Trade Finance Specialist

FinanceInfos; Seattle (WA); Hybrid; USD 70,000 - 100,000; Full time

Benefits offered by this job

401(k) with up to 4% match

Medical, dental, vision, LTD, STD, and

Life insurance

Incentive and commission compensation

Paid vacation, sick, personal days, 11

Tuition reimbursement up to $5,250

Job summary

Banner Bank is seeking a Trade Finance Specialist in Seattle to manage all commercial and standby letters of credit, documentary collections, and related payments. The role includes filing maintenance and coordination with loan operations for onboarding clients.

Responsibilities include client consultations, document review for compliance with UCP/URC/ISP98, and producing department reports. This position supports sales and cross-functional teams in a global trade environment.

Qualifications

• Basic math and accounting concepts, including debits, credits, balancing ledgers, percentages.
• Understanding of trade transactions, document examination, and discrepancy resolution.
• Processing of commercial and standby letters of credit, documentary collections, and related trade products.
• Knowledge of UCP, URC, ISP98 regulations.

Responsibilities

• Consult with clients on documentary collections and letters of credit.
• Coordinate execution of letters of credit and ensure documentation accuracy and compliance.
• Coordinate import/export documentary collections and verify URC compliance.
• Maintain internal connections with bank departments and support business development for Trade Finance.
• Maintain records, balances, and generate management reports.

Skills

Basic math

Trade finance knowledge

Written and verbal communication

MS Office

Attention to detail

Education

High School Diploma

Equivalent education/experience considered

Tools

MS Word

Excel

Access Database

Job description

Job Highlights

• Title: Trade Finance Specialist
• Type: Full Time
• Experience: 2 Years
• Function: Treasury Management
• Location: Seattle, WA, United States
• Company: Banner Bank

Company Profile

Banner Bank offers a wide range of personal and business banking services, including loans, checking, and savings accounts. It also provides digital banking solutions and financial tools to support customers’ financial goals.

Job Profile

The bank is searching for a Trade Finance Specialist who will be responsible for processing all commercial and standby letters of credit and documentary collections, including issuance, notifications, amendments, and payments, and maintenance of respective files.

Also, responsible for creating and maintaining department reporting.

Education Level

• High School Diploma (required)
• An equivalent combination of education and experience may be considered

Work Experience

• 2 or more years of specialized commercial banking experience and familiarity with standby letters of credit (required)

Duties/Responsibilities

• Consults with clients on routine documentary collections and commercial and standby letters of credit.
• Coordinate the execution of letters of credit, assuring supporting documentation is reviewed for accuracy, consistency, and compliance with UCP, and follows applicable laws, rules, regulations, and bank credit standards. Communicates with the client regarding all aspects of the letter of credit process. Verifies credit availability, accurately documents the file, and coordinates onboarding with loan operations. Works with the compliance and processing vendor to onboard new clients.
• Coordinate the initiation and payment of import or export documentary collections. Reviews collection instruction covers letters for consistency and compliance with URC; assures the transaction meets and follows applicable laws, rules, regulations, and communicates status and payment with the client.
• Establish internal connections with complementary bank departments.
• Facilitate business development efforts of the Trade Finance department through presentation preparation, data mining, research, and client support.
• Maintain records and files for all Trade Finance transactions; record activities for accounts including debit/credit, transaction fees, and notifications; balance account records and customer liability accounting; and generate Management reports.
• Responsible for providing backup on Foreign Exchange Forward Contract booking and maintenance of related files.
• Other tasks related to processing trade finance products or supporting reporting and audit efforts as they may arise.

Skills/Knowledge/Abilities

• Basic math and accounting concepts, including debits, credits, balancing ledgers, addition, subtraction, multiplication, division, and percentages.
• Basic understanding of trade transactions, document examination, and discrepancy resolution.
• Demonstrate understanding of the methods and practices for processing commercial and standby letters of credit, documentary collections, and other trade-related products.
• Knowledge of current revisions of regulations governing trade products, including Uniform Customs and Practices for Documentary Letters of Credit (UCP), Uniform Rules for Collections (URC), and International Standby Practices (ISP98).
• Proficient use of Microsoft Office software applications, with particular emphasis and familiarity with MS Word, Excel, and Access Database.
• Proven strong written and verbal communication skills.

Working Conditions

• Detail-oriented and deadline-driven tasks
• May involve extended screen time and reports
• Office-based or hybrid work environment
• Regular interaction with banks and clients
• Works with international trade documents
• Travel requirements (5%)

Benefits/Perks

• 401 (k) (up to 4% match with immediate vesting)
• Comprehensive benefits, including medical, dental, vision, LTD, STD, and life
• Incentive and commission compensation
• Paid vacation time, sick time, personal days, paid volunteer time, and 11 company-paid holidays
• Tuition reimbursement up to $5,250 annually

Employer’s Statement

Banner Bank is an Equal Opportunity Employer.