Officer Trade Finance Operations
SAUDI ARABIAN BRITISH BANK
مجموع سنوات الخبرة :29 years, 10 أشهر
Payments for deferred and sight LCs (clean and discrepant)
Handling import retirement/ payment under DC and loans against imports.
Payments under Open Accounts.
Review and action on SWIFT messages from beneficiary / advisory banks
Discounting of Import Documentary Credits
Documentation for acceptances and payments
Handling of Suspense account Report.
Handling of Import Over Due DC Bills Report.
Responsible for clearing nostro open items, and follow up with foreign correspondent banks the recovery / settlement of o/s unreconciled Nostro items pertaining to Imports.
Ensure timely / proper follow up with the foreign correspondent / RM for acceptance and payment of bills.
Physical Handling of Documents (Endorsements of B/L prior to release of import documents).
Managing and filing of import documents, separately for collection and DC documents and carrying out physical balancing of the documents every month end.
Processing of Import loans granting under import bills.
Payments for Amanah goods murabaha
Payments for Amanah Tawarruq
Prepare reminders for shipping guarantees to customers for redemption.
Develop and maintain good relationship with team members.
Monitoring of extension and commission follow up with banks every 10 days including weekly report to HOR TSC, HOR ISB and HOR CDT.
Processing necessary vouchers for the exception reports received from FCD.
Periodic commission request and follow ups on quarterly, half yearly and yearly.
Claim commission on auto renewal and open ended together with necessary follow up.
Release swifts to other banks for cancelled and expired guarantees, response to HOR TSC, HOR ISB and HOR CDT and banks.
Commission calculation for new guarantee issued and extended guarantees and sending commission swifts fo banks.
Preparation of guarantee cancellation swifts and cancel the same from the system.
Follow up for guarantee extension and commission.
Maintaining Extension and commission list.
Primarily responsible for handling and servicing assigned commercial accounts, and developing, updating new business and renewal data and delivering, midterm and renewal quotations.
Serving for customer inquiries and identify cross-sale opportunities when available.
Co-ordinating with RM’s and identify cross sale opportunities for Marine and Property insurance.
Responsible for servicing assigned commercial insurance accounts for association related businesses
Develops new business from existing accounts and assigned leads and contributes to meeting department growth goals
Maintains an account expiration list and initiates the renewal process
Worked as Accounts Manager in Riyadh in a Dubai based multinational freight forwarding company engaged in core shipping and multifunctional freight forwarding business.
Fully responsible for maintaining accounts of Riyadh Office & other 3 branches in KSA.
Preparation of Trial Balance, P & L a/c and Balance sheet.
Preparation and finalization of Principal Accounts and arrange for remittance.
Preparation of Disbursement Accounts to overseas agents and Remittance application.
Tracking and reporting the movement of funds with individual customers on daily basis to the management.
Preparation of payrolls, local purchase reimbursement and maintenance of daily cash register.
Preparation of Budget, Sundry Debtors and Creditors.
Reconciliation of Bank Statement and tally the books of accounts from time to time.
Preparation of Cash flow statement, Aging Report, MIS reports on monthly basis.
Continuous follow up with customers based on the aging report to enhance the collection.
Co-coordinating with auditors and reconciliation of branch accounts.
Joined as Accounts Assistant in Animal Feeding Stuffs Division of M/s.Brooke Bond Lipton India limited, Coimbatore on 16th November, 1996 and on 1st April, 1997 BBLIL was amalgamated with M/s.Hindustan Lever Limited. Also on 1st April 2000, as a part of corporate restructuring Animal Feeds Business being transferred on a going concern basis to M/s.Goldmohur Foods & Feeds Limited, a subsidiary of M/s.Hindustan Lever Limited and on 1st January 2001 this AFS Business was sold to M/s.Godrej Agrovet Limited . Promoted as Accounts Officer in Goldmohur Foods and Feeds Limited and transferred to Alwaye to maintain centralized accounting system for Kerala.
Worked in a fully Computerised Environment using ERP - MFG/PRO under Unix Platform. Thorough knowledge in GL / AP / AR / Purchase Operation Modules/Manufacturing Modules
Preparation of Bank Reconciliation Statement.
Reconciliation of Creditors.
Scrutiny of Travel Expense Statements.
Reconciliation of AR, AP and Advance accounts.
Making AP Vouchers for IUT's and Material received from Suppliers.
Scrutiny of AP dockets and vouchers.
Reconciliation of Advance Payments with Branch office.
Fully familiar with sales accounting, invoicing, collection system, Debtors management, Aging, Discounts and Rebates, Schemes, Price List, Banking System, Collection and Discounting, liability statement etc.
Independently handled the sales accounts of four C & FA’s.
Collecting DD’s and Cheques from all parties and processing it through CMS.
Calculation of Over due Interest Calculation on a monthly basis.
Preparation of Claims based on Sales and Schemes and sending it to respective units.
Orders Collection from the distributors, execution of orders, interaction with various production centers for early execution.
Consolidation of Packed Stock Reconciliation of all Units and C & Fa’s.
Consolidation of Inventory, Production and Sales information.
Preparation of Monthly Sales Tax Deduction Statement towards Sales of OGB & Scraps.
Coordinating with Internal and External Auditors.
Monthly Audit for C & FA'S and 3p Units.
Daily MIS on Production, Despatches, Outstanding, Sales, Packed stock reconciliation, Inter Unit Transfer.
Providing MIS to the management in terms of Raw Materials movement based on Logistics.
Worked as an "Computer Operator cum Accounts Assistant in the Pesticide Division