What are the responsibilities and job description for the Credit Specialist (SBLC) position at KYYBA Inc?
Synopsis of Job described by HM
Candidate should be capable of drafting the more complex Standby Letters of Credit including Syndicated Letters of Credit, Direct-Pay Letters of Credit supporting Industrial Revenue Bonds, Counter and Counter-Counter Standby Letters or Credit.
Ensures needed regulatory compliance and credit approvals are obtained prior to issuing and / or releasing Standby LCs.
Examining documents for payment under Standby Letters of Credit for compliance with Letter of Credit terms.
Working closely with Relationship Managers, clients, beneficiaries, internal and external Counsel as needed to structure and finalize complex Standby Letters of Credit
Redline the agreement; Drafting the letter
Negotiate the language with Attorney
MUST have experience with standby letter of credit
A standby letter of credit, abbreviated as SBLC, refers to a legal document where a guarantees the payment of a specific amount of money to a seller if the buyer defaults on the agreement.
Strong knowledge of ISP98, UCP600, and relevant publications is required.
US Regulatory compliance
Bachelors is Required
