The commodity trade finance officer is responsible for completion of daily tasks, including the processing commodity trade Finance transactions; supporting the trade operations; and complying with the internal procedures and the international standards.

Responsibilities:

• Processing Letter of Credits (both import & export):
• Handling documentary collections (both import & export):

- Opening, amending, following, paying and expiring

• Dealing with trade finance Loans (Advances, Discounts...):

- Payments/drawings, repayments

- Calculating interests & controlling accrual process

• Processing customer payments (both for ad-hoc & financed transactions)

- Control, verify availability and execute

• Collecting the payments in favour of clients:

- Communicating to FO, booking

- Stock financing releases availability

- Opening, amending, negotiating, paying and expiring

• Support the FO relationship managers:

- Providing statements (both ad-hoc & month end), credit/debit advices...

- Follow-up status of transactions

• Ensure strong focus on Risk and Control in transaction processing in terms of having appropriate customer documentation, accurate discrepancy notices are sent out and proactive identification of refusals.

Performance Measures:

• E fficient processing of daily transactions in a timely manner,
• Resolving all trade-related queries in time
• Efficient reporting of claims and investigation

Skills & Experience:

• Knowledge to perform all CTF related transactions with reference to LC, LG & Documentary Collections.
• Good experience of swift and relevant types messages
• Strong attention to detail, high level of accuracy and competency is essential
• High literacy and numeracy skills.
• Working knowledge of UCP600, ISP, URR525 and URC522,URR 725, URDG 758 and ISBP guidelines, Trade incoterms and market codes of conduct..
• Strong teamwork and communication skills