Import Processor

Job description

JOB SUMMARY: Responsible for negotiation of payment and release of original shipping documents under Letters of Credit/OA/DP/DA Accounts. JOB DESCRIPTION: Receives original shipping documents from foreign banks through courierReceives incoming advise o f negotiation from cable section and informs accountofficers for proper disposition i.e. instruction for bookingRecords in the IB/CLA logbook and assigns numbers in consecutive mannerRefers to offering memos or credit memorandum regarding conversion rates and other instructions to be usedPrepares computations of principal and other correspondent bank chargesPrepares IB/CLA manifold, billing statements, discrepancy lettersPrepares cable for discrepancy acceptance, reimbursement authority and incoming telex queries to correspondent bank.Monitors correspondent bank charges collected upon Ic opening and to be applied upon negotiation or settlementPrepares accounting entries for booking of customer liability on acceptancesEarmarks to treasury all transaction for proper funding to reimbursing banksRegister the DA, OA transactions to Central Bank ten (10) days before maturityFiles the documents i n their respective LC folders.Prepares daily/monthly reports: IOS, AMLA Report, Treasury Report