Letters of Credit​/Loans Specialist

About BCI

Bci provides financial services to individuals and corporations. We focus on being a global leader in innovations and personalized client experience and, with more than 10,500 employees, Bci is recognized as one of the best companies in which to work and develop a career. It is the third largest privately owned bank in Chile and it has more than 300 branch offices throughout Chile and representative offices in other countries.

Bci is an Equal Opportunity Employer - All qualified applicants will receive consideration without regard to race, color, religion, gender, national origin, age, disability, veteran status, or any other factor determined to be unlawful under applicable law.

The Letters of Credit Specialist performs technical, administrative, and bookkeeping duties inherent in the processing of approved Letters of Credit and collections, from receipt to entry in the system. The role includes managing lines of credit availability, checking terms and conditions, and coordinating processing with operations or commercial departments when needed.

The duties of the position include, but are not limited to, the following:

• Letters of Credit functions (OFAC verifications, offerings, issuance, confirmation, advice, processing payments, amendments, discounts, acceptances, reimbursements, investigations, tracers, cancellations and fillings).
• Letters of Credit documentation – document checker.
• Documentary collections – all functions.
• Customer relations – correspondence.
• Letters of Credit and collections report revision daily.
• Verify letters of credit applications for accurate terms and rate, appropriate approvals, documents and disclosures, appropriate credit authorization and disbursal amounts.
• Enter verified application information tickets into the system.
• Prepare required offering tickets and general ledger entries.
• Prepare and distribute collateralized lending reports.
• Responsible for NetX 360 – Collateralized lending report (daily).
• Verify amendment requests, prepare offering tickets when required, and obtain credit authorization when necessary.
• Control past due drafts, expired letters of credit, and month-end duties entries and statistics.
• Factoring and forfeiting transactions.
• Assist with inventory of legal documents in custody.
• Document scanning and safeguard of LC documents.
• Prepare customer and agent relations – correspondence.
• Review daily reports (Icold) of past due loans, acceptances, and Internal DDA accounts.
• Assist with calculations and answers to branch and customer inquiries.
• Assist with training as needed.
• Filing and other organization of information.
• Maintain regular and predictable attendance and work the hours assigned, particularly during regular business hours, to communicate with colleagues, supervisors, and customers to accomplish and complete work assignments and meet company goals within established deadlines.
• Maintain courteous, professional, and effective internal and external working relationships.
• Provide timely and appropriate responses to requests for information and/or customer complaints or concerns, with appropriate follow-up to ensure issues are resolved.
• Ability to understand, speak (fluently), read and write English and Spanish.
• Ability to write routine reports and correspondence.
• Ability to multitask and work under pressure.
• Speak effectively before groups of customers or employees.
• Assume evolving duties and responsibilities of the position.
• Work all hours required to fulfill job duties and responsibilities, including weekends, evenings and holidays as needed.
• Travel as required.
• Provide coverage for other positions as requested.
• Ability to carry and lift boxes and/or other objects that may weigh between 10 and 25 pounds.
• Perform additional duties and responsibilities as assigned by management.

COMPUTER: Ability to operate IBM compatible personal computers; fluency with Microsoft Word, Microsoft Excel, Microsoft PowerPoint and Google, working knowledge of SWIFT. Datapro E-IBS is preferred but not required.

Bachelor’s degree or equivalent from four-year college.

5 – 7 years’ work experience with Letters of Credit.