Trade Services Professional II

Fifth Third; Cincinnati (OH); On-site; USD 55,000 - 75,000; Full time

Job summary

A leading bank in Cincinnati is looking for a Trade Services Professional II to manage the issuance and processing of letters of credit. The ideal candidate will possess strong attention to detail and excellent customer service skills while working in a fast-paced team environment. You'll play a vital role in ensuring compliance and facilitating transactions within the trade services group, making a significant impact on customer satisfaction.

Benefits

Career development programs

Comprehensive health and wellness programs

Qualifications

• Ability to work in a high-volume, potentially stressful, team environment.
• Strong customer service skills.
• Experience with Microsoft Office products.

Responsibilities

• Manage issuance and processing of import and standby letters of credit.
• Examine documents for compliance with the terms of letters of credit.
• Coordinate with corporate customers and internal departments.

Skills

Attention to detail

Organizational skills

Communication skills

Customer service skills

Education

High school education

Tools

Microsoft Office

Job description

Trade Services Professional II page is loaded

Trade Services Professional II

Apply locations Cincinnati, OH time type Full time posted on Posted 5 Days Ago time left to apply End Date: June 28, 2025 (2 days left to apply) job requisition id R58301

Make banking a Fifth Third better

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GENERAL FUNCTION:

Performs defined essential duties and responsibilities within the Global Payments Trade Services Group for letters of credits and / or documentary collections per the URC, UCP and/or ISP and within the published processing standards.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank’s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

Position not available for immigration sponsorship

DUTIES AND RESPONSIBILITIES:

LETTER OF CREDIT ISSUANCE / STANDBY - IRB PROCESSING TRAC

• Issuance / Amendment / Adjustments - ~85% of time

• Issues import and standby letters of credit ensuring all required documentation and approvals are provided with the issuance application, transaction is processed within the bank's defined processing standards.

• Book IRB letters of credit ensuring all required documentation and approvals are provided with the issuance application, transaction is processed within the bank's defined processing standards.

• Processes amendment requests ensuring all required documentation and approvals are provided with the amendment application, transaction is processed within the bank's defined processing standards.

• Process principal reductions on IRB letters of credit within the required timeframe.

• Record participation sold details on excel spreadsheet, updating details whenever change is made to the letter of credit.

• Review requested letter of credit terms and language for workability, obtaining approval from legal, when needed.

• Work directly with corporate customer, line of business, relationship manager, and affiliate funding desk, when needed.

• Obtain FX rates on foreign denominated letters of credit.

• Commissions / Renewal Processing / Billings / Principal & Interest Draws

• Generate commissions on standby letters of credit.

• Closely monitor the auto/non-renewal process ensuring required documentation received and, when applicable, accurate, non-renewal notices processed.

• Process monthly principal and interest draws ensuring wire request and accounting entries entered on the Banktrade system.

• Document Examination / Payments / LC Advising - ~15% of time

• Examine documents received under a letter of credit ensuring documents are in compliance with the terms of the letter of credit and the UCP.

• Notify remitting bank of document discrepancies within the bank's defined processing standards and the UCP.

• Notify corporate customer of document discrepancies obtaining additional instructions, when required.

• Deliver documents to corporate customer or foreign bank, when required.

• Perform manual OFAC review ensuring transaction parties and vessels are not on the government's SDN list.

• Work with Line of Business for approval on export financing transactions keeping them advised of document/payment status when required.

• Process outgoing payments under import letters of credit preparing wire request, creating accounting entries on Banktrade system.

• Process incoming payments under export letters of credit directly crediting corporate customer via Banktrade system.

• Obtain FX rates on foreign denominated letters of credit.

• Setup an acceptances ensuring wire request, accounting entries, maturity date and rate information are accurately entered into the Banktrade system.

• Log all export letter of credit payments on an Excel spreadsheet.

• Advise incoming letters of credit to beneficiary and, when required, Line of Business within the bank's defined processing standards and UCP.

• Review incoming letter of credit for workability, identifying confirmation requests, compliance issues, conflicting requirements, etc.

• Complete the necessary documentation when export financing is approved for a transaction, such as confirmation, discount acceptance.

• Submit reimbursement claims as per the terms of the letter of credit

SUPERVISORY RESPONSIBILITIES: None

KNOWLEDGE & SKILLS REQUIRED:

• Knowledgeable of the UCP 500, UCP600, ISP98, URC525.

• Attention to detail, maintaining the highest quality.

• Ability to work in a high volume, potentially stressful, team environment.

• Ability to type, edit and proof general business correspondence and prepare reports as normally acquired through completion of a high school education.

• Good organizational skills, with the ability to handle multiple demands and competing priorities.

• Good verbal and written communication skills.

• Experience with Microsoft office products, such as Word, Excel and Outlook is necessary.

• Strong customer service skills.

• Employee must meet credit verification and background check criteria.

#LI-MW1

Trade Services Professional IILOCATION -- Cincinnati, Ohio 45227

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.

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About Us

Fifth Third Bank, National Association is one of the top-performing banks in the country, with a history that spans more than 150 years. We’ve staked our claim on looking at things differently to make banking a Fifth Third better. This applies to our relationships with customers and employees alike.

We employ about 18,000 people while offering:
• A chance for employees to build their future, with supportive career development and comprehensive health and financial wellness programs.
• An environment where we win together by celebrating achievements and working collaboratively.
• An opportunity to make a difference in a positive and lasting way. Everything we do is geared toward improving lives.

We’re proud that Fifth Third is a warm and caring place to grow – as a customer and as a team member.