Remittance Services Assistant

Position Title: Remittance Services Assistant  

Job Summary: 

Investigates various problems regarding the transmission of remittances and pertinent documents such as passbooks, certificates of time deposits, account opening documents; responds to inquiries and tracers from remitters, beneficiaries, foreign branches, subsidiaries, remittance tie-ups, correspondent banks and remittance centers.

Attends to customer inquiries and sends data for the remittance feedback/confirmation through the inquiry/feedback system.

Role Exposure:

• Investigates/processes tracers, amendments, and cancellations received from Foreign Branches/ Subsidiaries, correspondent banks, remittance tie-ups and domestic branches


• Entertains inquiries of clients from foreign banks, foreign subsidiaries and domestic branches via telephone or counter inquiries.


• Prepares replies to remittance inquiries/tracers of foreign branches and domestic branches.


• Encodes/upgrades/maintains a database system for ATMs, Passbook / Time Certificate of Deposit (TCDs) / Confirmation of Investment (COIs) of remitter of the Bank’s foreign branches/ subsidiaries


• Monitors/processes incoming passbooks/ TCDs/ COIs and signature cards for remitters of foreign subsidiaries.


• Reconciles statements of long outstanding payment instruction sent by correspondent banks regarding payment orders.


• Transmits daily feedback report on remittances to foreign branches/subsidiaries and remittance tie-ups.


• Print documents (Self Responding Tickets, telegraphic transfer, debit/credit memo, tickets, schedules and other remittances) for reversal and adjustment.


• Entertains/assists inquiries of foreign banks, foreign branches/ subsidiaries, tie-ups and domestic branches via telephone or over the counter inquiries regarding remittance.


• Encodes accounting entries in the Multi-Currency Account (MCA) system.


• Processes Certification of Inward Remittances on a per request basis.

Qualifications:

• Graduate of any Business-related courses, preferably Economics, Accounting or Finance (Fresh Graduates)


• Strong quantitative and analytical skills


• Must have a pro-active approach to problem solving and the ability to meet tight deadlines

Other Details:

Rank: Rank & File

Location: BGC