Trade Finance Operations

2 weeks ago


Gurugram, India Acuity Knowledge Partners Full time

Opportunity

Acuity is currently looking for dedicated and motivated individuals who have strong leadership, organizational and teamwork skills for its Lending Services team based in Gurgaon.


Notice Period: Immediate Joiners/30days can be considered for these roles

Interested candidates can directly mail the resume to Sapna.Rani@acuitykp.com


Responsibilities


  • Be subject matter expert of Trade Finance Operations – Letter of Credits etc.
  • Work on day-to-day activities for LC issuance, documentation, Amendments, vetting of documents.
  • Letter of Credit – update and reconcile/book fees.
  • Sound knowledge of ICC rules such as, UCP600, ISBP821 and INCOTERMS2020 and URR725
  • Ability to handle the complex Letters of Credit such as Transferable LCs, Back-to-Back LCs and Commodity LCs.
  • Strong understanding of complete Letters of Credit Cycle and the roles of various Banks involved in the cycle
  • Ability to analyze LC applications and conduct thorough workability checks for LC issuance and Confirmation in line with ICC guidelines and internal policies & procedures
  • Able to review and issue Reimbursement Authorization(RA) and Reimbursement Undertaking (RU)
  • Sound understanding of SWIFT Message Types(MTs) such as MT700,MT710,MT720,MT730,MT740,MT742,MT747,MT754,MT202,MT103 and the associated fields
  • Knowledge about Anti-Money Laundering, Anti-BOYCOTT regulations/Clauses and able to identify reflags in LCs and LC applications


Required Background


  • Excellent written & verbal communication skills and ability to build effective relationships with various stakeholders.
  • Strong understanding of Syndicated Loan Operations, Letter of Credits, Trade Finance Operations
  • Bachelors/master’s in commerce
  • Ability to multi-task independently under tight timelines and eye for details.
  • 10-15 years of relevant experience in the field of Trade Finance Operations.

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