Trade Finance Specialist

Infotree Global Solutions; Jersey City (NJ); On-site; USD 120,000 - 170,000; Full time

Job summary

A reputable consulting firm is seeking a Senior Standby Letter of Credit Specialist in Jersey City, NJ. This associate-level contract role involves processing and maintaining standby letters of credit and guarantees. Candidates should have 5-7 years of technical experience in trade finance, with solid knowledge of relevant regulations, such as UCP 600 and AML guidelines. Candidates with a background in an automated processing environment are preferred. Strong communication skills are essential for interacting with clients and resolving disputes.

Qualifications

• 5-7 years of Standby Letter of credit technical experience.
• Familiarity with UCP 600, ISP98, and Uniform Commercial Code Article 5.
• Knowledge of AML, OFAC, and U.S. Anti-boycott regulations.

Responsibilities

• Process transaction of Standby letters of credit and guarantees.
• Draft and review technical terms and conditions.
• Interact with various parties to resolve disputes.
• Maintain letter of credit files and resolve inquiries.
• Maintain L/C files and perform related administrative tasks.
• Respond to inquiries timely and escalate when needed.
• Ensure all transactions meet deadlines set by management.
• Stay current on Trade Finance guidelines and regulatory requirements.

Skills

Standby Letter of credit technical experience

Knowledge of UCP 600

AML knowledge

OFAC knowledge

Bank accounting familiarity

Written and oral communication skills

Job description

Senior Standby Letter of Credit Specialist

Duration: 6 Months

Location: Jersey City, NJ 07310

Responsibilities

• Transaction processing of all Standby letter of credit, Guarantee and Documentary letter of credit trade finance products offered within the operational model in place at any given time:
  • Issuance and maintenance of standby letters of credit
  • Advising/Confirming and maintenance of standby letters of credit
  • Examination of default drawing and direct pay presentations (includes first or second examination function)
  • Processing of written correspondence and verbal communications with internal and external customers associated with the resolution of technical letter of credit construction subject matter and other associated extraordinary processes
  • Calculating and tracking fees and commissions
  • Issuance and maintenance of Documentary Letters of credit
• Drafting (redlining) technical terms and conditions language to ensure proper construction of standby letters of credit, guarantees and documentary letters of credit.
• Reviewing transactions for regulatory compliance and anti‑boycott violations.
• Interacting with various parties of letter of credit transactions to resolve disputes, issuance construction, provide first and second level technical guidance, etc.
• Perform various administration functions related to the maintenance of letter of credit files.
• Resolve inquiries received from internal and external clients in a timely manner, including escalating any potential problems or seeking clarification as appropriate.
• Ensure that all transactions are completed within the set timeframes/deadlines established by TFO management.
• Stay 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 on the job training.
• Perform Ad‑Hoc tasks as directed by Team Leader / Management.

Minimum Required Qualifications

• Standby Letter of credit technical experience (5-7 years) with knowledge of UCP 600, ISP98, and familiarity with Uniform Commercial Code Article 5.
• Working knowledge of AML, OFAC, and U.S. Anti‑boycott regulations.
• Familiarity with bank accounting related to trade finance products.

Preferred Qualifications

• Standby and Documentary Letter of credit technical experience (10+ years) with superior knowledge of UCP 600, ISP98, and familiarity with Uniform Commercial Code Article 5.
• Exposure to an automated letter of credit processing environment.
• Good understanding of AML and OFAC Compliance regulations.
• Good understanding of Letter of credit contingent and fee accounting.
• Good written and oral communication skills.
• Good understanding of drafting technical letter of credit terms and conditions for both standby/documentary credits.

Additional Information

Seniority level: Associate

Employment type: Contract

Job function: Analyst

Industries: Banking and Investment Management

Contact: [phone] or [e-mail]