Key Accountabilities
Process all day to day activities related to the letters of Guarantees.
Process issuance of letters of Guarantees, amendments, claims, expiries, and cancellations.
Ensure applicable pricing rates applied in line with the stipulated CFR.
Arrange for the appropriate referral, if any, in line with the stipulated DOA
Attend customers’ calls and emails inquiries with regard to guarantees business.
Handle inquiries from correspondent banks.
Ensure timely dispatch of guarantees related instruments and advices to customers/banks as applicable.
Other Accountabilities
Prepare swift messages related to payment of correspondent bank charges and encashment of guarantees.
Follow up on monthly, quarterly, semi-annually, and annually guarantees commission.
Reconcile relevant Nostro/Vostro accounts.
Prepare guarantees folders and further supervise the related filing and archiving as appropriate.
Follows up for awaiting approval transactions.
Maintain CFR conditions into TI
Perform any other related tasks assigned by superiors of the unit management
Education
The Commercialbank of Qatar was established in 1975 as the first wholly owned private commercial bank in Qatar. Initially capitalized at QR 10 million it has grown and prospered over the years to become an important regional Bank with capital and reserves of over QR 2.90 billion and a total assets book of QR 19.0 billion as at 30.09.2005. It has been profitable in every year since its foundation and has paid dividends annually. The Bank offers a comprehensive range of Corporate, Retail and Investment services through a network of 23 branches, sales offices/pavilions, 78 ATM's, 26 Deposit Machines, Internet Home Banking and the largest EFTPOS network in the country. The Bank has played an active role in support of Government strategy for the industrial development of Qatar. It has participated in the finance of all major projects to this time. Commercialbank is a progressive and innovative organization dedicated to developing its people to their full potential. To attract and retain talented people with the right skills, we offer a competitive reward package, subject to qualifying conditions, which includes a comprehensive range of benefits to drive excellent performance.