Manager, Documentary Credits

Roles and Responsibilities -

This role is responsible for the timely processing of utilization requests under trade finance facilities in accordance with approved terms and conditions, while ensuring observance of

prescribed processes.

This also includes servicing clients, liaising with syndicate partners and correspondents, and recording of disbursements and related transactions.
Examine utilization requests received from clients to ensure compliance with the facility terms and conditions, as well as compliance with internal policies and procedures.
Ensure Documentary Credit applications are compliant with the financing terms and conditions, the corporation’s Policies and Guidelines, and Uniform Customs and Practices.

Practice and International Standby Practices-

Acceptance and Cancellation of Import/Export Letters of Credit and Standby Letters of Credit.

Examine shipping documents against LC terms and relevant ICC rules.
Process disbursements in accordance with internal standards.
Prepare all relevant SWIFT messages
Update clients on the status of their requests.
Maintain quality service levels for both clients and syndicate partners with a focus on accuracy, compliance, and efficiency.
Manage correspondence with syndicate partners under a syndicated facility in relation to their contributions and payables.
Liaise with banks and other intermediary financial institutions to resolve any issues and ensure all tasks are properly handled.
Participate in department initiatives and enhancements.
Liaise with the Finance Department for accounts reconciliation.
Monitor and record the collection of fees.

Education and Experience-

Bachelor’s Degree in Business Administration, Commerce, Finance, Economics, or a related field.
Certified Documentary Credit Specialist (CDCS) is an advantage.
English is compulsory
Arabic or French is highly desired
Minimum 6 years of experience in Trade Finance Operations, especially in Documentary Credits.

Business Function: Operations Department