SUMMARY:

The Analyst will work with the Execution and Delivery team in managing the process and procedures in setting up and executing SCF deals in the PrimeRevenue systems platform, SCF off-platform deals, SCF and Invoice Discount Finance (“IDF”) programs with third party banks.  The role also requires supporting the other teams within Trade Finance, namely Product Management and Origination and Solutions. This support will involve working with the SCF and STT teams to facilitate the booking of new and existing transactions, supporting buyer and/or supplier KYC onboarding needs, and review of legal documentation relating to execution of new or amended deals. 

Among other things, the role requires working closely with E& D team members and product managers to become familiar with our suite of Working Capital Solutions products including supporting our letter of credit business. The Analyst will have regular interactions with both internal and external clients of GTBDA as well as agent banks. 

The Analyst will perform other administrative tasks requested to support the Product Management, Origination and Solutions and Execution and Delivery teams as necessary such as preparing income reports, updating pipeline reports and providing utilization information to support business promotion efforts.  

PRINCIPAL DUTIES AND RESPONSIBILITIES:

Regarding SCF Transactions:

Review legal documentation supporting SCF deals;Process required KYC for suppliers who will discount invoices;Input initial rates and accept supplier invoices for discounting in PrimeRevenue platform;Obtain final cost of funds and prepare reports and loan sheets;Insure payments are made to suppliers and obligors pay invoices when due;Support buyer and/or supplier onboarding

Regarding IDF Transactions:

Review legal documentation supporting SCF and IDF deals for which RCMG executes transactions;Review transaction information sent by third party banks;Create spreadsheets required for straight-through processing via Access and MIPS;Review repayment files to prepare for receipt of invoice payments at maturity;Work with third party bank agents to coordinate these transactions and follow up on late payments;

Other Transaction Monitoring as Primary or Back-up:

Verify the exposure and collateral position for each client or facility;Update the market prices of commodities on a daily basis and monitor the resulting consequences to our collateral      coverage;Verify whether financing requests from clients or agent banks (loan request, LC request, and payment request) can be approved within the existing credit facility terms and conditions;Prepare necessary paperwork to be circulated to supervisor / management for approval and the operations department for processing;Review weekly/monthly borrowing base reports and covenant compliance letters and update and distribute appropriate reports;Circulate, update and distribute various New York and Head Office reports for GTBD Americas;Report to supervisor on whether or not client is in compliance with borrowing base covenants;Keep up to date files and records of daily activity with the clients;Obtain reservations with Tokyo, update reports, review L/Cs, process any necessary amendments, and prepare silent confirmation agreements as required to support activity under Mizuho Trade Lines;Support execution of Credit Risk Insurance transactions and monitoring as needed;When time permits, learn and back up the L/C activities of the E&D team.

Policy:

Responsible for adhering to all policy and process and procedure documents necessary to implement and monitor the PrimeRevenuePlatform

Technical Skills Required:

Sound knowledge of the operation of SCF Platforms, including PrimeRevenue;PC skills with a solid understanding of word-processing and spreadsheet applications; Microsoft Word, Excel and AccessBloomberg and S&P Capital IQBasic understanding of banking facilities, loans and letters of creditAbility to learn bank systems or experience using bank systems for inquiry purposesGood understanding of UCP 600 and ISP 98 will be an advantageExcellent interpersonal and communication skillsStrong time management and organizational skillsDetail oriented and ability to multi-task under tight timelines

MINIMUM JOB REQUIREMENTS OR EXPERIENCE:

Work Experience:

1 to 3 years of experience in mid office functions with an emphasis on Supply Chain Finance while working in financial institutions;Bachelor’s degree in Finance, Economics or Business Administration

OTHER/MISCELLANEOUS:

NOTE:  This Job Description is not intended to be an exhaustive list of all responsibilities, skills, efforts or working conditions associated with this job.  Additionally, the contents of this Job Description may be modified or expanded by the Bank over time.

Company Overview

Mizuho Americas is a leading financial institution comprising several legal entities, which together offer clients corporate and investment banking, financing, securities, treasury services, asset management, research and more. Mizuho’s operations in the Americas connect a broad client base of major corporations, financial institutions and public sector groups to local markets and a vast global network. Mizuho Americas is an integral part of the Japan-based Mizuho Financial Group, Inc. (NYSE: MFG), which is comprised of offices in nearly 40 countries, approximately 60,000 employees, and assets of more than USD 1.8 trillion. Learn more at mizuhoamericas.com.

Mizuho Bank Ltd. offers a competitive total rewards package.

We are an EEO/AA Employer - M/F/Disability/Veteran.

We participate in the E-Verify program.

We maintain a drug-free workplace and perform pre-employment substance abuse testing.

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