Business Acumen Key Responsibilities

• Review and execute all the LGs applications, documents and correspondence from the branches, check whether all data are filled in properly, ensure that error free services are delivered to customers within prescribed turnaround response time and compliant with the operating procedures and delivery standards.
• Review the black list for the parties involved in the transaction: remitting bank, drawer and all the other involved parties (if any).
• Check the bank’s credit approval, including the tenor, expiry date and purpose, to ensure that all the information is clear and accurate.
• Review the clients’ accounts to ensure the availability of a sufficient balance to cover the required margin, commissions and fiscal stamps.
• Review statements received on daily basis from internal control and SWIFT department to follow up receipt of requested amount within five working days.
• Review the relative checklist in order to be submitted for verification.
• Ensure all the related commissions and charges are debited correctly.
• Handle issuing, cancellation and amendment letter of guarantees (local and foreign).
• Prepare new file containing a copy of the letter of guarantee in order to be addressed to the financial department.
• Prepare SWIFT messages to the correspondent bank advising beneficiaries’ claim requesting them to immediately honour ADIB – Egypt claim crediting our account for amount requested by beneficiary plus charges under advice to ADIB- Egypt.
• Assign a reference number to the Letter of Guarantee by initiating the issuance on trade wind for the supplier’s Letter of Guarantee.
• Handle delivering a copy of the confiscation letter to the client and send the original letter of guarantee, all amendments and a copy of the bank draft to the local letters of guarantee department.
• Handle both the debiting and crediting processes that are related to letters of guarantee in the bank’s “NOSTRO” on the Trade Wind System.
• Process all the items on a timely and accurate basis in order to achieve the quality standards of service and accuracy.
• Take part in providing any value-added consultative LGs services to customers, business groups, overseas units, correspondents and local banks.
• Review CBE reports on a weekly basis, outstanding letters of guarantee, letters of guarantee on monthly basis and the original shipping documents.
• Handle posting transaction entries, printing them and ensure their submission to the concerned parties for verification.
• Ensure that all documents have been registered in a special register showing date of receipt, customer name and amount.
• Participate in the related UAT testing and review the results to ensure correct implementation.
• Handle received complaints in cooperation with Consumer Rights Protection – Compliance & Governance – in accordance with the policies and procedures and identified SLA.

And any other assigned Tasks.

Minimum Qualifications

• Bachelor degree.

Minimum Experience:

• At least 2+ years of relevant experience, preferably banking.

Job-Specific Knowledge & Skills:

• Good knowledge of Bank functions, responsibilities & processes.
• Very good analytical skills.
• Very good presentation and negotiation skills.
• Excellent command of MS Office (Word, Excel).

Personal Skills

• High level of professionalism and self-motivation.
• Very good problem-solving skills.