Product Manager - Elite Trade Relations Group - Bank

Bank Guarantee:

- Bank Guarantee is a surety that is provided by a bank or a financial institution that they will pay off the debts and liabilities incurred by a business entity in case the entity is unable to do so. 

- Bank Guarantees are an important banking arrangement and play a vital role in promoting international and domestic trade. Bank Guarantee is issued by bank on the receipt of request from the applicant for the guarantee amount for some purpose / underlying transaction towards the beneficiary. 

- Bank Guarantee acts as an undertaking assuring the beneficiary that the bank would pay the specified amount, in case of its applicant's default in delivering the financial or performance obligation as mentioned in the guarantee. It is to be noted that the obligation to pay is not of the applicant, but of the bank, since bank acts as the guarantor

Job Description:

- Identify prospects from existing/New customers

- Identify new opportunities

- Assisting the sales team on fulfillment

- Training & Development of RM/Field teams

- Co-ordinate with Operations team on transaction processing

- Engaging with Branches in sourcing BG products

- Product MIS