Treasury Operations Specialist

Treasury Operations

. BG and LC Management:

• Serve as the primary liaison between clients, project teams, internal departments, and banking partners for BG and LC-related matters.
• Ensure transparent communication, facilitating a clear understanding of BG and LC terms, clauses, and requirements.

2. BG and LC Clarification:

• Collaborate closely with project team/clients to obtain comprehensive clarity on BG and LC clauses, terms, and specific needs.
• Work in conjunction with legal and compliance teams to ensure all documents and agreements comply with relevant regulations and policies.

3. BG and LC Tracker Monitoring:

• Establish and maintain a meticulous tracking system for BGs and LCs, ensuring accurate and up-to-date information.
• Regularly review and update tracker status, payment details, and expiration dates.

4. Bank Reconciliation:

• Perform regular bank reconciliations to match bank statements with internal records, identifying and resolving any discrepancies.
• Ensure accuracy in financial transactions, identifying and addressing any inconsistencies promptly.

5. Internal Coordination:

• Collaborate seamlessly with internal teams such as finance, legal, and project management to gather necessary information and documentation for BGs, LCs, and bank reconciliations.
• Keep all relevant parties informed about the progress and status of transactions and reconciliations.

6. Bank Relationship Management:

• Cultivate and nurture strong relationships with banking partners to expedite BG and LC issuance and address any potential concerns.
• Stay informed about changes in banking regulations and procedures affecting BG and LC processes.

7. Exception Handling:

• Promptly identify and address any discrepancies or issues related to BGs, LCs, and bank reconciliations, implementing effective solutions.

8. Client Consultation:

• Provide expert advice to clients regarding BG and LC matters, helping them understand processes, requirements, and implications.

9. Reporting:

• Generate regular reports on BG and LC activities, as well as bank reconciliation results, ensuring all stakeholders are informed.

10. Team Communication:

• Facilitate open communication within the team, sharing relevant updates, insights, and collaborating effectively to achieve common goals.

Requirements:

• Bachelor’s degree in finance, Banking, or a related field.
• Demonstrated experience in banking operations, particularly in BG and LC management, as well as bank reconciliation.
• Strong knowledge of international trade practices, banking regulations, and legal considerations.
• Excellent communication skills for interactions with clients, project teams, internal departments, and banking partners.
• Meticulous attention to detail and proficiency in record keeping, tracking, and reconciliation processes.
• Problem-solving aptitude to address issues promptly and effectively.
• Ability to foster collaboration and effectively coordinate with cross-functional teams.
• Proficiency in banking software, tools, and reconciliation platforms.