syed abbas

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.