Rahul Das

Letter Of Credit & Reimbursement:

• Authorizing claims (MT742) , Amendments(MT747) and verifying transaction as per international standard under URR 725 and checking compliance for every transaction.
  Having clear understating for swift message of MT700 series.
• Scrutinizing the documents as received from claiming Bank MT 742, Handing all the incoming swift queries regarding payments from claiming bank and issuing bank.
• Diligently ensured strict compliance of letters of credit and amendments with OFAC (Office of the Foreign Assets Controller)
• Handled import/export letters of credit functions including issuance, advising, amendments, and payments.
• Handling end to end process for reimbursement and LC payments.
• Evaluating the letter of credit and validating the sales contract.
• Review and checking of international export documents like Commercial Invoices, Transport Documents, and Legal Documents as per UCP 600 and to check if the presentations are complying.
• Use SWIFT to create any required messages and examine commercial documents to comply with L/C terms and conditions.
• Preparation of weekly and monthly MIS reports type of payment are made in timely manner.
• Regularly updating SOPs, keeping track of all the exceptions updating/sharing with the team.

Imports Payments:

• Processing wire payments through MT202 , MT103 accordance to guidelines in addition to being in compliance.
• Having clear knowledge about Nostro and Vostro Account.
• Hands on with swift messages and input data in the tool and forward for validation.
• Ensure prompt error free/accurate transaction processing within TAT and service delivery standard.
• Initial scrutiny and verification of documents received from branches.
• Examine documents drawn under import Letters of Credit to determine compliance with terms and condition.
• Processing of import bills received through TON and Trade Stream.
• Daily monitoring of internal accounts and proper record maintenance.
• Resolution of internal/external customer complaints.
• Preparation of weekly and monthly MIS reports.
• Liaised with team members to promote public relations strategies.

Reimbursement and Outgoing collection:

• Handling end to end process for reimbursement team (US TRADE)
• Processing claims(MT742) , Amendments(MT747) and verifying transaction as per international standard under URR 725 and checking compliance for every transaction.
• Having clear understating for swift message of MT700 series and MT400 series
• Handing all the incoming swift queries regarding payments from claiming bank and issuing bank.
• Compliance checking of the transactions, documents as per OFAC (Office of the Foreign
  Assets Controller) and “US Department of the Treasury” including Anti-Money Laundering
  and Boycott
• Handle calls with onshore regarding process performance and updates on weekly basis.
• Taking care of all metrics in process (productivity, accuracy, timeliness targets)
• Preparation of weekly and monthly MIS reports type of payment are made in timely manner.
• Regularly updating SOPs, keeping track of all the exceptions updating/sharing with the team.

Letter of Credit(LC)&Open Account:

• Review and checking of international export/import documents like Commercial Invoices, Transport Documents, and Legal Documents as per the rules to check if the presentations are complying for the payment or discrepant.
• Advising L/C and amendments as per client's request within international standard under UCP600 comply with terms and condition
• Use SWIFT to create any required messages and examine commercial documents to comply with L/C terms and conditions,
• Compliance checking of the transactions, documents as per OFAC (Office of the Foreign Assets Controller) and “US Department of the Treasury” including Anti-Money Laundering and Boycotts.
• Recognize and advise about the high-risk transactions' shipment and documents to the client (Importer) including our onshore team and then take appropriate action.
• Match the funding and release the transactions to make the final payment to the exporter debiting the account of the importer.
• Processing and Verifying documents, FVTs, Re-POP, Revise and Setups.
• Handle calls with onshore regarding process performance and updates on weekly basis.
• Preparation of weekly and monthly MIS reports type of payment are made in timely manner.
• Regularly updating SOPs, keeping track of all the exceptions updating/sharing with the team.
• Monitoring the daily queues for respective products.

• Preparing cash margin for Mumbai (NOC) and Gurgaon (NOC).
• Handling the documents under Buyer's credit for LC team and bill booking.
• Preparing the MIS- report on daily basis.
• Handling branch quires.