Trade Documentary Issuance Associate

Job Description

Responsible for issuing/amending/advising/transferring LC’s, issuing shipping guarantees/air releases as requested by customers and ensuring that LC/Compliance/Bank rules and regulations are adhered to.

Job Description

• Review incoming letters of credit and amendments.
• Prepare and enter new letters of credit and subsequent amendments on the automated system.
• Effect transfers and assignment of proceeds under existing Letters of Credit.
• Check completed transactions for quality and accuracy.
• Process charges representing commissions that are due to the Bank.
• Handle/resolve investigations as needed.
• Use a PC to retrieve previously entered transactions.
• Issue shipping guarantees and air releases.
• Ensure that all work performed is in compliance with the department‘s operations manual, all Bank policies and Regulatory requirements.

Qualifications

• High school diploma or equivalent.
• Minimum of three years of letter credit import issuance experience.
• Thorough knowledge of the Uniform Customs and Practice for Documentary Credits, as well as the ICC Publication and  all subsequent revision.
• Excellent word processing and communication skills.
• Ability to use a PC and an automated system.

Compensation

The expected annual salary for this position is between $70,000 and $80,000 at the start of employment. A salary offer is determined on an individualized basis, taking into consideration factors such as an individual’s skills and experience. In addition to base salary, our total rewards package also includes eligibility for an annual bonus, medical, pharmacy, dental, and vision plans, life and disability insurance, employee wellness program, retirement and savings plans with employer contributions, generous holiday and paid time off schedules, parental leave, and tuition reimbursement.