Letter of Credit Specialist

Job Type : Full Time

Number of Applicants

:

000+

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Job Description - Letter of Credit Specialist

General Duties
Issuance and amendment of Standby Letter of Credit, Commercial Letter of Credit received from the Front Office or the customer checking the letter of credit application and letter of credit terms for compliance with international governing rules [UCP, ISP98, U.S. Regulatory matters].
Review/Prepare/Process the Standby Letter of Credit, Commercial Letter of Credit via mail/email/SWIFT and update the Standby Letter of Credit, Commercial Letter of Credit transaction in the Trade Finance system
Register all transactions in the online document storage system with all supporting documents including registering the evergreen renewal terms and pending beneficiary consents as required
Monitor and Control evergreen notification dates and all beneficiary consents
Review and Prepare Letter of Credit invoices to the customer as required including processing the transaction in the Standby Letter of Credit system and confirming payment is received.

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