Job Purpose: To ensure day to day Import letter of credit processing is
performed in timely manner and in accordance to applied procedure and local
regulations and international standards.
Operational Duties:
1. Accountable for the processing of Import Letter of Credit documentary
applications, amendments, drawings and/or advices, and documentary
collections.
2. Examine, advice, accept, and amend of Import Letter of Credit and
Collections.
3. Ensure Import Letter of Credit terms are clearly understandable and
compatible with the broad parameters of the International Chamber of Commerce
Uniform Customs and Practice for Documentary Credits as well as international
shipping terms and practices.
4. Ensure Import Letter of Credit amendments conforms to the regulator's
requirements and the Bank policy.
5. Ensure proper drawing instructions are given to the advising bank and
reimbursing bank regarding drawings under Import Letter of Credit.
6. Obtain necessary information to process and complete Import Letter Of
Credit and related financial transactions.
7. Verifies all documentation for accuracy and completeness.
8. Coordinates with Credit Administration to comply with bank credit
standards.
Key Success Factors:
* Good knowledge of the Uniform Customs and Practice for Documentary Credits, Incoterms, Uniform Rules for Collections, the Bills of Exchange Act, International Standard Banking Practice, Anti Money Laundering, Uniform Rules for Demand Guarantees, Reputation and Legal Risks Procedures.
Business Administration/ Finance
Easy Apply