Letter of Credit Specialist

Location: Montreal

Role Name:
Letter of Credit Specialist

Location:

Montreal
Duration:
Contract

JOB DESCRIPTION:

"Skills Needed
Minimum of years of SBLC Commercial Letter of Credit andor Guarantees in Trade Finance Mandatory
Knowledge of UCP ISP URDG Mandatory
Knowledge of all regulatory guidelines ie sanctions OFAC compliance antiboycott and othersMandatory
Knowledge of SWIFTMandatory
Minimal education level required High school Secondary school A levels AS levels IB
Effective written and verbal communication skills Mandatory
Knowledge of standby letters of credit would be an asset Nice to Have
Knowledge of Syndicated Letter of Credits would be an asset Nice to Have
CDCS Certification Nice to Have
ACBS system knowledge Nice to Have
TI Trade innovations system knowledge Nice to Have
Experience in Letter of Credit billing process commission calculation reconciliation of records etc
Responsibilities
Ensure that letter of credit transactions are in conformity with client instructions UCP Publication ISP and the Banks 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 assistancesupport 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 followup until payment is secured and transaction is finalized
Ensure that Letters of Credit file contains relevant supporting documentation ie 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 Banks accounting system ACBS for accurate accounting and reporting
Ensure SWIFT messages for LC transactions are processed properly

Other Information

Language Fluent in English French is a plus
Working from home voluntary basis for up to days per week after months of joining subject to managers discretion
Calendar Holiday to follow USA
Flexibility to work during nonstandard working hoursdays as requested
Should be willing to support after hours during busy periods