Job Title:Associate Forfaiting & Receivables (12Months Fixed TermContract)
Location:LondonU.K.
Department:Operations
EmploymentType:Contract
Work Pattern:FullTime
ContractType:12 Months Fixed TermContract
Overview:
* Providea complete service to the Banks Customers to a high level ofadministration and service.
* Ensure thattransactions allocated are properly implemented independentlycontrolled and diligently monitored.
* Worktogether with your team clients relationship managers/marketing/account officers and other departments of the Bank wherenecessary.
* Familiarize oneself with differentproducts and process methods in accordance with policies andprocedures.
* To provide a professional andtimely response to enquiries received from internal and externalcustomers of thedepartment.
What YouWill BeDoing:
CoreReceivableduties
* Process dailyadministration duties under Master Receivable Financing Agreementsincluding processing drawdowns checking drawdown documentation andlimits rate fixes discount calculations fees maturity extensionspayments cancellation receipt of funds allocation of funds creditnotes early repays and part payments in accordance with agreed anddocumented processes and guided by experienced team members.
* Position and create payments in relation toReceivable Trade Finance Products within currency cut offtimes.
* Escalation of breaches red flags andother issues including nonperforming transactions to your reportingline/Head of Department/Support manager in accordance withdocumented processes. Any OREs to be reported to your reportingline/Head of Department/Support Managerimmediately.
Other
* Familiarizeoneself with different Banks systems.
* To logorganize and prioritize all workreceived.
* Check Nostro and Type 25 accountReconciliations to ensure any outstanding items relating toReceivables are actioned confirm allocation of funds withReceivable clients and arrange onward payment for funds receivednot financed. Mature contracts for early repayments match latereceipts and identify and chase shortfalls inpayment.
* update suspense spreadsheet asnecessary and reconcile suspense accounts to URBIS on a monthlybasis.
* Arrange for payments to be made inaccordance with authentic instructions.
* Monitor/ chase outstanding funds daily and diarize asnecessary.
* Liaise with Finance forreconciliation.
* Populate Narratives in Coronaon Status for outstanding funds daily
* Assist inProject work for the department Qualco Project relatedactivities
* Maintain ReceivablesDatabase/Trading Platforms (if applicable) Rohirst and relevantchecklists.
* Prepare document location formsDOCSLOCS for the safe custody of original documentation and ensurethey are stored in the safe or the vault.
* AdHocduties as requested by Senior Officer Head of Department/SupportManager(s).
CandidateSpecification:
* Basicknowledge of word and excel skills.
* No specificacademic or professional qualification ismandatory.
* Previous work experience in a TradeFinance function useful.
* The ability to remaincalm whilst under pressure from the business andclients.
* Accurate andmethodical.
* Good communication andorganizationalskills.
* The ability to workindependently or as part of ateam.
Equal EmploymentOpportunity
BankABC is committed to the principles of equal employment opportunityfor all employees and applicants and in accordance with applicablelaws does not discriminate on the basis of sex gender identitygender expression race color religion national origin ancestry agemarital status disability medical condition sexual orientation oron any other basis prohibited bylaw.
We welcome applicationsfrom people with disabilities and are committed to providingreasonable adjustments where necessary to make interviews and jobsmore accessible. Should you have any difficulty during therecruitment process require any reasonable adjustments or anapplication to Access to work please contact the recruitment leadon: