banking jobs in UAE | Commercial Bank International careers
banking jobs in UAE | Commercial Bank International careers
Commercial Bank International announced, through its Linkedin account, a bank job in uae (Factoring Operations Specialist) according to the following:
Ensure the customer applications / requests received are time-stamped, duly completed and signed.
Process factoring transactions (end-to-end) as per the existing Standard Operating Procedures ensuring all activities are completed within the agreed turn-around times with a high degree of accuracy.
Process factoring transactions in accordance with international rules and regulations in a way that supports the business units and ensures a good working relationship with Bank's clients.
Ensure to prepare a checklist for all transactions and appropriate approvals are obtained for any deviations from the Standard Operating Procedures.
Liaising with Buyers' accounting departments to verify/reconcile the outstanding ledger balances, obtain any information related to receipt of goods and confirm timely receipt of payments.
Close monitoring of transactions and creating required reports to different departments and credit insurance.
Follow up with clients and debtors by setting up dunning letters and do call as per preschedule timeline and pre-defined matrix within factoring operations SOP.
Follow up with the client on credit insurance inquires, where applicable.
Responsible for the management and implementation of factoring services administration in order to meet business objectives and deliver superior service to clients.
Recommending procedures or system enhancements with a strategic view to increase productivity; and efficiency while maintaining controls.
Developing professional and collaborative working relationships with team members, peer organizations and internal/external stakeholders.
Perform effective testing on the factoring system for new functionalities /enhancements as and when required.
Coordinate with Transaction Banking team to provide inhouse training, awareness of factoring and open account product to sales and marketing team.
Ensuring proper set up of Operations workflow and procedures.
Diploma / bachelor’s degree.
Conversant with basic banking, trade finance terminologies and factoring.
Knowledge on Factoring rules.
Additional knowledge on UCP (latest version), Incoterms, ISBP, URC (latest version), Uniform Rules for reimbursement URR (latest version), URDG and ICC opinions and preferably CDCS (Certified Documentary Credit Specialist)
5-8 years of Factoring/Trade Finance experience, higher experience will be preferred.
Details and apply for this Commercial Bank International job as follows:
