Letter of Credit Technician at an Investment Bank examining and negotiating credit documents. Advising on import, standby and export letters of credit with technical expertise in trade finance.
Responsibilities
Examining and negotiating import, standby and export letter of credit documents
Advising, issuing, and amending import, standby and export letters of credit
Process confirmed letters of credit
Process incoming and outgoing collection items
Make payment via L/C system
Handle investigations for trade products
Perform duties as Letter of Credit Technician for specified accounts when coverage is needed (Payment vs. Issuance)
Act as an advisor to internal and external clients on trade finance-related issues
Requirements
Must have extensive knowledge of UCP600/500, URR725, ISP98, ISBP, URDG and URC522
Should have automated letter of credit systems knowledge
Knowledge of SWIFT processing
Must possess at least 5+ years Letter of Credit technical experience
Should have knowledge of a facility monitoring and batch input system
Should have regulatory knowledge with regard to trade finance products, i.e., AML, OFAC, Anti-Boycott
Job title
Contractor – Letter of Credit Technician, Intermediate
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