Santhosh S Das

Experience

• 

  ICICI Bank

  Nov 2010 - Feb 2017

  Letter of Guarantees (Foreign and Domestic):-• Supervising a team for Letter of Guarantees and reporting to Head of Trade Finance. • Receiving Issuance/amendment request from customers,scrutinizing,verifying the authenticity.• Checking the financial position related to the customers;follow up for the approvals with Corporate Team/Commercial Team if required. • Highlighting exceptions (Limit expired, No facility,AML,Sanctions etc.) and obtain necessary approvals from credit or compliance team. • Upon approval by Corporate Team/Commercial Team/ Credit/ Compliance team processing the transaction in Core Banking application (Finacle) including collection of Commission on Upfront/Quarterly/Yearly basis. • Consultation with legal team for onerous clauses in Guarantee Text. • For counter guarantee issuance, contacting foreign institutions group for selection of foreign bank and arranging quote regarding charges. • Authorize LG bookings/liabilities and commissions/transactions in Core Banking. • Prepare/Authorise the swift messages (MT760/MT767/MT799/MT769) • Monitoring expired guarantees to be reversed. • Periodical recovery of commissions on local guarantees/counter guarantees. • Verifying swift messages for issuance/amendments of guarantees, commissions claimed on a period basis. • Commission payment to foreign banks for counter guarantees.Other activities handled:-• Experience in Documentary and Clean Collections including Lodging of Bills, Acceptance and Payments. • Handled Bill Discounting, Authorizing Negotiations/Forwarding documents to Issuing Bank on Approval Basis. Export LC Bills processing, Tracers, Correspondence to banks etc. • Reimbursement Claims, Pre and Post Shipment financing and Scrutiny of trade documents. • Delivery order and shipping guarantee issuance. • Export LC advising. • Providing product training for the new joiners. Show less 1. Letter of Credit (Import and Inland) issuance and checking Documents under LC:-• Receiving Issuance/amendment request from customers, scrutinizing, verifying the authenticity. • Checking the financial position related to the customers;follow up for the approvals with Corporate Team/Commercial Team if required. • Highlighting exceptions (Limit expired or No facility,AML,sanctions etc.) and obtain necessary approvals from credit or compliance team. • Upon approval by Corporate Team/Commercial Team/ Credit/ Compliance team processing the transaction in Core Banking application (Finacle) including collection of Commission. • Authorize LC bookings/liabilities and commissions/transactions in Core Banking system. • Preparing and verifying the swift messages (MT 700,707,740 etc.) . • Daily monitoring of Settlement of Documents. • Daily MIS reporting. • Reversal of Expired LC's. • Documents presented under LC are checked and Discrepancies are noted and advised to the clients and negotiating bank via MT734. • Handling acceptance and Communicating to foreign bank via MT752. • Handling Reimbursement authorization Show less

  • Deputy Manager

    Apr 2013 - Feb 2017

  • Assistant Manager

    Nov 2010 - Mar 2013
• 

  RAKBANK

  Feb 2017 - now

  Trade Finance Officer