Only candidates with US Work Authorization will be considered.
Job Summary: Exercises technical expertise and knowledge of functions, policies and procedures while performing Letter of Credit transactions such as issuances, negotiations, and payments. In addition, same expertise and knowledge should be applied to transactions related to Documentary Collections.
Primary Responsibilities:
Including the following duties or tasks that at some point in time might be assigned on a needed basis.
Carefully reads and follows instructions and/or documents to determine disposition of items, this includes issuance, payment, and negotiation. When necessary, coordinates with Account managers for proper processing of instructions.
Following procedures inputs information in the Letters of Credit/Documentary Collections system verifying that all information provided is accurate, complete, and follows the applicable regulations and the Uniform Customs and Practices for Documentary Credits (UCP 500) for Letters of credit and International Chamber of Commerce (I.C.C.) Publication No. 522 for Documentary Collections.
Follow up on instructions and documents provided by the Account Manager and keep files up to date.
Makes sure that the names of all buyers, beneficiaries, assignees of assignments of proceeds and transferees, as well as the names of all vessels, planes and transportation companies appearing in all letters of credit and documentary collections processed by the department must without exception, be scanned against the OFAC list and other lists according to the Bank Secrecy Act policies and procedures of the bank.
Knowledge of ACH Process.
Verifies that all work has been processed correctly.
Prepares and process check payments and fund transfer when necessary or requested.
Prepares and sends correspondence either via regular mail or courier.
May use SWIFT and/or e-mail to obtain and transmit information to customers, agencies and/or vendors.
Performs necessary research and investigations and/or assists supervisor in finding information to process work.
Keeps control of any new instructions or amendment received. Properly report discrepancies to the interest parties and act according to policies and procedures to correct any problem that may have arisen.
When necessary, do the corresponding traces and follow up according to procedures.
Reconcile and investigate any differences encountered in the reports and/or system.
Perform functions related to wire transfer transactions.
Validate and process payments, such as swifts, wire transfers and bank to bank requests.
Qualifications:
To perform this job successfully, an individual must be able to perform each duty satisfactorily.
Education and Experience:
Two years of college or technical school; or six months to one-year related experience and/or training; or equivalent combination of education and experience.
Language Skills:
Speak, read, and write English and Spanish.
Ability to read and interpret documents such as regulations, operating and maintenance instructions, and procedure manuals.
Ability to write routine reports and correspondence.
Ability to effectively present information in one-on-one and small group situations to customers, clients, and other employees of the organization.
Other Skills and Abilities:
Computer literate with basic knowledge of standard word processing, spreadsheet, and database programs.