Letter of Credit Specialist

Letter of Credit Specialist - 1 Year Contract

Title:

Letter of Credit Specialist
Status: 12 Month Contract

Working hours:

Mondays to Fridays (9am to 6pm, 40 hour workweek with 8 hours workday + 1 hour lunch)
Working from home: voluntary basis for up to 2 days per week
* after* 3 months of joining, subject to manager’s discretion
Calendar/Holiday to follow: USA

Start Date:

ASAP

Location:

Downtown Montreal, Quebec

TO APPLY:

Please send your resume to

Our client is an international banking and financial institution with divisions located in the Americas, Europe, Asia,and the Middle East. They are establishing their first Canadian office and are expecting exponential growth.

The candidate will be responsible for the administration of the Bank’s letters of credit portfolio, specifically the issuance, confirmation, and advising Standby/Guarantees and Import/Export letters of credit. Ensuring daily workflow is properly processed.

Responsibilities:

- Ensure that letter of credit transactions are in conformity with client instructions, UCP Publication 600/ISP
98, and the Bank’s credit/ compliance procedures.
- Ensure timely processing of sensitive transactions and report to management any unusual or intricate transactions requiring review, discussion and or approval.
- Provide assistance/support to internal clients on technical aspects and practices of letters of credit
- Prepare and execute required letter of credit documents using TI+, Microsoft Word, or ACBS, as needed.
- Respond to pending inquiries, discrepancies and resolution of documents filed, ensure that all items are actively traced via correspondence with respective parties, tickler schedule and actively follow-up until payment is secured and transaction is finalized.
- Ensure that Letters of Credit file contains relevant supporting documentation copy of executed letter of credit/ amendments and completed compliance checklist, when required.
- Ensure timely disbursement of funds, as required for LC drawings, and record transaction through the Bank’s accounting system (ACBS) for accurate accounting and reporting.
- Ensure SWIFT messages for LC transactions are processed properly.

Qualifications:

- Minimal education level required :

High school / Secondary school / A levels / AS levels / IB
- Minimum of 5+ years commercial letters of credit and/or guarantees in Trade Finance
- Knowledge of UCP 600/ISP 98/URDG 758
- Knowledge of all regulatory guidelines sanctions, OFAC compliance, anti-boycott and others
- Knowledge of SWIFT
- Knowledge of standby letters of credit would be an asset
- Knowledge of Syndicated LCs would be an asset
- CDCS Certification is an asset
- ACBS system knowledge is an asset
- TI+ (Trade innovations) system knowledge is asset
- Attention to detail
- Problem-solving skills
- Effective written and verbal communication skills
- Adaptability
- Time Management skills
- Self-starter
- Accountability

Thank you for your interest in this role. Please note only qualified candidates will be contacted.
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