Letters of Credit - Temporary Worker
Letters of Credit - Temporary Worker
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Job Description
Overview
Temporary Assignment: 6 months Miami FL Hybrid
The International LOC Specialist is responsible for issuing amending advising and confirming commercial and standby letters of credit document examination and collections in accordance with organizational policies and other guidelines. Provides service and support to clients and account officers on the types requirements and issues of commercial and standby letters of credit collections and other financial instruments for international trade.
Principal Duties & Responsibilities:
Responsible for processing documenting issuing examining authorizing the language and executing Commercial Performance and Standby Letter of Credits
Responsible for reviewing export documentation against the Letter of Credit Terms. Monitor incoming funds received for export bills and instruct the negotiating/collecting Banks to take the necessary actions if payments are not received.
Handles incoming and outgoing Documentary Collections.
Prepares Bank correspondence on matters pertaining to confirmation acceptance or rejection of Letter of Credits.
Prepares renewals and increases for Letter of Credits
Provides guidance to internal clients pertaining to Letter of Credits.
Examines and approves requests for EXIM Bank and other Insurance Policies
Performs OFAC checks against all names in Letter of Credit and Collection documentation.
Reviews system enhancements for relevancy usage and impact (Special Project/Planning).
Works closely with other employees managers and clients in troubleshooting and researching issues to provide solutions.
Performs other duties as may be assigned or required for efficient operation of the department.
Performs audits and quality assurance testing to ensure proper controls in relation to Banks LCs are in accordance with policies and procedures established by the Bank.
Participates in crosstraining duties and special projects.
Handles information with strict confidentiality.
Provides client service; performs research for timely resolve of client inquiries/complaints.
Qualifications
- 24 years experience in collateral control (Accounting Operations Client Service) with extensive knowledge of residential and commercial loan documentation Loan Collateral requirements and terminology.
Broad PC skills (Word Excel Access Outlook and Internet) and use of office machines (calculator facsimile etc..
Good mathematical skills required.
Ability to handle high volume production; quick and accurate output.
Able to work in a team environment.
Accomplishment of goals accuracy and regulatory compliance are critical functions of this job.
May include prior involvement in Commercial Lending in an International Banking environment.
Must have a strong working knowledge of general banking concepts including products and services.
Excellent interpersonal skills to establish harmonious relationship with the clients.
Strong managerial ability and expert knowledge of letters of credit trade and bankers acceptances foreign collections foreign exchange and foreign currency.
Education
- Bachelors Degree in Business Finance or related field preferred.
Special Instructions to Candidates
- Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
- Please view Equal Employment Opportunity Posters provided by OFCCPhere.
- The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about discussed or disclosed their own pay or the pay of another employee or applicant. However employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information unless the disclosure is (a) in response to a formal complaint or charge (b) in furtherance of an investigation proceeding hearing or action including an investigation conducted by the employer or (c) consistent with the contractors legal duty to furnish information. 41 CFR 601.35(c)
- Reasonable accommodation may be made to assist individuals with disabilities to complete the online application process. Please contact our Human Resources Department ator by email at.
Employment Type
Unclear
