Pyramid Consulting, Inc | Operations Analyst III | jersey city, nj

6 days ago

jersey city, United States Pyramid Consulting, Inc Full time

Immediate need for a talented Operations Analyst III. This is a 06+ Months Contract opportunity with long-term potential and is located in Jersey City, NJ (Hybrid). Please review the job description below and contact me ASAP if you are interested.


Job ID:24-52584


Pay Range: $35 - $40/hour. Employee benefits include, but are not limited to, health insurance (medical, dental, vision), 401(k) plan, and paid sick leave (depending on work location).

Key Responsibilities:


  • Transaction processing of all Standby letter of credit, Guarantee and Documentary letter of credit trade finance products offered by us 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.
  • Resolution in a timely manner of inquiries received from internal and external clients. Includes 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.


Key Requirements and Technology Experience:


  • Skills-Trade Finance Operation, Transaction processing and Drafting technical letter of credit terms/transactions.
  • Standby Letter of credit technical Letter of Credit experience (5-7 years) knowledge of Uniform Customs and Practices for Documentary Credits (UCP 600), International Standby Practices (ISP98), and familiarity with Uniform Commercial Code Article 5
  • Working knowledge of AML, OFAC and U.S. Anti-boycott regulations
  • Microsoft Office Suite
  • Familiarity with bank accounting related to trade finance products.
  • Standby and Documentary Letter of credit technical experience (10 years plus) superior knowledge of Uniform Customs and Practices for Documentary Credits (UCP 600), International Standby Practices (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
  • Microsoft Office Suite
  • Good written and oral communication skills
  • Good understanding of drafting technical letter of credit terms and conditions for both standby/documentary credits.


Our client is a leading Financial services Industry and we are currently interviewing to fill this and other similar contract positions. If you are interested in this position, please apply online for immediate consideration.


Pyramid Consulting, Inc. provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.


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