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Letters of Credit Specialist

2 months ago

New York NY United States Michael Page Full time

This role involves daily processing, tracking, and documentation of invoices and letters of credit, ensuring timely transaction entry and accurate record keeping across multiple systems. The position also requires regular coordination with internal teams for reconciliations and compliance, as well as support for clients on technical aspects of credit transactions.

Client Details

This institution is one of Europe's largest banking groups, known for comprehensive financial services that span retail banking, corporate finance, investment solutions, and asset management. With a strong presence internationally, it provides support to clients in sectors such as agriculture, real estate, and energy, along with advisory services both private individuals and businesses.

Description

  • Process and manage daily invoices from various branches, ensuring accuracy and timely forwarding to clients

  • Track and document letters of credit transactions, keeping all relevant files and compliance records up to date

  • Coordinate closely with reconciliation teams to identify and address any outstanding items in detail

  • Maintain ongoing communication with international branches and partner banks, providing regular transaction updates

  • Digitally archive completed transactions and support documentation for efficient future reference

  • Support and advise clients and corporate teams on technical requirements and best practices related to letters of credit

Profile

  • Bachelors Degree in Finance, Business Administration ETC

  • At least 3+ years of experience with Commercial Letters of Credit

  • Proficient in financial software and systems, with the ability to quickly learn and adapt to new tools and processes

  • Brings strong attention to detail and accuracy in handling financial documents and transaction records

  • Demonstrates a collaborative mindset, working effectively with internal teams and international contacts to resolve discrepancies

Job Offer

  • Competitive compensation

  • Health Benefits (Medical, Dental, Vision)

  • Opportunity for long term employment

  • Experience at a reputable international financial institution

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.