Infotree Global Solutions
Trade Finance Specialist
Infotree Global Solutions, Jersey City, New Jersey, United States, 07390
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:
(734) 392-8166 or abbas@infotreeglobal.com
#J-18808-Ljbffr
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:
(734) 392-8166 or abbas@infotreeglobal.com
#J-18808-Ljbffr