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Authoriser Trade Finance

Kolkata, West Bengal

Private Sector Bank

Job Description

Generation of Outstanding Bills report from related system (OBIEE) on weekly basis - for approval to be taken for outstanding bill as per Board Note.
Generation of Post Due Obligation Bills report from OBIEE system on daily basis.
Generation of Outstanding Loans Report from OBIEE system on daily Basis
Checking of Office of Foreign Assets Control list/Specially Designated Nationals list.
Scrutiny of Bills received for processing.
Authorisation of Bill in Flexcube Corporate system.
Checking of Country Risk as per Grid provided by Credit and Market Risk group.
Updation of Status Holder Certificate received.
Raising/Tracking of Approval Mails sent to business.
Monitoring of General Ledger and Deferred account/s.
Monitoring of Converter utility and outstanding entries in Nostro accounts.
Monitoring of disposal as per mail received from Relationship Manager/Corporates/Service desk.
Preparation of Quality Initiative Group data on daily/monthly basis and provide to Central Processing Unit Trade Finance.
Meetings to be held with client/Relationship Manager to educate them for reducing First Time Not Right cases.
Monitoring updation of inward messages in FCC received in inward tracker.
Half yearly Export Outstanding (XOS) reporting.
Monitoring of calculation of interest and refund of correct amount of interest at the time of booking and liquidation.
Updation and circulation of charges approval in Trade Stream and amongst team members.
Liaising with RBI for cases referred to them.

Letter of Credit Authoriser :

Scrutinize Letter of Credit application.
Perform signature verification.
Ensure consistency of documents/clauses/details.
Check internal guidelines, FEMA regulations, Foreign Assets Control list/Specially Designated Nationals list, Harmonised System of Nomenclature Code.
Check Outstanding Post Due Obligations.
Check Credit Appraisal Memo for conditions.
Check Limits in system, if available. If not available, raise the request to concerned team i.e. Business Banking Operations, Credit Administration Department etc.
Raise discrepancies to customer and liaise for resolution.
If any internal approvals are required, raise the same to Credit/Business/Operations etc.
Follow-up for limits/internal approval/discrepancy resolution with customer.
Authorize the Letter of Credit contract inputted in system.
Authorize Letter of Credit in Swift.
Check if authorized Letter of Credit's have stuck in Swift Screening and clearance of the same.
Ensuring transactions are processed within defined TAT.
Checking of swift messages received in inward tracker and informing/taking necessary actions.
Updating pricing/charges approval in system.
Responding to various MIS/preparing MIS.
Educating customer/Relationship Manager, to increase First Time Right transactions.
Attending Internal Audit and responding to their queries.
Monitoring of General Ledger/Suspense accounts.

Bills under Letter of Credit/processing of Buyers Credit Authorizer :

Scrutinize Bills received under Letter of Credit.
Check the documents if received as per covering schedule.
Check all documents received under Letter of Credit, so as avoid processing of duplicate/over utilization of Letter of Credit.
Documents are as per terms of Letter of Credit.
To check swift message if any received with respect to presentation/other instruction received.
Check Office of Foreign Assets Control list/Specially Designated Nationals list.
Authorization of bills in Flexcube Corporate system.
To check if all Message Type 734 messages have been authorized/sent to presenting bank if applicable.
Scrutinizing acceptance letter/payment letter received from customer.
Authorization of acceptance in system and Swift.
Check for the Letter of Credit bills due for payment on daily basis.
Raise exchange rate request in Dealpro system.
Authorization of Bills liquidated in system and authorization of payment messages.
Checking for pre-debit notification if any received. Updating same in system. If documents are not received then follow-up for documents to be done.
Check in Swift screening if any swift message has stuck and clearance of the same.
Checking of swift messages received in Inward Tracker and informing/taking necessary actions.
Attending Internal Audit and responding to their queries.
Monitoring of General Ledger/Suspense accounts.
Updating pricing/charges approval in system.
Responding to various MIS/preparing MIS as required.
Ensuring transactions are processed within defined TAT.
Scrutinizing Buyers Credit request.
Authorization of Buyers Credit contract in FCC.
Authorization of Letter Of Undertaking in Swift.
Checking Nostro file for funding if received for BC Letter Of Undertaking sent.
Preparation of Monthly Trade Credit Report.
Checking reconciliation statements and take necessary action.
Authorization of Post Due Obligation if booked. Monitoring/follow-up for clearance of Post Due Obligation.

Guarantees Authoriser :

Vetting of the Bank Guarantees.
Authorisation of Bank Guarantee issuance, Amendment, Cancellation, Invocations.
Signing of Bank Guarantee issuance, Amendment, Tracers and other written communication.
Monitoring, tracking and conducting follow up towards Bank Guarantee Invocation cases (both conditional and unconditional).
Liaising and interacting with Customers, Relationship Managers for their queries/doubts.
Conducting customer meetings as mandated.
Liaising and following up with internal depts. viz. Credit, Credit Administration Department, Business Banking Operations, Legal etc.
Providing complete service as per Service Level Agreement to different Business verticals.
To clear the document deferrals so that transactions can be processed.
Training and guidance to team members and Relationship Manager/s.

Company Description

Leading Private Sector Bank

Additional Information

Last updated:
03/11/2017
Job type:
Full time
Position type:
Permanent
Vacancies:
1
Minimum experience:
Between five and ten years
Education:
Compulsory Education
Category:
Jobs in Banking / Financial Services
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