Letter Of Credit Operations Specialist

  • Salary

    $42 Per Hour

Experience

4 to 6 Years

Posted On

Nov 22, 2023

Company

Neshent Technologies

Travel Requirements

0%

Job Overview

Required Skills

  • Commercial Lending
  • Letters of Credit
  • International Finance
  • Microsoft Office
  • Customer Service

Job Type

Full-time, Contract - W2

Location

Detroit, MI

Job Description

Roles & 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.

Experience Required:

  • 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: NT230182

  • Posted By

    Michelle Williams

Designation

HR Manager

Company

Neshent Technologies

Last Login

Apr 22, 2024

Posted On

Nov 22, 2023


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  • experience

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  • Travel Requirements
  • Travel Requirements

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  • Wallet
  • SALARY

    $42 Per Hour

  • Skills
  • SKILLS

    • Commercial Lending
    • Letters of Credit
    • International Finance
    • Microsoft Office