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About the Role
JOB SUMMARY:
Responsible for negotiation of payment and release of original shipping documents under Letters of Credit/OA/DP/DA Accounts.
JOB DESCRIPTION:
- Receives original shipping documents from foreign banks through courier
- Receives incoming advise o f negotiation from cable section and informs account
- officers for proper disposition i.e. instruction for booking
- Records in the IB/CLA logbook and assigns numbers in consecutive manner
- Refers to offering memos or credit memorandum regarding conversion rates and other instructions to be used
- Prepares computations of principal and other correspondent bank charges
- Prepares IB/CLA manifold, billing statements, discrepancy letters
- Prepares cable for discrepancy acceptance, reimbursement authority and incoming telex queries to correspondent bank.
- Monitors correspondent bank charges collected upon Ic ope...
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