CONTRACTOR - Letter of Credit Technician (intermediate)

CONTRACTOR - Letter of Credit Technician (intermediate)

Company: SoHo Dragon represents an Investment Bank client
Location: Hybrid – Jersey City, NJ

Key Responsibilities:

• Examining and negotiating import, standby and export letter of credit documents;


• Advising, issuing, and amending import, standby and export letters of credit;


• Process confirmed letters of credit;


• Process incoming and outgoing collection items;


• Make payment via L/C system;


• Handle investigations for trade products;


• Perform duties as Letter of Credit Technician for specified accounts when coverage is needed (Payment vs. Issuance);


• Act as an advisor to internal and external clients on trade finance-related issues

Required Qualifications:

• Must have extensive knowledge of UCP600/500, URR725, ISP98, ISBP, URDG and URC522


• Should have automated letter of credit systems knowledge


• Knowledge of SWIFT processing


• Must possess at least 5+ years Letter of Credit technical experience


• Should have knowledge of a facility monitoring and batch input system


• Should have regulatory knowledge with regard to trade finance products, i.e., AML, OFAC, Anti-Boycott