LG Officer – Gulf Bank

Job Purpose:
To complete all issuance, amendment and settlement of Letter of Credit / Guarantees / Bills / Collection, Document Checking and check all incoming and outgoing communications in order to ensure that all processes are completed timely and accurately.
Accountabilities:
Processing: Initiate processing of LC, LG, Collection & Bills in the system to generate LC/LG Instrument / Arrival notifications and / or refusal advices to correspondent for discrepant documents / Settlement and thereby obtain accurate financial data related to LC/LG/Coll and documents.
Team supervision
>Supervise work and workflow of staff.
>Ensure blockages are resolved.
>Handle more complex issues and problems.
>Provide day-to-day supervision and oversight of the team’s work .
LC / LG Issuance/Amendment & Settlement of Coll/Bills/Claims
>Authorize and sign LC/LG instruments, Amendment thereto, Settlements, Closures/Cancellations and related swift messages.
Documentation checking
>Ensure documents are checked against LCs in line with terms and conditions or collection instruction.
>Ensure required documents have been provided (i.e. commercial invoice, certificate of origin, packing list, airway bill or bill of lading etc.).
>Ensure compliance with international trade rules and internal guidelines.
>Address issues such as inadequate documentation.
>Follow-up with customers on discrepant documents and communicate details of refusal/acceptance of LCs.
>Ensure unresolved cases are reviewed and closed.
Customer Relations
>Handle major customer enquiries.
>Communicate with clients on arrival of documents in order to avoid payment of demurrage charges.
>Authorize initial processing, liquidations, acceptances, negotiation and sign related swift message.
>Ensure follow up and timely closure.
Other
>Report on documents in hand and completed.
>Follow up processing schedule.
>Send advices to negotiating bank promptly.
Corporate governance & compliance: Work fully within:
>Risk policies and procedures.
>All compliance regulations.
Education, Knowledge, Experience and Skills:
Education / Qualifications:
Graduate in any commercial discipline
Knowledge:
Knowledge of bills procedures and practices; Knowledge of documentation requirements etc
Experience:
Overall 5 to 7 years in Trade Finance with 3 to 5 years in similar role in Trade Finance.
Generic & Specific Skills:
Excellent Communication Skills
Bilingual in Arabic and English
Computer literacy (MS Office)
Customer Management
Risk Assessment
Sound knowledge of UCP600, ISBP2007, URR725, URC522, URDG758 & ISP98 and Swift formats.
Employer want to submit job applications through their website at: Apply Online