Business Analyst
ROYAL BANK OF SCOTLAND
- Worked in Letter of Credit (LC) Issuance and Letter of Credit, Issued, advised, and amended Import and Export Letter of Credit for over 100 customers in Australia, Japan, Thailand, Singapore, Hong Kong, Indonesia and India
- Prepared Letter of Credit Application and amendments as per trade policies (UCP 600, ISP98 guidelines)
- Effectively partnered with the countries in the bank’s clientele, to close out payment transactions in a timely manner
- Verified the Import and Export of Letter of Credits, Bank to Bank reimbursements and amendments
- Reviewed client accounts for signs of fraud and non-payment issues
- Effectively contributed to the trade services client experience by ensuring that established Service Level Agreements were consistently met
- Checked and verified the completeness of shipment documents (FOB) released from banks
- Managed issuance and amendments of Letters of Credit ensuring compliance with international trade regulations and timely execution
- Resolved discrepancies in financial transactions, ensuring accuracy and adherence to policies
- Collaborated with internal teams and external stakeholders to streamline trade finance operations, enhancing on-time delivery performance
- Streamlined purchase order (PO) processes, ensuring alignment with letter of credit terms to facilitate smooth international transaction
- Reduced processing time by 15% by integrating PO and letter of credit workflows
- Verifying credit note for preparation of LC issuance, adjustments and resolving FOB errors while preparing the Letter of Credit Issuance
