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GB1779 - Management Associate-Trade Finance - Job Details

GB1779 - Management Associate-Trade Finance

Business Unit: Support Groups
Division: Operations
Department: Trade Finance
Contract Type: Full Time
Area/Branches: Head Office
Closing Date: 08-Nov-2017

About Gulf Bank

Gulf Bank was established in 1960 and has since progressed to becoming an industry-leading financial services provider complemented by a large network of 55 branches strategically positioned in key locations across Kuwait.

The main groups of the Bank are Consumer Banking, Corporate Banking, International Banking and Treasury.

Job Purpose::

To complete all issuance, amendment and settlement of Letter of Credit / Guarantees / Bills, Document Checking and check all incoming and outgoing communications in order to ensure that all processes are completed timely and accurately in line with Service Level Agreement (SLA).

  • Team supervision
    • Supervise work and workflow of staff
    • Ensure blockages are resolved
    • Handle more complex issues and problems
    • Plan work rotations and schedules
    • Provide day-to-day supervision and oversight of the team’s work and handle HR issues
  • LC / LG Issuance & Amendment
    • Authorize and sign LC/LG instruments, Amendment thereto and related swift messages
  • Documentation checking
  • Ensure documents are checked against LCs in line with terms and conditions
    • Ensure required documents have been provided (i.e. commercial invoice, certificate of origin, packing list, airway bill or bill of lading etc.)
    • Ensure compliance with international trade rules and internal guidelines
      Address issues such as inadequate documentation
    • Follow-up with customers on discrepant documents and communicate details of refusal/acceptance of LCs
    • Ensure unresolved cases are reviewed and closed
  • Customer Relations
    • Handle major customer enquiries
    • Communicate with clients on arrival of documents in order to avoid payment of demurrage charges
    • Authorize initial processing, liquidations, acceptances, negotiation and sign related swift message
    • Ensure follow up and timely closure
  • Other
    • Report on documents in hand and completed
    • Follow up processing schedule
    • Send advices to negotiating bank promptly
  • Corporate governance & compliance: Work fully within:
    • Risk policies and procedures
    • All compliance regulations
  • Education / Qualifications:
    • Graduate in any commercial discipline
  • Knowledge:
    • Knowledge of Trade Finance  procedures and practices; Knowledge of documentation requirements etc.

  • Experience:
    • Overall 7 to 9 years in Trade Finance with 3 to 5 years of Supervisory role/Document Checking in Trade Finance. 
  • Generic & Specific Skills:
    • Excellent Communication Skills
    • Bilingual in Arabic and English
    • Computer literacy (MS Office)
    • Customer Management
    • Risk Assessment
    • Sound knowledge of UCP600, ISBP2007, URR725, URC522, URDG758
Note: you will be required to attach the following:
1. Resume / CV

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