Purchased & Foreign Documentary Bills for Collection.
• Coding of Export Forms against payments.
• Preparation and submission of State Bank of Pakistan Foreign Exchange Returns.
• Letter Of Credit advising.
• Letter of Guarantee issuance and cancellation.
• Any other assignment given by line manager
• Processing and record keeping of local / foreign inward and outward remittance procedures, pay orders, demand drafts.
• Weekly/Monthly monitoring and reporting of Key Service Indicators to assure service standards.
• Cash Receipt.
• Cash Payment.
• Dealing with foreign currency Transactions.
• Utility Bills Services.
• Cash Transportation.
• Opening of customer accounts.
• Amendment of customer accounts.
• Closing of customer accounts.
• Blocking and De-blocking of customer accounts.
• Re-activation of customer accounts.
• Signature capture.
• Signature deletion.
• Know your customer (KYC) form filing.
• Link limits to signatures.
• Ensure the execution of workflow and SLA with branches and other departments of the bank.
• Execution of customers’ special instructions.
• Account to Account Transfer.
• Cash Cell Operations.
• Processing of Cheques.
• National Prize Bond (NPB).
• Vault and Safe.
• Processing of inward & outward clearing at branch level.
• Call Back Procedure.
• Cash Payment through Order Cheque