Vacancy title:
Trade Finance Officer
Jobs at:
Bank Of AfricaDeadline of this Job:
Wednesday, January 10 2024
Summary
Date Posted: Wednesday, December 20 2023, Base Salary: Not Disclosed
JOB DETAILS:
Job Description
Responsible for handling customer instructions for the various trade products and ensure that they are properly executed and then processed in a timely manner without unnecessary delays.
Key responsibilities
1. Take charge of client requests including bookings, disbursements and recoveries for the trade finance products i.e. Letter of Credit, Guarantees, Import Loans, IBCs and Certificate Discounting.
2. Monitoring of accounts for inflows in relation to the products that a client may have utilized.
3. Maintain MIS reports for utilization, disbursement and due payments which are to be shared on a weekly basis with Relationship Managers
4. Ensure the customers are advised on their documents that are ready for collection in a timely manner.
5. Deal with customer queries regarding trade finance products and services
6. Cross sell to the clients that one interfaces on the other products that the bank may be able to offer.
7. Ensure safe custody of customer documents and advice.
8. Review and monitor income collection accounts and ensure no income leakages on trade finance deals.
9. Collect customer information on service performance for Relationship Managers on the volume and income of the transactions.
10. Carry out any other duties that may be assigned from time to time.
Skills, knowledge and experience
• Bachelor’s degree in Business, Finance, Banking, Marketing or a related field
• Professional or post-graduate qualifications in Finance or Marketing or related fields are added advantage
• 5 years’ experience in Financial Business Development, with exposure to Operations
• Strong track record in Direct Selling, Sales Management and Relationship Management
• Grasp of the Bank’s Policies, Processes and Procedures relating to Business, Operations, Credit and Business
• Knowledge of the Bank’s business model, its strategy and all of its products and services
• Knowledge and interpretation of industrial and national economic trends
Required Competencies
1. Strategic vision: Demonstrate business acumen, strategic thinking, and global perspective to align HR strategies with organizational goals.
2. Data-informed decision-making: Utilize data analytics and technology for evidence-based decision-making, risk management, and competitive intelligence.
3. Change and talent management: Navigate change effectively, engage in talent planning, succession planning, and collaborate with leadership for organizational agility.
4. Effective communication: Communicate HR initiatives strategically, ensuring alignment with overall organizational strategies and fostering understanding.
5. Ethical leadership and adaptability: Integrate ethical considerations into HR strategies, stay agile in dynamic environments, and demonstrate ethical leadership.
Work Hours: 8
Experience in Months: 60
Level of Education: Bachelor Degree
Job application procedure
Interested and qualified Click here to apply
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