Documentary Credit Officer Job DTB

The Documentary Credit Officer will be responsible for reviewing and issuance of risk mitigation instruments and solutions including documentary and standby letters of credits as well as handling other treasury operations. The role will also be responsible for the management of swift messages and timely processing of payment through swift and other electronic banking platforms.

Read>>4 Ways to Get Your CV Picked

Responsibilities

The Documentary Credit Officer performs the following duties:

  • Record and reconcile LC fees with the general ledger in Finance Department to ensure that all income is booked and to ensure that all LC fee income is properly capture in SAP to advoid losses.
  • Review and issuance of Import and Export letters of credit.
  • Notifies exporters and importers of issuance of letters of credit covering shipment of mechandise.
  • Draft technical terms and conditions language to ensure proper construction of standby letters of credit, guarantees and documentary letters of credit.
  • Review letters of credit documents to determine compliance with international standards.
  • Verify terms of credit such as amount, insurance coverage, and shipping conditions to determine compliance with established standards.
  • Evaluate and enhance processes for mitigating risks associated with L/C transactions.
  • Manage relationships with correspondent banks and other duties as assigned.
  • Calculate and track fees and commissions.
  • Process payments in SWIFT (telecommunications system).
  • Confirm bank’s treasury deals (including confirmation matching) and settlement processes.
  • Assist with the treasury function’s audit process for both internal and external audits including liaisons on an audit follow-up points.
  • Liaise with counterparties to process all front-office treasury activities including handling any queries arising after deal execution.

Duty Station

The duty station is Nairobi, Kenya.

Qualifications

  • A Master’s degree in Business Administration, Accounting, Banking, Finance or Economics from a recognized institution.
  • Relevant professional qualification such as Certified Documentary Credit Specialist or related qualification.
  • A minimum of 5-8 years of relevant experience in Documentary Credit, with sound knowledge of Uniform Customs and Practices for Documentary Credit and International Standby Practices, in a Commercial/Development Banking or Financial institution environment.
  • Robust understanding of all aspects of banking relating to Documentary Credit and ability to process complex trade finance instruments.
  • A good working knowledge of SWIFT formatting and other regulations.
  • Experience using SWIFT Alliance software.
  • Results oriented individual with excellent written and communication skills with proven ability to rapidly produce quality reports and ability to work in a multicultural setting.
  • Proven organizational, problem solving and decision-making skills with the ability to build partnerships, work in multinational teams, deliver results and manage client relationships.
  • Fluency in English is a requirement, and Knowledge of TDB Group’s other working language (French) would be an added advantage.

Read>>How To Tailor Your CV To Fit the Job Description

How To Apply

Click here to apply