Trade Finance Team Leader
Saradar Bank SAL
Total des années d'expérience :13 years, 10 Mois
Trade Finance Officer - Trade Finance Department
• Ensure the handling and follow-up of documentary credit and letter of guarantee files, in conformity with regulations and procedures.
• For the Letter of Credit:
- Receiving the original letter of credit application form from the branch along with a letter of issuance of a new LC.
- Obtaining credit approval/corporate recommendation (as the case may be) for every LC issuance or increase.
- Verifying the application according to the latest version of UCP.
- Checking with compliance department that all LC’s parties are not black listed.
- Coordinate with treasury department to assure the availability of sufficient funds with our correspondent bank.
- Preparing swift and send it to operation department.
- Receiving final swift and send it to the related branch.
- Receiving and verifying documents related to the letter of credit issued according to the latest version of UCP and ISBP.
- Sending the documents to the concerned branch along with a letter showing all discrepancies if any and instructions to act accordingly.
- Follow up with branches and operation department that payments and acceptances have been executed on time.
- Preparing the monthly statements of LCs and send it to treasury and accounting departments.
- Preparing on monthly basis the statistics required by “Banque du Liban”.
• For Letter of Guarantees:
- Receiving from the branch the original letter of Guarantee application and a sample text of L/G provided along with a letter of issuance of a new letter of guarantee.
- Obtaining credit approval for every issuance, modification or renewal on LG.
- Checking with Legal Department LG text if required.
- Preparing the original Letter of guarantee/renewal with stamps on it.
- Executing the operation on system with commissions and stamps as approved.
- Delivering original signed Letter of guarantee/renewal letter to the concerned Branch.
- Follow up guarantees on expiry date and coordinate with branches and credit department for renewal if required
• Administrative work:
- Filing
Exceptional tasks if required by General Management
• Opening new files (on system and cover file)
• Bookings with shipping companies
• Preparing sub file with shipping note and delivery order to customs department
• Confirming loading date with clients and prepare schedule
• Filling the inspection documents
• Follow up with shipping companies (final details + correction)
• Confirming draft B/L’s with clients and inspection companies
• Pre-Alerts
• Withdrawing B/L’s (confirming rates already provided from shipping companies.
• Preparing cheques
• Insurance issues\
• Closing files and data entry
• Documentation (performa invoices + final invoices + packing lists)
BA in Business & Management – Major: Marketing