TRADE FINANCE ADMINISTRATOR
£20-32k + Bonus + Benefits
COMPANY:
We are recruiting for a well-established international bank who provide retail, corporate, investment banking and asset management services. A Multi-cultural environment, where inclusion and diversity are key values.
EXPERIENCED REQUIRED:
- Degree plus 1 years relevant experience
- A completed Degree or similar
- Experience required: SWIFT, Letters of Guarantees processing, Documentary Credits
- Strong back office administration experience
- Understanding of UCP 600, ISBP for Examination of Documents Under Documentary Credit & URR 525
- Solid understanding of Trade operations including Pay/Receive operations, collections and Funds transfers.
- Compliance experience
- Would suit energetic, quick thinker, with an interest in Trade Finance
DUTIES: Include
- Maintain register for all documents
- Ensure up of electronic docs
- Document checking ,in accordance with current UCP rules
- Highlighting discrepancies
- Process Acceptance, Negotiation or Payment on L/C upon on approved documents
- Beneficiary Settlements
- Resolve queries
- Process Guarantee requests from other banks and clients
- Ensure transactions are within any facility limits/cash cover arrangements prior to issuance
- Ensure Tariffs are correct
- Cancellation of expired guarantees
- Check terms of claims received
- Process settlements of valid claims
Social Stream