Software Guidance & Assistance, Inc., (SGA), is searching for a Standby Letter of Credit Specialist for a CONTRACT assignment with one of our premier Financial Services clients in Jersey City, NJ .
Responsibilities :
- Transaction processing of all Standby letter of credit, Guarantee and Documentary letter of credit trade finance products offered by the firm within the operational model in place at any given time :
Issuance and maintenance of standby letters of credit
dvising / Confirming and maintenance of standby letters of creditExamination of default drawing and direct pay presentations (includes first or second examination function)Processing of written correspondence and verbal communications with internal and external customers associated with the resolution of technical letter of credit construction subject matter and other associated extraordinary processesCalculating and tracking fees and commissionsIssuance and maintenance of Documentary Letters of creditDrafting (redlining) technical terms and conditions language to ensure proper construction of standby letters of credit, guarantees and documentary letters of credit.Reviewing transactions for regulatory compliance and anti-boycott violations.Interacting with various parties of letter of credit transactions to resolve disputes, issuance construction, provide first and second level technical guidance, etc.Perform various administration functions related to the maintenance of letter of credit files.Resolution in a timely manner of inquiries received from internal and external clients. Includes escalating any potential problems or seeking clarification as appropriate.Ensure that all transactions are completed within the set timeframes / deadlines established by TFO management.Stay current on Trade Finance Guidelines and Regulatory / Legal requirements by reference to related publications if available, active participation in designated in house or external training, and on the job training.Perform Ad-Hoc tasks as directed by Team Leader / ManagementRequired Skills :
Standby Letter of credit technical Letter of Credit experience (5-7 years) knowledge of Uniform Customs and Practices for Documentary Credits (UCP 600), International Standby Practices (ISP98), and familiarity with Uniform Commercial Code Article 5Working knowledge of AML, OFAC and U.S. Anti-boycott regulationsMicrosoft Office SuiteFamiliarity with bank accounting related to trade finance productsPreferred Skills :
Standby and Documentary Letter of credit technical experience (10 years plus) superior knowledge of Uniform Customs and Practices for Documentary Credits (UCP 600), International Standby Practices (ISP98), and familiarity with Uniform Commercial Code Article 5Exposure to an automated letter of credit processing environmentGood understanding of AML and OFAC Compliance regulationsGood understanding of Letter of credit contingent and fee accountingMicrosoft Office SuiteGood written and oral communications skillsGood understanding of drafting technical letter of credit terms and conditions for both standby / documentary credits.SGA is a technology and resource solutions provider driven to stand out. We are a women-owned business. Our mission : to solve big IT problems with a more personal, boutique approach. Each year, we match consultants like you to more than 1,000 engagements. When we say let's work better together, we mean it. You'll join a diverse team built on these core values : customer service, employee development, and quality and integrity in everything we do. Be yourself, love what you do and find your passion at work. Please find us at https : / / sgainc.com / .
SGA is an Equal Opportunity Employer and does not discriminate on the basis of Race, Color, Sex, Sexual Orientation, Gender Identity, Religion, National Origin, Disability, Veteran Status, Age, Marital Status, Pregnancy, Genetic Information, or Other Legally Protected Status. We are committed to providing access, equal opportunity, and reasonable accommodation for individuals with disabilities in employment, and our services, programs, and activities. Please visit our company EEO page to request an accommodation or assistance regarding our policy.
