Job Summary

The job holder is responsible for the functioning of all work related to the import negotiation.

Key Accountabilities

• Process all the day to day activities related to the import Negotiation.
• Process Documents checking under Letter of credit.
• Process Payments and acceptance under Letter of credit.
• Process Maturity payments on due date.
• Process discrepancy accepted transactions.
• Process correspondence received from other banks.
• Process UPAS / bill discounting.
• Process Shipping guarantee / Delivery order.
• Following up with pending transactions as per incomplete report
• Following up on discrepant documents.
• Following up on shipping guarantee long outstanding.
• Routing of swifts through swift alliance.
• Obtaining exchange rates from treasury and informing high value transactions to AML
• Adding Remarks for aborted transaction on TI.

Skills

Other Accountabilities

Action on interface rejected transactions.

Document movement in Documentum.

Close tracking of discounted bills at the time of maturity payment.

Resending returned / rejected SWIFT massages

Month end Balancing

Returning of Discrepant documents outstanding for more than 2 months.

Ensure applicable pricing rates applied in line with the stipulated special instructions.

Arrange for the appropriate referral, if any, in line with the stipulated DOA.

Attend customers’ calls and emails inquiries with regard to import negotiations.

Ensure timely dispatch of advices to customers.

Reconcile Nostro accounts.

Reconciliation and clearing of suspense entries.

AML/KYC guidelines adherence in team.

Perform any other related tasks assigned by superiors of the unit management.

Education

Bachelor degree or equivalent