Job Description
As a Senior Accounts Receivable Analyst, you will play a crucial role in managing the financial transactions related to Letters of Credit among other responsibilities. Your primary responsibilities will include reviewing letters of credit, ensuring timely submission of presentation documents, minimize potential discrepancies, and maintaining accurate records. Here are the key duties and qualifications for this position:
Responsibilities:
Review Letters of Credit (LC) Drafts:
- Provide support in reviewing LC drafts and officially issued Letters of Credit.
- Offer feedback and advice to internal and external partners regarding the contents of LC drafts.
Letters of Credit Checklist
- Prepare Letters of Credit checklists and submit them for approval.
- Post approved checklists to the internal site.
Amendments and Communication:
- Process all Letters of Credit amendments received.
- Disseminate information about amendments to various internal teams and third-party partner.
Logistics Coordination:
- Follow up with Logistics teams to ensure presentation documents required for Letters of Credit presentation are in order.
Timely Responses:
- Respond promptly to inquiries from internal teams regarding the status of orders associated with Letters of Credit.
- Address internal and external inquiries about the status of Letters of Credit.
Escalation and Supervision:
- Escalate non-routine questions to your manager.
- Prioritize daily tasks and provide supervision and guidance to junior staff members.
Collaboration and Issue Resolution:
- Collaborate with peers, colleagues, and managers to resolve issues and achieve goals.
Compliance and Knowledge Development:
- Develop a deep understanding of the function, internal policies, procedures, and compliance requirements related to accounts receivable.
- Ensure compliance with all internal and external audit requirements.
Bank Guarantees and SBLCs:
- Process bank guarantees and Standby Letters of Credit (SBLCs) requested by customers.
- Submit these requests for approval.
Feedback and Reporting:
- Provide feedback to your manager for any improvements to current processes.
- Prepare quarterly bank guarantee reports and submit them to your manager.
- Track and prepare monthly bank guarantee bank fees for payment consideration.
Requirements:
- Bachelor’s degree (or equivalent related work experience) with a focus on finance, accounting, or a related discipline
- Minimum of 6 years of experience in Trade Services or demonstrated equivalent work experience in a related field.
