Posted 13 days ago
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**INTERNSHIP - Trade Commodity Finance Back Office** - **Role:** Serve corporate & commodity clients, generate invoices, apply funds, make payments, & track reporting. - **Tools Used:** Invoicing Tool, allTRA, E3F, MonTran, Fircosoft, Loan IQ - **Skills Needed:** Microsoft Office, product knowledge, regulatory compliance (AML, KYC, OFAC) - **Location:** Jersey City, New Jersey, United States - **Contract:** Internship - **Experience:** None specified (likely recent graduate or junior professional) - **Apply:** Via Taleo application link. **agles Enable the browser dev tools to view the source code, and paste the job summary text here.**
- Compensation
- $75,000 – $75,000 USD
- City
- Not specified
- Country
- United States
Currency: $ (USD)
Full Job Description
INTERNSHIP - Trade Commodity Finance Back Office
Responsibilities
The TCF Back Office Intern is responsible for the servicing the of corporate and commodity clients with regards to the above products.
- The Intern must generate invoices which are for transactions under the current billing cycle.
- The Intern must apply funds received for said invoices to close out accruals.
- The Intern must make payments to participants under syndicated deals.
- The Intern must generate client reports
- They must also efficiently process the above via the Invoicing Tool and allTRA in accordance with industry practices and regulatory guidelines (AML, KYC, OFAC, Anti-Boycott)
The function covers:
Invoicing clients via Invoicing Tool
Applying Accruals in allTRA (twice monthly)
Email Invoices to clients / agents
Apply funds received for invoices
Monitor past due report and trace for payment
Generation and mailing of client activity reports
Handle investigations for invoicing / reporting
Compile LSA / allTRA vs. LIQ reports for the Team for review
Monitor expired items
Profile required
Primary Applications:
allTRA Trade Finance Bank Office System
E3F Document Repository
MonTran
Fircosoft
Loan IQ
External Clients Relationship:
Support the relationships inherent to the transaction, e.g., the applicant (borrower) and the beneficiary; Compliance; Legal; Front and Middle office for the most sensitive or complex deals
Effectively support client relationship
Behavioral skills:
Developing the business
Results orientation: Masters technical skills required for role
Client focus: Consistently searches for ways to improve client service
Working Together:
Cooperation: Steps forward to provide extra support to team leader and colleagues, when necessary
Technical Skills:
Products:
Corporate Letter of Credit / Trade Commodity Finance products (as noted above)
IT systems:
Microsoft Office (Word, Excel, Powerpoint)
Profile:
Must have Microsoft Outlook skills (Word/Excel/Powerpoint/Access)
Business insight
Societe Generale is committed to offering an inclusive recruitment experience to all candidates. If you require any reasonable accommodations during the recruitment process, please do not hesitate to let our Recruiters know.
OUR CULTURE:
At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose new ideas. This way, we maximize our ability to serve client needs and anticipate market changes. Societe Generale is committed to strengthening bonds with colleagues, communities, and the world in which we live, because relationships are at the heart of how we operate. For more information about our Culture and Conduct initiatives, please visit this link (https://americas.societegenerale.com/en/careers/get-know-culture/)
DIVERSITY, INCLUSION & BELONGING (DIB):
Our DIB Mission: Recruit, develop, retain and advance a talented workforce that is united in our efforts to leverage our talent and further develop an inclusive environment that will enhance our competitive position and deliver innovative solutions to our clients. It seeks to foster an environment where employee differences are valued and where all employees feel engaged, supported, respected, and informed. For more information about our DIB initiatives, please visit this link: https://americas.societegenerale.com/en/careers/get-know-diversity/
COMPENSATION:
Base salary range does not include overtime pay, bonus and/or other benefits, where applicable. Actual base salary offer will vary based on skills and experience. The role is eligible for an annual discretionary bonus and includes a competitive benefits package including 401(k) plan with company match, medical/dental/vision, and other benefits for fertility, wellness, student loans and commuters.
Diversity and Inclusion
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