Senior Associate, Forfaiting and Receivables

Senior Associate, Forfaiting and Receivables

City based International Bank are looking to recruit a Senior Associate, to join their Forfaiting and Receivables team.

Main responsibilities will include;

• General daily administration duties, including purchase of different Trade Finance Products for example Promissory Notes, Bills of Exchange and Receivables under Forfaiting structures, checking of documentation, rate fixing, discounting, fees, roll overs, payments, cancellation, collection of funds, in accordance with agreed and documented processes and guided by experienced team members.
• General daily administration duties under Master Receivable Financing Agreements, including checking drawdown documentation and limits, rate fixes, discount calculations, fees, maturity extensions, payments, cancellation, receipt of funds, allocation of funds, credit notes, early repays, and part payments in accordance with agreed and documented processes and guided by experienced team members.
• Review facility documentation for understanding and operational feasibility, in conjunction with the internal and external stakeholders (as appropriate), and guided by experienced team members.
• Prepare Sales/Participations from point of request from GTDD desk through documentation exchange, execution, and monitoring (Psuedo Agency role) and be guided by experienced team members.
• Position and create payments in relation to Forfaiting & Receivable Trade Finance Products within currency cut off times.
• Escalation of breaches, red flags and other issues including non-performing transactions to your reporting line/Head of Department/Support manager in accordance with documented processes.

To be considered for this position, ideal candidates must have the following experience and skills;

• Previous work experience in a Trade Finance function essential (minimum two years).
• The ability to remain calm whilst under pressure from the business and clients.
• Accurate and methodical.
• Good communication and organisational skills.
• The ability to work independently or as part of a team.
• Foreign language skills are an advantage.