Analyst

Location

Chennai | India

Job description

Export LC processes (Advising, Amendment, Confirmation, Transfer, and Assignment of proceeds, Negotiation, LC Forfaiting, LC discounting, FX Loans, Reimbursement Claims and payments)

Import LC processes (Issuance, Amendment, Negotiation, and Import Financing (Trust Receipt Loans), Reimbursement authorization, honor and Acceptance & Payments

Documentary Collections (Lodging Bills, Acceptance and Payments)

Handling of Guarantee Issuances, Amendments, Advising, Claims, Book off and Commission collections

Main Responsibilities:

1. Handling Letter of credit transactions and collection (Exports & Imports) and Guarantees

a. Scrutiny and review of LC transactions like Advising, Issuance, Amendments, and Negotiations & Settlements.

b. Imports and export collections transactions.

c. Transfers LC, Confirmations, Financing - LC Forfaiting, LC discounting, Trust Receipt Loans, FX Loan (Booking and settlement of foreign currency Loan related to L/C & D/C financing).

d. Process all transactions with high priority related to compliance and sanctions related issues.

e. Ability to handle all types of SWIFT Messages.

f. Guarantee Issuances, Amendments, Advising, Claims, Book off and Commission collections.

2. To complete the workflow on daily basis and pending transactions should escalated to Lead with updated reasons

3. Processing within the SLA s as required by the Client.

4. Raising technical queries, discrepancies to Lead and process as per his/her instructions.

5. Updates on operational procedures and special practices should be shared with Lead and help him in maintaining the standard operating procedure on regular basis.

6. Be a backup for the Lead

7. Attend Training programs.

a. Should have urge to learn other products in Trade finance.

b. Attend all training conducted within the team on all process and procedural updates.

Technical / Functional skills

• At least 3-6 years of experience and basic knowledge in Trade Finance Operations
• Exposure towards European market is preferable
• Good knowledge of office automation tools (advanced in Excel (Pivot table), medium in Power point
• Basic Knowledge in UCP, URR, ISBP and URC (Latest version).
• Knowledge and experience in handling commercial documents in international trade.
• Knowledge in Compliance regulations (Anti-boycott languages, Anti-Money laundering, and OFAC - Office of the Foreign Asset Control)
• French skills (Read, Write and Speak) is a must.

Behavioral competencies

• Willing to work with various shifts (especially in Europe timing)
• Excellent written and oral communication skills
• Analytical skills and process oriented
• Ability to work under pressure and work as part of the team

Job tags

Salary