Trade Finance Incharge
Invest Bank
Total years of experience :16 years, 8 Months
Controlling LC settlements (Bills Maturity, TR, Sight)
Checking limit availability in the AC line code prior to issuance of LC
Processing all types of guarantees & amendments.
Performing the reverses of margin, cancellation of expired LG’s & refunding margin as per customer’s request.
Acceptance of original documents under LC held at the branch with the appropriate endorsements.
Advising of LC including discrepancies and bill acceptances to clients.
Conducting Legalization charges on Import LC bills and collection bills.
Responsible for the outgoing and incoming mail to TFD and to the clients.
Receipt of Export LC directly from customers and routed to HO for lodging.
Advising of Export LC issuance and Amendments to clients.
Preparation of Export Documents and Covering schedule.
Advising of Due date to client once accepted by applicant.
Follow up for Non settlement at Due Date with TFD/Issuing Bank.
Receipt of Original Collections Documents directly from presenting Bank.
HO approval to be sought in case of:
o Issued in favour of Bank
o Issued for third party company against Facility
Issuance/Delivery of Guarantee duly signed by Bank signatories.
Follow up for expired Guarantees not returned to the Bank for cancellation.
Recovery of Margin from AP Proceeds on all Outstanding AP Guarantees.
MBA (Finance) - July 2002 ICBM (Institute of Computers and Business Management) - Hyderabad - India.
Bachelor Degree in Commerce (B.Com) Osmania University - Hyderabad - India. Banking Experience: Invest Bank - Musaffah - Abu Dhabi - UAE (Oct 1, 2007 to Present) Trade Finance Incharge: ➢ Controlling LC settlements (Bills Maturity, TR, Sight) ➢ Checking limit availability in the AC line code prior to issuance of LC ➢ Processing all types of guarantees & amendments. ➢ Performing the reverses of margin, cancellation of expired LG's & refunding margin as per customer's request. ➢ Acceptance of original documents under LC held at the branch with the appropriate endorsements. ➢ Advising of LC including discrepancies and bill acceptances to clients. ➢ Conducting Legalization charges on Import LC bills and collection bills. ➢ Responsible for the outgoing and incoming mail to TFD and to the clients. ➢ Receipt of Export LC directly from customers and routed to HO for lodging. ➢ Advising of Export LC issuance and Amendments to clients. ➢ Preparation of Export Documents and Covering schedule. ➢ Advising of Due date to client once accepted by applicant. ➢ Follow up for Non settlement at Due Date with TFD/Issuing Bank. ➢ Receipt of Original Collections Documents directly from presenting Bank. ➢ HO approval to be sought in case of: o Issued in favour of Bank o Issued for third party company against Facility ➢ Issuance/Delivery of Guarantee duly signed by Bank signatories. ➢ Follow up for expired Guarantees not returned to the Bank for cancellation. ➢ Recovery of Margin from AP Proceeds on all Outstanding AP Guarantees. Customer Service Representative: ➢ Opening accounts - Savings, Current, call & time deposit account & sub accounts ➢ Delivering and requesting cheque books (Cheque book & ATM main Custodian) ➢ ATM replenishment. ➢ Renewal of expired trade licenses and visa & passports. ➢ Attending customer calls and quarries. ➢ ATM card issuance and cancellation. ➢ Analysing the holding of funds, releasing the block and covering of accounts. ➢ Dormant accounts (follow up, activation & closure) ➢ Credit Cards - (opening, c.c payments, renewals & feeding the limits) Operations Department: ➢ Gathering all daily reports (including preparation of variance and analysis report) ➢ Processing inward clearing verification. ➢ Verifying & checking daily vouchers. ➢ Transferring - (fund transfer - inward & outward) ➢ Local transfer, bulk transfer & in-house transfer & OT wages transfer. ➢ Performing WPS payroll transactions. ➢ Posting employees salary transfer. ➢ Receiving outward cheques & scanning outward cheques. ➢ Arranging ICCS physical cheques to be sent to other branches. ➢ Depositing, receiving, cancellation & discounting of PDC cheques. ➢ Issuance of Managers Cheques and demand drafts. ➢ Processing ATM machine balancing. ➢ E-channels (e-banking, viewing web request & executing them) ➢ Discounting LBD applications. ➢ Waiver of semi annual and low balance charges. Chief Cashier: ➢ Training all the new Cashiers and Tellers ➢ Opening and Closing Balance. ➢ Cheque encashment. ➢ Make sure beneficiary of cheque receives cash. ➢ Cash Deposits & Withdrawals. ➢ Cash shortage and excess report to Management. ➢ Preparing Vault Report. ➢ Cash request from Central Bank.