ALI HUSSEIN ALZAIN

• Scrutinizing and processing of L/C applications.
• Contact insurance company’s to send insurance policies for new L/C’s.
• Input and retirement of L/C documents and process it on system, advice customer’s and deliver document’s to customer with solving their problems daily basis.
• Checking L/C documents as per UCP 600.
• Input and payment’s- correspondence of documents on collection. (DBC)
• Input and payment’s - correspondence of outstanding bill under collection. (OBC)
• Input and processing new export L/C’s, payment, amendment & correspondence with solving of customer problems daily basis.
• L/G’s – processing new L/G’s, amendment, extend/pay & correspondence.
• Scrutinizing and processing of risk participation applications.

Responsibilities:

• Review and approve or reject applications for letters of credit, adhering to related regulations and standards. Negotiates and resolves issues with customers.
• Obtains necessary information to process and complete letters of credit and related financial transactions.
• Verifies terms of credit, such as amount, insurance coverage, and shipping conditions to determine compliance with established standards.
• Verification (checking) of documents and banking advices presented under Documentary Credits (Issued & Advised) according to the relevant ICC publications UCP 600, International Standard Banking Practice.
• Follow up work of clerical support staff to ensure efficient functioning of activities and provide guidance to them in their day-to-day.
• Ensured transactions are processed in compliance with Central Bank guidelines and policies.
• Followed AML checklists (OFAC/UN/BOA/CIA) at all stages of the process.
• Follow up on Trade Export Bills discrepancies, acceptance and payment
• Monitored overdue import LC bills and resolved customer conflicts due to any discrepancies.
• Processed financial transactions and remitted funds for sight bills and confirmed payment at maturity for acceptance bills.
• Customer identification checks ‑ Authorized signatories/ Signatures etc. through Sig-cap and Finacle system (KYC/AML)
• Managed customer relationships and assisted customers in all queries on the banks products and seek resolution to their requests.
• Control and risk management matters by establishing a framework to assess the legal/operational risks facing the departmental activities
• Bank reconciliations
• Maintain procedure manuals and daily process checklists ensuring efficient deal management
• Checked and verified information prepared by Trade finance clerk.
• Supervises, coaches and trained staff on the operating system and process related activities.

• Financial Department