Trade Finance Assistant
Invest Bank
Total years of experience :11 years, 1 Months
Trade Finance Department (LCs, LGs and Collections)
Manage day to day operations in trade finance in branch level.
Processing all types of Letter of credit and Guarantees and Collections
Verifying and checking customer applications.
Coordinating with Central Processing Unit at Head Office
Check all import and export documentation such as Letter of credit, Shipping Guarantees, and Import bills/Export bills.
Rendering highly quality services to clients and assisting them with the deliverance of letters of guarantee and letter of credit
Giving suitable recommendations to clients and supplying appropriate information about regulations and terms of the letters of guarantee and letters of credit
Buying foreign currencies from Treasury Head Office on maturity of LCs
Generate Reports and Advice Credit Depart for Follow-up
Follow up with clients on discrepancy documents.
Preparation of all LCs and TRs and Collections on maturity.
Attend to all enquiries related to settlement unit
Periodical reporting to Head office and Management
Act as custodian for all outstanding documents for the branch.(Both LGs and LCs)
Following up receipt of advance payments.
Coordinating with Head office regarding all Claims
Operations Departments (Front and Back office)
Perform cash handling (cash deposit, withdrawal, cheque encashment) Customer services
Opening of accounts Corporate accounts and Individual account
ATM Checking, replenishing and balancing
Issuing cheque book and ATM cards
Inward and Outward clearing highly involved in ICCS (Image clearing cheque systems)
Depositing and processing cheques (local, post dated)
Preparing Demand Drafts, Manager Cheques
Executing Foreign and Local funds Transfers
Buying and selling foreign currencies directly from Treasury Head office
Processing all In house transfers
Discounting of cheques
Processing all transactions related to Fixed deposits
Accounting and Administration (daily checking, daily reports, petty cash balancing)
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Letter of Guarantee in Emirates Institute of Financial Studies Trade Finance Basic in Emirates Institute of Financial Studies Trade Finance Advance in Emirates Institute of Financial Studies Foreign Exchange Basic in Emirates Institute of Financial Studies Special training in Money Laundering
Skills: HRM, Managerial Economics, Banking Theory and practice Taxation, Marketing Management, Costing Auditing, Financial Management Accounting, Computer Application Business and Society, Principles of Management, Business Organization