Ashok Shetty
DUBAI
Summary
A Passionate International Trade Finance and Treasury with 14 year experience in industry like Agri commodities, Chemicals,Fertiliers and banking sectory.
Overview
3
3
years of professional experience
1
1
Certification
Work History
Treasury Specialist
Export Trading Group
10.2021 - Current
- Primary Responsibility Include: Day to Day Operations.Payments(inward and outward),Trade finance Operations Activity ( Letter of credit, Bank Guaratnee, Export collection documents,Import Collection Documents,trust receipt,invoice finacce request, workign captial drawdowns, All corodination and communication with banks and internal stakeholders.Reconcilations, reporting and mis.Kyc and account opening.
Treasury Specialist
Al Barakah Holding
Abu Dhabi
03.2021 - 10.2021
- Input Inter-company settlements; liaise with bank as need for any issues related to inward/outward remittance
- Review monthly bank charges to confirm accuracy
- Weekly Cash balance reporting, recommends cash repatriation for excess balances to manager; liaise to local ops to execute and informs accounting team of transactions and loan balances Prepare weekly/monthly cash balance report send it to corporate; compare monthly balances with HFM reporting and identify any major variance and coordinate with respective team (Account Receivable and Payable) to resolve the issues
- Maintenance of bank account databases with 300 plus accounts, initiate opening and closing of bank accounts maintenance of signatory mandate, maintenance of e-banking platform and liaise with banks to resolve issues and escalate as necessary
- Support issuance, amendment and cancellation of bank guarantees / letter of credits, including preparation of applications to bank to issue guarantees through corporate / local credit facility; liaise with bank and internal commercial group to finalize the bank guarantee language; review the bank guarantee report and follow-up with the internal commercial group for the status of guarantees which are expired/expiring in the upcoming months; check the actual bank guarantee charges as per bank statement and confirm the charges are in line with credit facility agreement; maintain bank guarantee database and save necessary documents
- Ad-hoc banking and cash management request and reports as needed.
Trade Finance Specialist
Abu Dhabi Commercial Bank
Abu Dhabi
- Monitoring and ensure first Level of Scrutinize & process the submitted Trade documents at branch
- Assisting in guarantee text vetting, Export LC draft, import LC draft, SBLC text vetting
- To attend to walk in clients and guide / assist the client in seamless processing of their queries / transactions / form filling/ pre checking application of Guarantee, Import LC, Export LC Documents, Export collection, Invoice finance
- Follow up for payments with correspondent banks, coordinating with credit and financial institution teams to expedite approvals and bank limits, providing information on IMB, B/L tracking to expedite approvals from compliance
- Verify trade tracking ageing reports; check on pending transactions, and advising trade solutions/clarifications on pending transactions to expedite clearance
- Handling new set of clients, understanding the exact requirements & offering solutions from Operations point of view
- Coordinating with stake holders for smooth flow trade transactions, which helps in delighting the clients & to meet organization goal
- Ensure that all activities undertaken are fully compliant with relevant policies and procedures and that they actively contribute to satisfactory audit ratings.
LC Documentation Coordinator
KINTETSU WORLD EXPRESS
- Preparing LC documents and making sure that the negotiating documents are as per LC terms
- Liaison with the banks for pricing for export document negotiations/discounting
- Analysis of bank fees and providing recommendations for cost savings opportunities
- Communicate effectively with local finance teams and the corporate tax and legal departments to ensure efficient cash movements
- Preparing LC discrepancy report on monthly basis and holding a meeting with documentation team to ensure that they are not repeated in the future
- Review import LC applications / amendments and Export LC’s to ensure that they are issued as per Company Policies and UCP 600 rules
- Coordinate between various Business Units, banks, and insurance co., shipping co
- Forwarders so that all the enquires are answered and to meet all the requirements of the LC’s for the import / export shipment
- Monitored supply chain management process and resolved any discrepancies.
Assistant Manager -Trade Finance Service
KOTAK MAHINDRA BANK LTD
Mumbai
- Handling more than 15 retail branches for various trade product requirements/transactions
- Scrutinizing disposal instructions for inward remittances received for all branches on day to day basis
- Scrutinizing all Imports payments/Remittances (Advance Import payments, Direct Import Payments, Outward Remittances and Collection Bills etc.) As per the latest guidelines applicable
- Booking FX cash rate for all outward & inward Remittances Issuance of Foreign Inward Remittance Certificates, Remittance advices
- Processing all Inland, Import, Exports bills received under LC, GR release and BRC issuances Processing of Letter of Credits, Bank Guarantees, Packing Credits, Buyers/Supplier’s credits post scrutiny of all major requirements like sufficient limits, Cash Margins etc.as per facilities sanctioned to the clients Resolving all queries of various trade products from all branches as well as from clients.
Relationship Manager
RELIGARE SECURITIES LTD
- Handling Transactions of Equity, Derivatives, Currency and Commodities
- Complete knowledge of account opening process and documentation of Equity Account, Currency Derivatives Account, Commodities Account and Spot exchange Account
- Handling all the activities in the branches like Sales & Marketing, Business Development, Back office Operations, Dealing, Coordination with Corporate Office and Head Office and Monitoring Regularly Compliance & Risk Management and Branch Administration Process
- Accepting & processing of Bond, Mutual Funds, IPO, NFO, NCD and system entry of the same
- Daily Marked to Market Valuation of Portfolio and updating research report to the clients.
Executive in Branch Banking Service
HDFC BANK
- Ensure quality new acquisition on Savings and Current Account for Resident / Non Resident as well as achieving targets for RD, FD, Credit Cards
- Processing of Dematerialization & Re-materialization Request of the clients
- Sales of Asset Products like Home loan, Personal Loan, Gold Loan etc
- Promoting all direct banking channels and ensuring that the customer is utilizing the same
- Worked as a Locker Custodian
- Processing Pay-in and pay out for settlement
- Knowledge of all clearing settlement of NSDL, CDSL, RBI AND SEBI Guidelines
- Accepting & processing customer requests like Debit card, Mobile banking, KYC, Cheque book and enquires related to accounts
- Complete knowledge of account opening process and documentation of Saving, Current account, Demat account
- Record movement of all inventories & deliverables in relevant registers and signing off closing stock of all inventories & deliverables jointly with BOM in relevant registers
- Customer identification through signature verification and recommended ID proofs before executing a customer's transaction.
Education
Master of Commerce (M.com) - Accounting And Finance
Karmaveer Bhaurao Patil College
Navimumbai01.2010
Bachelor of Commerce (B.com) -
ST. Xavier’s College, Mumbai University
03.2008
Certified in Management Accountant(CMA)
Institute of Management Accountants- USA
Diploma in Trade Finance and Foreign Exchange Management -
Skills
- Well versed with MS Office, Internet Applications & Banking domain
- Skilled in UCP 600, URC, URR ISBP and Open Account transactions, credit and treasury Operations
- Hold the merit of extending highest quality services to Corporate, SME, HNI, NRI and Retail customers
- A keen planner cum strategist with demonstrated expertise in conceptualizing profit centre strategies for accomplishment of pre-targeted revenue and profitability
- Competency in achieving maximum customer satisfaction by closely interacting with potential customers to understand their requirements and customizing the services accordingly
Certification
- Certified in Commercial Banking Sector
- Certified in Computer Application (Brilliant Computech)
- Certified in Accounting (Tally) (Imac Computer Institute)
- Maharashtra State Certificate in Information Technology (MS-CIT)
Personal Information
- Date of Birth: 05/27/85
- Gender: Male
- Nationality: Indian
Languages
- English
- Hindi
- Marathi
- Kannada
Timeline
Treasury Specialist
Export Trading Group
10.2021 - Current
Treasury Specialist
Al Barakah Holding
03.2021 - 10.2021
Trade Finance Specialist
Abu Dhabi Commercial Bank
LC Documentation Coordinator
KINTETSU WORLD EXPRESS
Assistant Manager -Trade Finance Service
KOTAK MAHINDRA BANK LTD
Relationship Manager
RELIGARE SECURITIES LTD
Executive in Branch Banking Service
HDFC BANK
Master of Commerce (M.com) - Accounting And Finance
Karmaveer Bhaurao Patil College
Bachelor of Commerce (B.com) -
ST. Xavier’s College, Mumbai University
Certified in Management Accountant(CMA)
Institute of Management Accountants- USA
Diploma in Trade Finance and Foreign Exchange Management -
- Certified in Commercial Banking Sector
- Certified in Computer Application (Brilliant Computech)
- Certified in Accounting (Tally) (Imac Computer Institute)
- Maharashtra State Certificate in Information Technology (MS-CIT)
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