Letters of Credit Specialist

Maintain up to date Letters of Credit file containing all relevant supporting documentation i.e. copy of executed letter of credit/ amendments and completed compliance checklist, when required

Client Details

Our client is a banking group that offers its large corporate and institutional clients a range of products and services in capital markets activities, investment banking, structured finance, commercial banking and international trade.

Description

• * Ensure Daily invoices received from the corresponding Bank's/Branches are processed on a daily basis
• * Prepare and forward invoices to customer s, for corresponding Bank/Branch fee request.
• * Daily track of invoices sent to customer's, and trace as necessary.
• * Enter transactions to record standby/commercial letters of credit activity.
• * Maintain up to date Letters of Credit file containing all relevant supporting documentation i.e. copy of executed letter of credit/ amendments and completed compliance checklist, when required.
• * Coordinate with the Reconciliation team to ensure overdue items are reported in detail.
• * Ensure daily updated are provided to the overseas branches and or corresponding bank's.
• * Daily scanning of processed work for both Standby and Documentary Operations

Profile

• 4+ years' experience in Commercial banking, sales, operations, with Trade Finance / Letter of Credit experience
• Proven ability to build and develop relationships
• Willingness to build a strong internal network will be critical to success
• Must possess strong verbal and written communications skills with the ability to adjust messaging for different audiences including our clients C-suite and their operations teams
• Must be well-organized and structured with the ability to achieve tight timelines on complex deliverables
• Experience in reviewing, understanding, and/or working with credit partners
• Knowledge of Foreign Bank Guarantees
• Experience working in or closely with front office Commercial Banking

Job Offer

• Amazing temp to perm opportunity
• Competitive hourly rate.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.