Letter of Credit Analyst

Role And Responsibilities

• Manage end-to-end operational workflow for Import and Export Letters of Credit, including issuances, advisements, payments, and amendments, ensuring accuracy and timeliness across all transactions.
• Initiates daily and weekly task lists/check-ins with team members to better streamline work assignments and foster collaborations.
• Ensure full adherence to Federal Reserve regulations and internal compliance standards, proactively identifying and mitigating risk exposure.
• Conduct thorough review of presented documents to identify and resolve discrepancies, maintaining a high accuracy rate on approved applications.
• Partner closely with Relationship Managers and Relationship Liaisons to support client needs and uphold service standards.
• Serve as a subject matter expert in UCP 600 and Incoterms, contributing to team training and process documentation.
• Maintenance and Processing of Process Transfers and/or Assignment requests such as issuance/amending/and advising of Letters of Credits.

Qualifications

• 3 years of experience managing end-to-end operational workflow for Import and Export Letters of Credit, including issuances, advisements, payments, and amendments, ensuring accuracy and timeliness across all transactions.
• Knowledge of Uniform Customs & Practices (ICC Pub 600), ISP98 (ICC Pub 590), Uniform Rules for Bank-to-Bank Reimbursements (ICC Pub 525), and Uniform Rules for Collections (ICC Pub 522).
• Proficiency in Excel & Word; Loan IQ and Swift are a strong plus.
• Undergraduate degree, accounting background a major advantage.
• Organized, proactive, highly motivated, with strong written/verbal communication and attention to detail.

Benefits

• Competitive salary between USD $90,000 - 110,000
• 401(k) retirement plan with company matching
• 15 days of paid vacation per year at hire and up to 27 according to seniority (annual untaken vacation days are cashed out)
• 8 paid holidays + 5 sick days + 2 personal days per year
• Health, dental, and vision insurance plans + FSA
• Voluntary STD and LTD
• Commuter/transit benefits