Letters of Credit Specialist

This role involves processing daily invoices from corresponding banks, tracking and managing Letters of Credit (LC) transactions, and maintaining up-to-date records and documentation in compliance with internal procedures. The position also requires coordination with various internal teams to ensure timely resolution of discrepancies, client support on LC technical aspects, and accurate transaction recording in the ACBS system.

Client Details

A highly reputable international bank.

Description

• Process daily invoices received from corresponding banks/branches promptly.
• Prepare and send invoices to customers for corresponding bank/branch fee requests.
• Track and follow up on invoices sent to customers daily, ensuring timely processing.
• Record transactions for standby/commercial letters of credit in the ACBS system.
• Maintain an up-to-date file for Letters of Credit, including all relevant documentation such as executed letters of credit, amendments, and compliance checklists, as needed.
• Collaborate with the Reconciliation team to ensure overdue items are properly reported and addressed.
• Provide daily updates to overseas branches and corresponding banks as necessary.
• Scan and process daily work related to both Standby and Documentary Operations.

Profile

• 3 - 6 years of experience in a similar role
• Experience working with both Standby and Documentary Letters of Credit
• Working knowledge of ACBS
• Ability to collaborate with multiple departments
• Strong work ethic and team mentality

Job Offer

• Opportunity to work with a global financial institution
• Opportunity for long term employment
• Competitive Compensation
• Hybrid working model
• Health Benefits - Medical, Dental, and Vision

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.