| JOB NAME |
Documentary Credit Officer (1067) [Nairobi, Kenya]
POSTED BY: Trading and Development Bank
REF:TDB 2017
Date Published:Thursday, October 31, 2024
Date of Expiration:Tuesday, April 29, 2025
RECOMMEND THIS JOB ON FACEBOOK
|
|
|
| LOCATION OF THIS JOB |
 Kenya | NAIROBI in Kenya |
| INDUSTRY |
| DEVELOPMENT FINANCE INSTITUTIONS
|
| JOB TYPE |
| Full-Time |
| MAIN JOB DESCRIPTION |
Requisition ID 1067
Posted 10/30/2024
Closing 21 November 2024.
Department Treasury
Duty Station Nairobi, Kenya.
BACKGROUND
Established in 1985, the Eastern and Southern African Trade and Development Bank Group (TDB Group) is a multilateral, treaty-based, investment-grade development finance institution, with 41 sovereign and institutional shareholders and assets of approximately USD 10 billion. TDB Group currently serves 25 economies in eastern, southern, and western Africa regions, with the mandate to foster trade, regional economic integration, and sustainable development. For more information, visit www.tdbgroup.org.
TDB aims to attract and retain exceptionally talented professionals by offering a conducive working environment and attractive salaries and benefits. In line with its growth strategy, TDB is looking for self-motivated and results-oriented professionals to join a team committed to building a world financial institution aimed at promoting trade, economic development and regional integration. Interested and qualified candidates who are nationals of TDB's member states are therefore invited to apply for the subject position.
JOB SUMMARY
1. 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.
2. The role will also be responsible for the management of swift messages and timely processing of payment through swift and other electronic banking platforms.
DUTIES AND RESPONSIBILITIES
The Documentary Credit Officer performs the following duties:
1. 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.
2. Review and issuance of Import and Export letters of credit.
3. Notifies exporters and importers of issuance of letters of credit covering shipment of mechandise.
4. Draft technical terms and conditions language to ensure proper construction of standby letters of credit, guarantees and documentary letters of credit.
5. Review letters of credit documents to determine compliance with international standards.
6. Verify terms of credit such as amount, insurance coverage, and shipping conditions to determine compliance with established standards.
7. Evaluate and enhance processes for mitigating risks associated with L/C transactions.
8. Manage relationships with correspondent banks and other duties as assigned.
9. Calculate and track fees and commissions.
10. Process payments in SWIFT (telecommunications system).
11. Confirm bank's treasury deals (including confirmation matching) and settlement processes.
12. Assist with the treasury function's audit process for both internal and external audits including liaisons on an audit follow-up points.
13. Liaise with counterparties to process all front-office treasury activities including handling any queries arising after deal execution.
|
| REQUIREMENTS FOR THIS JOB |
QUALIFICATIONS AND COMPETENCIES
1. A Master's degree in Business Administration, Accounting, Banking, Finance or Economics from a recognized institution.
2. Relevant professional qualification such as Certified Documentary Credit Specialist or related qualification.
3. 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.
4. Robust understanding of all aspects of banking relating to Documentary Credit and ability to process complex trade finance instruments.
5. A good working knowledge of SWIFT formatting and other regulations.
6. Experience using SWIFT Alliance software.
7. 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.
8. Proven organizational, problem solving and decision-making skills with the ability to build partnerships, work in multinational teams, deliver results and manage client relationships.
9. Fluency in English is a requirement, and Knowledge of TDB Group's other working language (French) would be an added advantage.
APPLICATION PROCEDURE
Interested and qualified candidates should express their interest by submitting their applications by 21 November 2024.
Application package should include a resume, cover letter, academic and professional certificates, full contact address, and three reference names and addresses.
Please note that only shortlisted candidates will be contacted for further processing. TDB is an equal opportunities employer. Female candidates are strongly encouraged to apply.
|
|
English 
FRENCH
