Letter of Credit Manager

2 weeks ago


Houston, Texas, United States BankTalent HQ Full time
Job Title: Letter of Credit Manager

We are seeking a highly skilled and experienced Letter of Credit Manager to join our team at BankTalent HQ. As a key member of our banking operations team, you will be responsible for managing a staff to ensure the efficient handling of all trade finance transactions, including letters of credit, banker's acceptances, documentary collections, confirmations, and discounted banker's acceptances.

Key Responsibilities:
  • Manage a staff to ensure the efficient handling of all trade finance transactions.
  • Provide technical assistance and advice to lending officers and trade specialists in regards to letter of credit activities.
  • Ensure the proper issuing, amending, and documentation of letters of credit and related transactions.
  • Review and verify all documentation received with drafts to ensure compliance with credit terms.
  • Maintain excellent relations with customers, inter-departments, correspondent banks, and government agencies.
  • Actively participate and proactively support customers' needs.
  • Contribute to the overall efficiency and teamwork of the department.
  • Structure letters of credit, counter-guarantees, guarantees, export letters of credit, silent confirmations, and discounting.
  • Responsible for training and supervision of staff.
  • Resolve unusual and complex problems.
  • Work closely with lending and new business officers to expedite transactions and assist with problems.
  • Provide for the proper maintenance of records and files, as well as information pertaining to rates, fees, activities, etc.
  • Maintain and update operations procedures as needed to ensure alignment with policies and avoid audit exceptions.
  • May function as a point of contact for control groups, including Compliance, Audit, Risk & Legal.
  • May act as subject matter expert or project lead for projects, including back office system updates.
  • Responsible to train and mentor staff.
  • Responsible to hire, fire, and conduct performance reviews.
  • Other duties as assigned.
Qualifications:

Requires a Bachelor's degree in business, finance, or a related field and 4+ years of directly related experience with letter of credit and advising/confirming export and letters of credit, including 1+ years of experience managing letter of credit operations or other directly related experience. Managerial or supervisory experience required. A combination of education and experience may meet requirements.

Benefits:
  • Medical, dental, and vision insurance.
  • Employer-paid life insurance.
  • 401(k) plan + generous company matching.
  • Competitive compensation commensurate with work experience (some roles include incentives, mileage + travel time pay, and/or parking waivers).
  • Paid time off (vacation, federal holidays, sick).
  • Tuition reimbursement for qualifying employees.
  • Promotional opportunities offered from within.

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