- Responsible for the review, vetting, drafting and processing of Standby Letters of Credit [SBLC] / Guarantee language (including Bid / Performance Bonds and Letters of Indemnity), and Import & Export Documentary credits and collections, and as appropriate, discussion with internal / external counsel and Trade Finance Advisor.
- Other responsibilities related to letter of credit processing include the issuance, advising / confirming, amendment, examination of documents, payments, SBLC automatic reductions (Evergreen) auto-extend, fee / expense processing (including billing and collection), billing of lading processing, unfunded risk participations, and preparation of general ledger batch files and general ledger reconciliations.
- Routine inquiries should be addressed and where possible resolved, in a timely manner.
- Be aware of and comply with all internal procedures and external regulatory / legal regulations or guidelines.
Mission :
- To keep current on Trade Finance Guidelines and Regulatory / Legal requirements by reference to related publications if available, active participation in designated in house or external training, and by on the job training. Ensure compliance with same by thorough check of own work.
- Wherever practicable, add value to the department by sharing your technical experience and knowledge with others.
- Utilize the various tools at your disposal to ensure assigned work is processed and completed within approved timeframes.Ensure management is kept updated on any potential problems relating to meeting deadlines, issues and or concerns.
- To acknowledge and if possible resolve in a timely manner any inquiries received from internal and external clients. Escalate potential problems or seek clarification as appropriate.
- Be aware of, and adhere to, all internal / external deadlines paying particular attention to notifications required by internal clients.
- Perform Ad-Hoc tasks as directed by team leader / managers.
Required Technical Competencies :
- Technical LC experience (3 – 5 years), knowledge of Uniform Customs and Practices for Documentary Credits (UCP 600), International Standby Practices (ISP98) including Uniform Commercial Code article 5 and ICC uniform Rules for Demand Guarantees (URDG 758)
- Working knowledge of AML, OFAC Compliance regulations
- Familiarity with bank accounting systems a plus
- Fluent in English language skills, Spanish language skills a plus
- Experience with the Energy & Commodities business a plus
- Microsoft Office with an emphasis on Word and Excel
- System orientated
- Bachelors Degree preferably with a Commerce stream
About US Tech Solutions :
US Tech Solutions is a global staff augmentation firm providing a wide range of talent on-demand and total workforce solutions. To know more about US Tech Solutions, please visit www.ustechsolutions.com
US Tech Solutions is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, colour, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.