Manager, Documentary Credits
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Salary Not Disclosed
1 Vacancy
Job Description
Roles and Responsibilities -
• This role is responsible for the timely processing of utilization requests under trade finance facilities in accordance with approved terms and conditions while ensuring observance of
prescribed processes.
• This also includes servicing clients liaising with syndicate partners and correspondents and recording of disbursements and related transactions.
• Examine utilization requests received from clients to ensure compliance with the facility terms and conditions as well as compliance with internal policies and procedures.
• Ensure Documentary Credit applications are compliant with the financing terms and conditions the corporation’s Policies and Guidelines and Uniform Customs and Practices.
Practice and International Standby Practices-
• Process the Issuance Confirmation Amendment Extension Negotiation
Acceptance and Cancellation of Import/Export Letters of Credit and Standby Letters of Credit.
• Examine shipping documents against LC terms and relevant ICC rules.
• Process disbursements in accordance with internal standards.
• Prepare all relevant SWIFT messages
• Update clients on the status of their requests.
• Maintain quality service levels for both clients and syndicate partners with a focus on accuracy compliance and efficiency.
• Manage correspondence with syndicate partners under a syndicated facility in relation to their contributions and payables.
• Liaise with banks and other intermediary financial institutions to resolve any issues and ensure all tasks are properly handled.
• Participate in department initiatives and enhancements.
• Liaise with the Finance Department for accounts reconciliation.
• Monitor and record the collection of fees.
Education and Experience-
• Bachelor’s Degree in Business Administration Commerce Finance Economics or a related field.
• Certified Documentary Credit Specialist (CDCS) is an advantage.
• English is compulsory
• Arabic or French is highly desired
• Minimum 6 years of experience in Trade Finance Operations especially in Documentary Credits.
Business Function: Operations Department
Employment Type
Full Time
