Job Description

The position is responsible to ensure on timely Disbursement, Settlement, Amendments, Reconciliation, Testing and monitoring for Supply Chain, Factoring (Receivable/Payable), Cheque/PDCs discounting and related loan portfolio without any error or mistakes. Ensure all process steps are performed as per agreed Process note/SOPs with relevant stake holder. Responsible for delivery of assigned portfolio end to end with agreed SLA, TAT and accuracy (Zero Errors) levels.

• Entire process should be followed as per agreed Product Program, Process Notes, SOPs, OPM, CPM and ADMs.
• Ensure timely authorization of transactions (Disbursement, Amendments and Settlement) without any error and SLA/TAT breach.
• Ensure no product level understanding gaps specifically on Supply chain and Factoring products including Standard Wholesale Credit policies.
• Ensure no errors while review of Credit Proposal & Agreements at the time of sanctioning disbursement against submitted drawdown request by client.
• Ensure no errors while recovering fees, charges, VAT, interest, profit, penalties and charity against any o/s exposure specifically pertain to Supply chain and Factoring loans & finances.
• Complete understanding of accounting standards and APPM to ensure no errors while accrual of income & charge components.
• Ensure to have complete knowledge of SWIFT (MT103, MT202 and Inquiries Msg.) & UAEFT standards and ensure no errors while making SWIFT and UAEFTS payments.
• Ensure to complete operating systems related UATs and highlighted related observations & defects promptly.
• Ensure timely & strong tracking of post disbursement credit terms and incase of any breach report immediately.
• End to end coordination with relevant stakeholders for any exception & clarification till closure/resolution.
• Perform & Review daily reconciliation of all activities/process steps which have been recorded & updated in trackers and continuous follow-up for closure. Reconciliation status to be published daily to unit manage by highlighting the issues (if any).
• Ensure all banking accounts are balanced while reconciliation b/w multiple systems.
• Develop a controlled platform/mechanism to ensure all activities are being performed timely and error free.
• Ensure timely escalate to Manager if action items are being delayed/not responded within defined timelines.
• Ensure errors/knowledge gaps are shared with line manager/team to address customer service issues.
• Ensure to have complete knowledge of trade cycle and ensure no error or mistake while Compliance & EDD screening.
• Strong referral and follow up skills till completion of o/s task.
• No revenue leakage due to miss out in charges collection.
• No outstanding reconciliation entries pending in Nostro/Vostro or Internal accounts.
• Experience of handling new system UATs, defining requirements and relevant follow-ups.

Ensure to have complete understanding of banking platforms like Flex (Oracle), ELCM, SWIFT, UAEFTS, EDMS, LLOYDs, FIRCO and SCF/IMX/Kastle

• Bachelor's or Master’s in Business/Finance/Trade
• 5 - 7 years of relevant working experiences in Open A/c (TR), Supply Chain, Factoring, Corporate Credit & Trade Finance Operations.
• Experience of handling multiple system UATs, BRD preparations and meeting deadlines.
• Experience/Knowledge of handling multiple systems like CBS/Flex, ELCM, SWIFT, UAEFTS, EDMS, LLOYDs, FIRCO and SCF/IMX/Kastle.
• Ability to learn new banking systems quickly and identify Gaps if any.
• Experience of handling complex reconciliations between banking systems to ensure no failures while connectivity.
• Good knowledge of trade documents and Payment Messages (MT103 & MT202)
• Good experience in reviewing credit proposals and agreements.
• Experience of performing EDD & Compliance screening on submitted requests and Trade documents.
• Strong referral and follow up skills till completion of o/s task.
• Good communication skills and interpersonal skills.
• Proficiency in MS Office (Word, Excel and Power point) and good typing speed.
• Ability to prioritize critical assignments and meet deadlines.

Ability to work under pressure and work as team player till completion of BAU/Assigned task