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banking jobs in UAE | Commercial Bank International careers

  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:

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