Sandip Prakash Kaginkar
Trade Finance Operation
Pune
Summary
Trade Finance Operations with over 9 years of experience in a management capacity within the banking industry including Trade Finance Operations and Regulatory Reporting. Management experience includes Documentation responsibility, improving service team performance, Managing Records of branch activities and providing to respective departments and Central Risk Management. Record reflects a dedicated and team oriented professional whose accomplishments exhibit adept strong leadership skills and a demonstrated commitment to growth with the ability to communicate with a diverse number of people.
Overview
10
10
years of professional experience
1
1
Certification
4
4
Languages
Work History
Trade Finance Operations
Woori Bank (South Korean Bank)
08.2024 - Current
- Handled end-to-end processing of trade finance instruments including Letters of Credit (LCs), Documentary Collections, and Bank Guarantees.
- Issued, amended, and negotiated Import/Export LCs in compliance with UCP 600, ISBP, and URR guidelines.
- Managing activities related to EDPMS &IDPMS closer of export transactions.
- Handled Buyer’s Credit transactions, coordinating with banks and clients to ensure seamless import financing and compliance with regulatory guidelines.
- Reviewed and verified shipping and trade documents for accuracy and compliance before approval and settlement.
- Coordinated with relationship managers, clients, and correspondent banks to resolve discrepancies and ensure timely transaction execution.
- Processed inward/outward remittances and ensured compliance with FEMA, AML, and KYC regulations.
- Monitored SWIFT MT7xx series messages for LCs, amendments, and settlements, ensuring accurate message formatting and compliance.
- Ensured timely settlement of trade transactions while maintaining low error rates and high accuracy.
- Supported risk mitigation efforts by adhering to strict trade compliance procedures and sanction checks.
- Conducted document scrutiny for LC document presentations and ensured timely payment or acceptance.
Trade Finance Department
Axis Bank
09.2023 - 08.2024
- Checking of documents pertaining to Collections, Advance and Direct Payments.
- Processing and Authorization of Direct and Advance remittance, Export Transaction and Merchant Trade Transaction.
- Attending to front-end Requirements of Corporate/SME Clients.
- Handling Branch transactions related to Import and Export.
- Co-coordinating with clients/corresponding banks for getting the queries raised by Trade.
- Raising and follow-up with treasury to confirm the rates in co-ordination with customer information.
- Inland Bank Guarantee documents checking & Issuance, Closure, Amendment, Invocation process.
- Handled Buyer’s Credit transactions, coordinating with banks and clients to ensure seamless import financing and compliance with regulatory guidelines.
- Managed PCFC (Pre-shipment and Post-shipment Export Credit) facilities, supporting exporters with working capital and ensuring timely loan disbursement and compliance.
- Ensure transactions are processed completed within TAT(Turn Around Time) and resolving the queries from branch.
- Carry out daily reconciliation of Nostro managed for debits and credits of financial transactions, Recall of funds, return of funds and amendments.
- Managing activities related to EDPMs &IDPMS closer of export transactions.
- Inward Remittance & Outward Remittance Transaction Documents checking & processing within TAT.
Operations Department
Kotak Mahindra Bank
12.2021 - 09.2023
- Daily reporting of inward and outward transactions to Directorate of Revenue Intelligence.
- Managing issue related to Cross Border Wire Transfer Reporting and Currency Transaction Reporting.
- Handling daily reporting of Liberalized Remittance Scheme (LRS)
- Managing activities related to EDPMS &IDPMS closer of export transactions.
- Managing Special Monthly Return VI-AB.
- Processing of Direct and Advance remittance, Export Transaction.
- Inward Remittance & Outward Remittance Transaction Documents checking & processing within TAT.
- Inland Bank Guarantee documents checking & Issuance, Closure, Amendment, Invocation process.
- Co-coordinating with clients/corresponding banks for getting the queries raised by Trade.
- Customer Handling & all operation processing.
Trade Finance Operations
HDFC Bank Ltd
02.2016 - 12.2021
- Responsible for FEMA checking of export documents.
- Managing activities related to EDPMS &IDPMS closer of export transactions.
- Responsible for generation of inward remittance in EDPMs where payments received against exports.
- Handling the issues related E-FIRC issuance and extension of inward remittance.
- Handling the issues related to AD transfer of shipping bills.
- Handled Buyer’s Credit transactions, coordinating with banks and clients to ensure seamless import financing and compliance with regulatory guidelines.
- Managed PCFC (Pre-shipment and Post-shipment Export Credit) facilities, supporting exporters with working capital and ensuring timely loan disbursement and compliance.
- Handling audit issues where advance payments received against the exports.
- Handling E-BRC Issues for the cases where Export Collection Settled.
- Managing issues related Export Data Processing and Monitoring system (EDPMS) for private commercial clients.
- Handling issues related inward Remittance received against the exports.
- Responsible for actionable on outstanding bill of entries.
- Handling cases where Customer Accounts Limits Exceed.
- Managing Merchanting Trade Issues.
- Inputting Daily Import and Export transactions to client accounts.
- Managing Trade Deferral cases.
- Maintaining record of Daily Import as well as Export Transactions and preparing Income Report.
- Responsible for trade related Swift details.
- Managing reversal charges issues.
Education
Bachelor of Arts - English
Shivaji University
SATARA 04.2001 -
Skills
Diploma in computer operating system MS-CIT
Excellent proficiency in Ms - Excel
Ms - Power Point
Very well versed in TRRACS, Tradax, Trade Stream, Intellect, Cash in Collection, Finnone, Flexcube and Finware, Los Systems
Knowledge of Trade Finance System
IIBF Certificate Of KYC -AML
Interests
Photography, Cooking, Traveling, Reading, Music
Accomplishments
- I have Completed my Graduation with Earn & learn scheme in Rayat college.
- Achieved yearly outstanding Performance award in Hdfc Bank . for year 2016-2017
- Exceptional O/S rating for Period April 2017-2018
- Exceptional O/S rating for Period April 2018-2019
- Exceptional O/S rating for Period April 2019-2020
- Exceptional O/S rating for Period April 2020-2021
- Exceptional O/S rating for Period April 2021-2022
Qualities
Effective Communication Team Collaboration Problem Solving Customer Service Orientation Time Management
Certification
IIBF certification of KYC AML
Timeline
Trade Finance Operations
Woori Bank (South Korean Bank)
08.2024 - Current
Trade Finance Department
Axis Bank
09.2023 - 08.2024
Operations Department
Kotak Mahindra Bank
12.2021 - 09.2023
Trade Finance Operations
HDFC Bank Ltd
02.2016 - 12.2021
Bachelor of Arts - English
Shivaji University
04.2001 -