Trade Finance Associate
2 weeks ago
In this role, your primary responsibilities will include:
- Processes all lifecycle events and compliance related to Commercial Letter of Credits, Standby Letter of Credits, and Documentary collections in a timely and accurate manner.
- Capture and/or release all related fee, liability and other associated entries in ACBS.
- Read and respond to corresponding emails.
- Perform daily and monthly reconciliation of accounts.
- Provide technical and transaction support to Trade Associates when needed.
- Place and remove hold on collateral accounts for the Trade Finance Department.
- Create and maintain folders, file folders and archive closed files.
To be successful, your background should match these qualifications:
- High school diploma or general education degree (GED)
- Minimum 3-4 years related work experience in Letters of Credit (Trade services) mainly in Commercial Letters of Credit, Standby Letters of Credit and Documentary Letters of Credit
- Must show a proficiency in the construction of Standby and Documentary Letters of credit. Must show an understanding of UCP600 and ISP98 rules governing letters of credit
- Strong client service skills
- Strong verbal & written communications
- Proficiency in Microsoft Office Suite (i.e., Word, Excel, PowerPoint)
- Ability to communicate within all levels of the organization
- Work in challenging situations
- Strong attention to detail
- Strong analytical skills
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