Our client, an international company, is looking for an experienced

 

Letter of Credit Officer

 

Job Function:

Provide expert advices in relation with LCs within group of companies

Inform direct superior and trade finance officers on all aspects in related to LCs issues

Follow-up with banks all LC issuance and on confirmation issues

Principal Accountabilities

  • Prepare LCs/SBLCs wordings as per contractual terms received from operators and/or traders and have them sent to banks once approval is received from Trade Finance Dpt.
  • Book LCs/SBLCs in Nova and keep them up to date; also create a hard file for each new trade
  • Submit or review drafts of LCs/SBLCs to be issued in favor of / received from counterparties and negotiate their terms to limit risks on the company
  • Monitor timely issuance by the banks of LCs/SBLc as well as their negotiations to ensure payments/receipt of proceeds on due dates
  • Control that payment instructions given by Operation Dpt. in Nova correspond to actual security issued (LC or SBLC) for Treasury to correctly proceed vis-à-vis the banks
  • Control and eventually instruct operators to issue invoices & LOls in Nova relating to export LCs/SBLCs for further issuance of documents (invoice, LOl…) to be sent to banks as per LC/SBLCs terms
  • Inform Trade Finance & Treasury departments of amounts to be paid/ received by banks in relation with LCs falling under the incumbent responsibility
  • Check commissions and fees charged by banks are as per conditions
  • Check in Nova whether LCs/SBLCs need to be amended or if an amendment is to be issued in favor of the company
  • Provide specialist expertise to other companies of the group for all matters in relation with LC/SBLCs or security instrument such as guarantees, bill of exchange, etc…
  • Use kombo platform to prepare Llcs/SBLcs issuance as well as follow the reception/negotiation of export Llcs with on board banks

Key working relations :

  • LC Manager, Front Officer , Treasury
  • Operations, trading and Accounting
  • Banks LC Departments
  • Know-how and experience required
  • Thorough experience with Banks, preferably, or Trading Companies
  • Strong knowledge of trade finance instruments (guarantees, bill of exchange, documentary credit)
  • Strong knowledge of specific aspect of International Trade (such as incoterms)
  • Fluent in French and good level in English (Oral and written)
  • Degree in Economics or equivalent, a plus

 

 

Date de création : 16.05.2022

 

Si ce poste vous intéresse et que vous correspondez parfaitement au profil recherché,
envoyez au plus vite votre CV à
Star(t) Emploi SA
qui le traitera dans les meilleurs délais en toute confidentialité.

Toutes nos offres sont ouvertes sans distinction, aux femmes comme aux hommes.