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Trade Finance Back Officer

Company: Soci--t-- G--n--rale
Location: Jersey City
Posted on: May 11, 2022

Job Description:

ResponsibilitiesThe function covers:

  • Examining and negotiating import, standby and export letter of credit documents
  • Advising, issuing, and amending import, standby and export letters of credit
  • Process confirmed letters of credit
  • Process incoming and outgoing collections items
  • Ability to invoice and monitor incoming fees for standby, import and export letters of credit and collections
  • Make payment via L/C system and/or SWIFT Alliance
  • Handle investigations for trade products
  • Perform duties as Letter of Credit Technician for specified accounts when coverage is needed (Payment vs. Issuance)
  • Act as an advisor to internal and external clients on trade finance related issues
  • Make necessary corrections to the General Ledger under advice to the Accounting Department
  • Perform reconciliation for suspense account
  • Trace Evergreen and Past Due items in a timely manner
  • Monitor expired items and advise Team Leader accordingly
  • Collect and apply feesSecondary Duties and Responsibilities:
    • Creation and/or maintenance of reports for Senior Management or account officers detailing activity under specific products on a monthly basis
    • Archive trade products on a half-yearly basis
    • Coordinate and release payments and/or messages generated by allTRA and SWIFT Alliance in a timely manner Primary Applications:
      • allTRA - Trade Finance Bank Office System
      • E3F - Document Repository
      • CMT - Incident Repository
      • KONSOLE - e-banking global platform for Trade Finance products (Client Front-end)
      • SWIFT Alliance
      • MonTran
      • Fircosoft
      • Loan IQExternal Clients Relationship:
        • Support the relationships inherent to the transaction, e.g., the applicant (borrower) and the beneficiary; Compliance; Legal; Front and Middle office for the most sensitive or complex deals
        • Effectively support client relationship
          Profile RequiredBehavioral skills:
          • Results orientation: Masters technical skills required for role
          • Client focus: Consistently searches for ways to improve client service
          • Cooperation: Steps forward to provide extra support to team leader and colleagues, when necessaryTechnical Skills:
            • Letter of Credit / Trade Commodity Finance productsIT systems:
              • Automated letter of credit system, Some form of regulatory monitoring system, Loan IQ or equivalent loan processing system, LAN Workstation, Microsoft Office (Word, Excel, PowerPoint) Profile:
                • Must have extensive knowledge of UCP600/500, URR725, ISP98, ISBP, URDG and URC522
                • Should have automated letter of credit systems knowledge
                • Knowledge of SWIFT processing
                • Must possess at least 5 to 7 years Letter of Credit technical experience
                • Should have knowledge of a facility monitoring and batch input system
                • Should have regulatory knowledge with regards to trade finance products, i.e., AML, OFAC, Anti-BoycottLanguage:
                  • Fluent English
                  • Knowledge of another language is a plus but not requiredContext:
                    • International
                    • Complex / structured deals; transactional deals part of a credit line offered to Corporates
                    • Strong Specialization and technical skillsContacts:
                      • Internal: Front Office, DFIN, STR, RCM, Foreign Exchange (traders); Funds Transfer; ITEC; Compliance; Legal
                      • External: Clients, Syndicated Banks; Beneficiaries; Forwarders; Advising / Confirming Banks; Collecting Banks
                        EnvironmentThe Trade Finance Back Officer is responsible for the servicing of corporate and commodity clients trade needs with regards to the above products. The Back Officer must effectively process the transaction from its inception through the life of the deal. They must also efficiently coordinate the actions of the various internal and external parties attached to the deal while adhering to industry practices and regulatory guidelines.

Keywords: Soci--t-- G--n--rale, Jersey City , Trade Finance Back Officer, Accounting, Auditing , Jersey City, New Jersey

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