Senior Associate - Supply Chain and Factoring - FTC Ops
Mashreq
Date: 2 weeks ago
City: Remote
Contract type: Full time
Remote
- Entire process should be followed as per agreed Product Program, Process Notes, SOPs, OPM, CPM and ADMs.
- Ensure timely authorization of transactions (Disbursement, Amendments and Settlement) without any error and SLA/TAT breach.
- Ensure no product level understanding gaps specifically on Supply chain and Factoring products including Standard Wholesale Credit policies.
- Ensure no errors while review of Credit Proposal & Agreements at the time of sanctioning disbursement against submitted drawdown request by client.
- Ensure no errors while recovering fees, charges, VAT, interest, profit, penalties and charity against any o/s exposure specifically pertain to Supply chain and Factoring loans & finances.
- Complete understanding of accounting standards and APPM to ensure no errors while accrual of income & charge components.
- Ensure to have complete knowledge of SWIFT (MT103, MT202 and Inquiries Msg.) & UAEFT standards and ensure no errors while making SWIFT and UAEFTS payments.
- Ensure to complete operating systems related UATs and highlighted related observations & defects promptly.
- Ensure timely & strong tracking of post disbursement credit terms and incase of any breach report immediately.
- End to end coordination with relevant stakeholders for any exception & clarification till closure/resolution.
- Perform & Review daily reconciliation of all activities/process steps which have been recorded & updated in trackers and continuous follow-up for closure. Reconciliation status to be published daily to unit manage by highlighting the issues (if any).
- Ensure all banking accounts are balanced while reconciliation b/w multiple systems.
- Develop a controlled platform/mechanism to ensure all activities are being performed timely and error free.
- Ensure timely escalate to Manager if action items are being delayed/not responded within defined timelines.
- Ensure errors/knowledge gaps are shared with line manager/team to address customer service issues.
- Ensure to have complete knowledge of trade cycle and ensure no error or mistake while Compliance & EDD screening.
- Strong referral and follow up skills till completion of o/s task.
- No revenue leakage due to miss out in charges collection.
- No outstanding reconciliation entries pending in Nostro/Vostro or Internal accounts.
- Experience of handling new system UATs, defining requirements and relevant follow-ups.
- Ensure to have complete understanding of banking platforms like Flex (Oracle), ELCM, SWIFT, UAEFTS, EDMS, LLOYDs, FIRCO and SCF/IMX/Kastle
- Ensure timely authorization of transactions (Disbursement, Amendments and Settlement) without any error and SLA/TAT breach.
- Ensure no product level understanding gaps specifically on Supply chain and Factoring products including Standard Wholesale Credit policies.
- Ensure no errors while review of Credit Proposal & Agreements at the time of sanctioning disbursement against submitted drawdown request by client.
- Ensure no errors while recovering fees, charges, VAT, interest, profit, penalties and charity against any o/s exposure specifically pertain to Supply chain and Factoring loans & finances.
- Complete understanding of accounting standards and APPM to ensure no errors while accrual of income & charge components.
- Ensure to have complete knowledge of SWIFT (MT103, MT202 and Inquiries Msg.) & UAEFT standards and ensure no errors while making SWIFT and UAEFTS payments.
- Ensure to complete operating systems related UATs and highlighted related observations & defects promptly.
- Ensure timely & strong tracking of post disbursement credit terms and incase of any breach report immediately.
- End to end coordination with relevant stakeholders for any exception & clarification till closure/resolution.
- Perform & Review daily reconciliation of all activities/process steps which have been recorded & updated in trackers and continuous follow-up for closure. Reconciliation status to be published daily to unit manage by highlighting the issues (if any).
- Ensure all banking accounts are balanced while reconciliation b/w multiple systems.
- Develop a controlled platform/mechanism to ensure all activities are being performed timely and error free.
- Ensure timely escalate to Manager if action items are being delayed/not responded within defined timelines.
- Ensure errors/knowledge gaps are shared with line manager/team to address customer service issues.
- Ensure to have complete knowledge of trade cycle and ensure no error or mistake while Compliance & EDD screening.
- Strong referral and follow up skills till completion of o/s task.
- No revenue leakage due to miss out in charges collection.
- No outstanding reconciliation entries pending in Nostro/Vostro or Internal accounts.
- Experience of handling new system UATs, defining requirements and relevant follow-ups.
- Ensure to have complete understanding of banking platforms like Flex (Oracle), ELCM, SWIFT, UAEFTS, EDMS, LLOYDs, FIRCO and SCF/IMX/Kastle
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