Pranav Desai
Mumbai
Summary
Been in trade finance with approx 4.5 years of experience in trade finance earlier in TCS working for Citi project and now continuing working for Citi bank. Demonstrates proficiency in trade finance, documentation and understanding of Letters of Credit and Incoterms. Exhibits a detail-focused approach, ensuring accuracy and compliance in all transactions. Aims to leverage these skills to further enhance operational efficiency in the field of trade finance and contribute immensely for objective of the organisation.
Overview
4
4
years of professional experience
1
1
Certification
Work History
Trade Finance Specialist
Citi bank-Citicorp Services India Pvt Ltd
Mumbai
01.2022 - Current
- Processing of import LC documents received from the beneficiary bank or directly received from the beneficiary itself.
- Handling of International and Local import bills under UCP 600, ISBP version 745, 821 guidelines.
- Scrutinizing the documents which includes commercial documents and the financial documents as per the prescribed guidelines.
- Performing OFAC, AML checks in each transaction in order to avoid any regulatory compliance breach.
- Generating the DAN(Document Arrival Notice) for the client at Citi.
- Communicating the discrepancies to the beneficiary bank while scrutiny of the documents via MT734 if any found in the transaction and making sure same is communicated within 5 banking days.
- Processing of Delivery Orders/SGR.
- Taking responsibility of mails from various stakeholders of Citi, responding and taking actions in customer service messages received from beneficiary bank.
- Handling miscellaneous activities such as allocating transactions, Sending mail of previous day volume of transactions which was received, sending mail if any Delta screening alert is pending, DO reconciliation report, etc.
- Being consistent enough in productivity of the transaction in quantitative and qualitative terms in order to achieve client satisfaction which in turn achieving organization's goals.
- Knowledge of UCP 600, ISBP 745, 821, incoterms and basics of processing collection transactions.
- Identifying process gaps and providing suggestions.
- Thoroughly following the LOP and checklist for the LC product.
- Attained and continuing to attain as much knowledge and educating through trainings, reading master directions etc.
- Attending daily huddles arranged by seniors and updating myself daily with regards to any process change, knowledge and also providing suggestions if any with respect to the process.
Process Associate
Tata Consultancy Services
Mumbai
09.2019 - 01.2022
- Processing of import LC documents received from the beneficiary bank or directly received from the beneficiary itself.
- Handling of International and Local import bills under UCP 600, ISBP version 745, 821 guidelines.
- Scrutinizing the documents which includes commercial documents and the financial documents as per the prescribed guidelines.
- Performing OFAC, AML checks in each transaction in order to avoid any regulatory compliance breach.
- Generating the DAN(Document Arrival Notice) for the client at Citi.
- Communicating the discrepancies to the beneficiary bank while scrutiny of the documents via MT734 if any found in the transaction and making sure same is communicated within 5 banking days.
- Processing of Delivery Orders/SGR
- Taking responsibility of mails from various stakeholders of TCS responding and taking actions in customer service messages received from beneficiary bank.
- Handling miscellaneous activities such as allocating transactions, customer service etc.
- Being consistent enough in productivity of the transaction in quantitative and qualitative terms in order to achieve client satisfaction which in turn achieving organization's goals.
- Knowledge of UCP 600, ISBP 745, 821, incoterms and basics of processing collection transactions.
- Identifying process gaps and providing suggestions.
- Thoroughly following the LOP and checklist for the LC product.
- Attained and continuing to attain as much knowledge and educating through trainings, reading master directions etc.
- Got absorbed by Citi from TCS in insourcing process on performance basis.
Education
Bachelor in Accounting And Finance - Accountancy And Finance
Thakur College of Science And Commerce
Mumbai, India05-2019
SSC - .
St Lawrence High School
Mumbai, India03-2014
Hsc - Commerce
Thakur College of Science And Commerce
MumbaiSkills
- Documentation Management
- Trade Finance
- Incoterms
- Letter of Credit, Documentation
- Microsoft Office, Tally etc
- Quick learning
- Effective communication
- Team player
- Critical Thinker
- Data Entry
- Problem Solver
Accomplishments
- BPS Star Performer Award at Tata Consultancy Services
- Best maker Award at tata consultancy services and at Citi for first pass accuracy.
- Received Certificate in Rewards and Recognition at Citi with regards to completion of CITF exam successfully.
Languages
Gujarati
First Language
English
Proficient (C2)
C2
Hindi
Proficient (C2)
C2
Certification
- Certificate in International Trade and Finance(CITF) from Indian Institute of Banking and Finance.
HOBBIES
- PLAYING SPORTS
- LISTENING TO MUSIC
- LEARNING, WATCHING T.V ETC.
- READING
Timeline
Trade Finance Specialist
Citi bank-Citicorp Services India Pvt Ltd
01.2022 - Current
Process Associate
Tata Consultancy Services
09.2019 - 01.2022
Bachelor in Accounting And Finance - Accountancy And Finance
Thakur College of Science And Commerce
SSC - .
St Lawrence High School
Hsc - Commerce
Thakur College of Science And Commerce
- Certificate in International Trade and Finance(CITF) from Indian Institute of Banking and Finance.
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