Jagan Mohan Korlamanda
Trade Finance Professional with 12+ Years of Experience
Chennai
Summary
Accomplished in leading trade finance operations, significantly enhanced team performance and client satisfaction at my previous organizations. Good Knowledge in trade products, excel in UAT support deploying new applications and enhancements, migrations, and automation. Demonstrated ability in team leadership and process optimization, ensuring quality and efficiency in trade finance services.
Overview
12
12
years of professional experience
2
2
Certifications
Work History
DHS(Team Leader) - Europe Region - GTFO
IBM India Private Ltd
10.2023 - Current
- Good exposure to the complete life cycle of collections and Letter of Credit products (Issuance and advising, confirmation, amendments, Doc checking, Payments, and handling Misc messages and acknowledgments).
- People manager for a team size of 15 users and responsible for their performance improvement, managing rostering, ILC, training, daily, weekly, monthly team, and one-on-one connects, and all other team activities.
- Second level checking and authorization of trade finance transactions, which includes bank documentary products, collections, related to import/export/document checking, bank to bank reimbursement, IRU.
- Exposure to working on Sanctions,Compliance, Vessel checks, AML, Red flags,Anti boycott and Embargoes Bo Pricing/Tariff, and Client specificities.
- Swift handling – Good sound of knowledge in 7, 4, and 9 Series, MT 103, and MT 202.
- Responsible for delivering to the client service level agreements on Quality & TAT KPIs and handling Premium, sensitive, and HV Commodity transactions within agreed timelines with quality and accuracy.
- Handling escalations and addressing clarifications to all stakeholders involved to resolve the issues, and initiating, responding, and following up on communication with the Client teams on operational matters pertaining to reporting territories.
- Supported for new application deployment, enhancement, and automation, migrations with regards to UAT environment like Conserto, Trade AI, Ivision, etc.
Process Lead - DOC Check Team – Trade Service Oper
Capgemeni Technology Solutions Pvt Ltd
07.2021 - 09.2023
- Handling complete end-to-end document checking, releasing, and processing of transactions. Responsible for verifying, checking, and ensuring that the transactions comply with UCP, ISBP, LC, and internal policies.
- Responsible for queue monitoring, clearing queue in a timely manner, and assigning transactions to the team on a priority basis.
- Knowledge in Compliance regulations and indentifying Red flag concerns,OFAC Screening Parties,boycott languages in all trade related documents.
- Responsible to handle critical customers, high value commodity LCs within TAT.
- Supported for UAT testing for the application upgrade.
Assistant Manager- Trade Finance
Genret Energy Solutions Private Limited
12.2015 - 07.2021
- Handling of all trade finance issues from start to finish.
- Liaising with the risk and credit teams of multiple banks to monitor trade credit requirements for each transaction.
- Liaising and coordinating with internal Trading and Bank Operations teams to resolve LC and BG matters.
- Maintenance of Trade Finance Tracker sheet - ensuring all relevant deals are entered and updated in a timely manner, and that L/C utilization graph is updated.
- Preparing stock statement and analyzing the position of working capital, and calculating the drawing power for the month.
Senior Process Executive - Mortgage Loans
Cognizant Technology Solutions Ltd
04.2014 - 10.2015
- Preparation of Mod Reconciliation to Customer Data and Client Data.
- Extracting a list of accounts that are out of balance in nature using a Business Object Report.
- Researching and identifying the reason for the out of balance on each account.
- Responsible for auditing the Delinquency reports and Settlement reports prepared by the team, and ensuring they have been forwarded to Investors timely.
Accounts and Audit Assistant
Chandra Shipping and Trading Services
07.2012 - 02.2014
- Responsible for entering day-to-day, monthly accounting entries.
- Reconciliation of accounts.
- Accounts payable and accounts receivables.
- Maintaining data and documentation for internal and external financial audit and ISO.
Education
MBA - Finance And HR
Rajiv Institute of Management Studies
Kakinada, India 04.2001 -
Bachelor of Science - Statistics And Computer Science
Aditya Degree College
Kakinada, India 04.2001 -
Intermediate - MPC
Pragathi Junior College
Kakinada, India 04.2001 -
SSC -
Roy Public School
Samalkot 04.2001 -
Skills
Trade Products : Collections, Letter of Credit, Bank Guarantees, Bank to bank reimbursement, IRU, Discounting
Well Versed with UCP, ISBP, Inco Terms, URC 522, URR 725
UAT Support : Deployment of New application, Migrations, Enhancements, Automations
Trade Applications, Work tracking and Mangement Tools : Trade 360, Conserto, Twist, Ivision, JIRA software, Bank Check, Swiftcom, SAP - BO reports
Technical : Good Knowledge of MS-Office (Excel , PowerPoint, Word ), Tally ERP, Understanding excel MACROS and SQL queries
Certification
CDCS - Certified Documentary Credit Specialist, LIBF in 2020
Languages
English
Advanced (C1)
Hindi
Upper intermediate (B2)
tamil
Elementary (A2)
Telugu
Bilingual or Proficient (C2)
Timeline
DHS(Team Leader) - Europe Region - GTFO
IBM India Private Ltd
10.2023 - Current
Process Lead - DOC Check Team – Trade Service Oper
Capgemeni Technology Solutions Pvt Ltd
07.2021 - 09.2023
Assistant Manager- Trade Finance
Genret Energy Solutions Private Limited
12.2015 - 07.2021
Senior Process Executive - Mortgage Loans
Cognizant Technology Solutions Ltd
04.2014 - 10.2015
Accounts and Audit Assistant
Chandra Shipping and Trading Services
07.2012 - 02.2014
MBA - Finance And HR
Rajiv Institute of Management Studies
04.2001 -
Bachelor of Science - Statistics And Computer Science
Aditya Degree College
04.2001 -
Intermediate - MPC
Pragathi Junior College
04.2001 -
SSC -
Roy Public School
04.2001 -
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