Letter Of Credit Operations Specialist

  • Salary

    $40 Per Hour

Experience

4 to 6 Years

Posted On

Nov 01, 2023

Company

2T Consulting

Travel Requirements

0%

Job Overview

Required Skills

  • Credit Specialists Certification
  • Commercial Lending
  • Accounting & Balancing
  • Customer Service
  • Microsoft Office
  • Letters of Credit

Job Type

Contract - W2, Full-time

Work Authorization

N/A

Location

Detroit, MI/ El Segundo, CA

Job Description

Responsibilities:

  • Execute and drive operational excellence
  • Perform services activities to achieve established operation, executive and client target metrics that include:-
    • Issue, advise, and amend Standby Letters of Credit.
    • Examine Standby Letters of Credit documents presented for payment in accordance with global/standard banking rules of practice and law to determine payment or refusal.
    • Process payments for Standby Letters of Credit.
    • Support all activities relative to Standby Letter of Credit fees: setup, processing, reconcilement, and research to ensure compliance with accounting and financial policies.
    • Verify and release transactions in accordance with department procedure and within limited approved authority.
    • Support activities relative to work item statuses, document safekeeping, imaging, and update and clear status notes.
    • Image incoming documents and create work item in the Letter of Credit system.
    • Complete work assignments within established service level standards for timeliness and quality.

Enhance the Experience:

  • Maintain and continually Improve business partner service and customer experience satisfaction for services delivered.
  • Answer clearly and concisely all email and phone inquiries within established service levels.
  • Meet with key clients and customers when assistance is requested.

Risk Management:

  • Ensure compliance with all respective regulatory requirements and guidelines.
  • Ensure all activities are completed according to established policy and procedures.
  • Ensure adherence to all customer authentication and release of sensitive information policies and procedures in hybrid/remote working environment.

Qualification:

  • Degree in Business, Finance or International Studies, or 4 Years of Commercial Lending, International Finance, Letters of Credit or Commercial Trade Operations experience
  • Certified Documentary Credit Specialists Certification (preferred not required)
  • 2 years of experience with Commercial Lending knowledge including lending documentation
  • 2 years of experience commercial trade or commercial lending systems
  • 2 years of experience with accounting and balancing
  • 2 years of experience customer service and resolution handling
  • 2 years of experience utilizing Microsoft Office products

Job ID: 2C230235

  • Posted By

    Sheri F Weaver

Designation

Sr. Recruiter

Company

2T Consulting

Last Login

Feb 27, 2024

Posted On

Nov 01, 2023


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