LC Officer
Bank Saderat Iran
Total years of experience :21 years, 3 Months
Full Scope of Trade Finance
• D/C issuance and related issues.
• Letter of Guarantees and checking of Amendments.
• Document checking export, import (ordinary, local, back to back and transfer) and refinance.
• Advising of discrepancies and settlements.
• Negotiation of documents in time for which negotiation is restricted to our counter.
• Receiving the claims and honouring the same as per L.C. terms.
• Maturity advice to the presenting bank as well as to the applicants (import), to the beneficiary and presenting party (export).
• Making advice for the remitted documents to the applicants and acknowledgements.
• Handling of Assignment of proceeds.
• Handle the collection documents.
• Refinance settlements.
• Coordinating with accounts department for reconciliation.
• Coordinating with all branches and dealing department for other currency rates and cover of funds.
• Handle all export settlements.
• Handle all kind of SWIFT messages and FTS system.
• Reports to UAE Central bank related to AML and Goods listed/unlisted in UN sanctions.
• All kind of correspondence with branches, local banks and foreign banks.
• Deal with customers to solve their all queries.
• Cancellation of unutilized/expired LCs.
• To follow up on overdue and expired transactions.
• Providing training to new staff.
• Knowledge of UCP600, ISBP, ISP98, URR-725, URDG-758, URC.
• Knowledge of AML and KYC etc.
• Knowledge of LC Discounting, Cheque Discounting and Trust receipts.
• Custom clearance and wide exposure to shipping documents.
Operations
• Report to Managers and Head of Trade Finance dept.
• Manage a team of 5 staff, which includes 2 - Remittance Personnel, 3- L/C Advising dept.
• Allocate work, monitor and take action in business unit to achieve department / unit objectives.
• Supervise operations and provide support to ensure that agreed service standards are achieved.
• Manage and control staff productivity related to daily processing requirements.
• Develop capabilities of subordinate staff to achieve work unit objectives.
• Manage and administer issues related to staff leave, training, attendance issues in timely manner.
• Ensure that e-mail, messages and other correspondence are responded within defined time frame. Adherence to prescribed procedures / guidelines at all times.
• Ensure completion of any other responsibilities assigned from time to time.
• Ensure that credit approval is in place per policy and procedure guidelines.
• Co-ordinate with customers, to gain an understanding of clients’ business needs & analyses information to assist in determining appropriate strategy.
• Conducts presentations and meetings to external customers for soliciting their business.
• To monitor compliance with transactional controls, systems and procedures of LC and ensure compliance with the Central bank guidelines and policy.
Remittances
• Knowledge of SWIFT.
• Prepare reconciliation statements of customer accounts, gather, sort and research records and files to provide factual data and trace discrepancies to reconcile accounts.
• Perform effective coordination with local and international banks (Nostro and Vostro Accounts).
• Achieve a high standard of personalized effective and efficient customer services, while ensuring high level of operational control. Investigate / resolve complaints pertaining to remittances.
Handling of LC.
Document preparation and follow up
Shipment arrangement.
Payment to suppliers.
Meeting with suppliers and new suppliers search.
•Developing Business Plan for Marketing
•Carried out Market Research for companies Products
•Analysis of Market survey and Customer behavior
•Data Interpretation from survey reports
•Formulating of Strategy based on Analysis & Data Interpretation
•Production Planning & report
•Business Presentations on Analysis & Conclusion
•Develop Marketing Strategy for Product Sales
•Done Market research for FMCG products of company
•Define Target for Sales Engineers
•Establishment of Business Relationship
•Planning & budgeting of Sales Division
•New Product development & product promotion
•Efficiently utilize men for Product sales
•Trained junior sales engineers for betterment of company
•Internal Technical Consulting
•Extraction and purification of Enzymes
•Mass Production of Bacillus bacteria
•Prepare report of enzymes production unit
•Purchase of department chemicals
My GPA was overall 2.0 out of 5.0 (aggr - 85%) This is a MBA program in international Marketing management in Germany. This university in in TOP 10 in germany (check on DAAD). One semester was taught to us in Pace University ,NEW YORK ,USA. Done a course in International Business Development at Lubin School of Business, New York, USA.
My overall Percentage was 70% and final semester - 81%. This is Highly Advance course in Chemical Engineering in INDIA. One of the TOP University After IIT's. Course Pattern is Even better than IIT's ( survey in magazine).