Amanuel Chekol

Duties Summary

• Serve as an international banking contact and client relationship manager for the bank’s client and partner businesses for all international banking services with special attention on export/import services.
• Manage the complete lifecycle of trade finance transactions, which include but not limited to:
  1. Issuance and settlement of Letters of Credit (LCs)
  2. Telegraphic Transfers (TTs)
  3. Cash Against Documents (CAD)
  4. Purchase Orders (POs)
• Review and authorize international trade-related documents for regulatory compliance with banking and international law.
• Respond to client’s calls regarding allocation of foreign currencies, documents, transactions, and other related activities.
• Work with other staff and foreign banks for the execution of international transactions in an orderly and timely manner.
• Prepare and present the financial and operational reports to the National Bank of Ethiopia (NBE) and other relevant institutions as required, including the bank’s management, with a high degree of accuracy.
• Provide and facilitate import and export economic advisory services and customer support to activity beneficiaries , and project funded by the bank.
• Maintain compliance standards and procedures on the internal policy, and take all necessary action to comply with AML legislation.
• Mentored junior staff members, helping them develop their skills and advance in their careers.
• Improved department efficiency by streamlining and implementing policies and processes.
• Implemented process improvements that streamlined workflows, reducing redundancies and increasing operational efficiency.

Position Summary:

• Assisted in managing overseas banking services, trade, and exports, specifically:
  Opening and managing Letters of Credit (LCs).
  Issuing and processing Telegraphic Transfers (TTs).
  Overseeing Cash Against Document (CAD) and Purchase Order (PO) transactions.
• Processed trade documents ensuring compliance with international trade banking laws and banking regulations (e.g., UCP 600, INCOTERMS).
• Assisted in processing international transactions with banks, clients, and relevant bodies.
• Balanced international account transactions, prepared reports, and presented them at regular intervals.
• Worked with other departments in preparing compliance with regulations provided by the proper bodies, explaining provided compliance documents.
• Assisted in preparing reports regarding the use of foreign exchanges and finance in the international trade of the country’s economy for the National Bank of Ethiopia and the senior management.

Summary of Duties:

• Produced monthly Journal entries, vouchers & reconciliations and ensured integrity of financial reporting.
• Prepared finances related reports such as trial balances and general ledger summaries.
• Performed and recorded general branch banking duties such as incoming depositor, outgoing payments and inter-branch transfers on a daily basis.
• Prepared and maintained budget outlook projections; oversaw the spending of departmental resources in relation to approved budgets.
• Wrote and executed accounts payable and receivable, exactness of paperwork.
• Compliant related to internal financial controls and audit requirement.

• During my time as a Trainee Accountant at the Development Bank of Ethiopia, I supported senior accountants with back-office accounting processes (preparing, validating and storing financial records). My key responsibilities included processing journal entries, reconciliation of bank statements, assisting in the monthly and quarterly financial statement preparation, and making sure all accounting records were accurate and compliant to internal policies. Assisted with filing and organizing supporting documentation for audits, as well as with some mundane accounts payable/receivable duties.