job description
Are you a detail-oriented finance professional with expertise in Trade Finance Operations and Letters of Credit (LC)? PERSOL is seeking a motivated Officer or Senior Officer to join our dynamic team in Bali, Indonesia. This is a unique opportunity to play a pivotal role in managing documentary trade transactions and ensuring seamless operational support for global trade finance activities.
In this role, you will collaborate with cross-functional teams to process, verify, and settle international trade transactions while maintaining compliance with banking regulations and industry standards. Your expertise will contribute to enhancing efficiency, mitigating risks, and delivering exceptional service to clients in the banking and financial services sector.
If you thrive in a fast-paced environment and are passionate about trade finance, we invite you to apply and take the next step in your career with a leading organization in the industry.
Responsibility
- Process and verify Letters of Credit (LC), documentary collections, and other trade finance instruments in accordance with UCP 600, ISP98, and other relevant regulations.
- Ensure accurate and timely execution of trade transactions, including document examination, discrepancy resolution, and payment settlements.
- Liaise with banks, clients, and internal stakeholders to facilitate smooth trade operations and resolve any issues or discrepancies.
- Maintain meticulous records of all trade finance transactions and ensure compliance with audit and regulatory requirements.
- Monitor and reconcile trade finance accounts, ensuring all entries are accurate and up-to-date.
- Provide operational support for trade finance activities, including preparing reports, analyzing data, and identifying process improvements.
- Stay updated on industry trends, regulatory changes, and best practices in trade finance to enhance service delivery.
- Assist in training and mentoring junior team members to ensure high standards of performance and accuracy.
Qualifications
- Bachelor’s degree in Finance, Banking, Business Administration, or a related field. A professional certification (e.g., CDCS, CSDG) is a plus.
- Minimum 2-5 years of experience in Trade Finance Operations, with a focus on Letters of Credit (LC), documentary collections, or trade services.
- Strong knowledge of UCP 600, ISP98, and Incoterms, as well as international trade regulations and banking practices.
- Proven ability to examine trade documents for compliance and accuracy, with a keen eye for detail.
- Excellent communication and interpersonal skills, with the ability to liaise effectively with internal and external stakeholders.
- Proficiency in trade finance software and banking systems (e.g., SWIFT, Trade Finance Platforms).
- Strong analytical and problem-solving skills, with the ability to work under pressure and meet tight deadlines.
- Fluency in English is required; additional languages are a plus.