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Interim Trade Finance Officer

Interim Trade Finance Officer

  • Location

    London

  • Sector:

    Risk Management

  • Job type:

    Contract

  • Salary:

    £350 per day

  • Contact:

    Jarryd Gordon

  • Contact email:

    Jarryd.Gordon@jcwresourcing.com

  • Contact phone:

    0203 589 9289

  • Job ref:

    LM50967

  • Published:

    8 months ago

  • Expiry date:

    2020-01-20

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