Letter of Credit Technician

Are you a Letter of Credit Specialist with a passion for trade finance and a proven ability to navigate the intricacies of international banking operations? Natixis's Operations department seeks a skilled professional to join our essential team. We pride ourselves on fostering a dynamic, collaborative environment where your expertise will be valued, and your contributions will make a tangible difference.

We are looking for an enthusiastic VP-level Letter of Credit Specialist to join our dedicated team. In this role, you will be at the heart of operations, managing the entire lifecycle of trade finance transactions. Join a team where meticulous attention to detail and operational efficiency are paramount, and seize the opportunity to thrive in a demanding, ever-evolving environment.

• Operational Excellence: Excel in the timely and accurate execution of all import Documentary and Standby Letters of Credit, and their amendments.
• Confirmation Expertise: Expertly advise on and confirm export Documentary and Standby Letters of Credit, and their amendments.
• Payment Management: Ensure diligent and accurate processing of all payments related to Letters of Credit.
• Control & Compliance: Perform robust controls for transaction processing, including accurate compliance checks and securing necessary Middle/Front Office approvals.
• Financial Reconciliation: Execute meticulous cash and other account reconciliations, ensuring financial accuracy and adherence to policies.
• Fee Management: Manage client invoicing and the precise application of received fees, ensuring revenue optimization.
• Project Contribution: Actively contribute to the "TradeGO" migration project, ensuring operational readiness and smooth transitions.
• Strategic Client Relations: Provide expert support and guidance to clients on Letter of Credit activities, fostering strong, lasting relationships.
• Dynamic Environment Performance: Consistently achieve accurate results in a dynamic, fast-paced environment, often under strict deadlines, demonstrating initiative and problem-solving skills.
• Regulatory Adherence: Apply and ensure adherence to all relevant legal and regulatory requirements, including anti-boycott regulations, OFAC, AML, and red flag indicators.
• Transaction Reconciliation: Perform daily reconciliation of all USD and foreign currency transactions with precision.
• Cross-Functional Collaboration: Collaborate effectively with Middle Office, Front Office, Compliance, Finance, and other key stakeholders to facilitate smooth transaction flows.
• Professional Communication: Review and respond to all email inquiries promptly and professionally, serving as a key point of contact for Letter of Credit-related matters.

A minimum of five (5) years of progressive experience in Letter of Credit operations, demonstrating expertise across a wide range of transactional complexities.

Proficiency in Microsoft Excel and Word; strong knowledge of Loan IQ and SWIFT.

Effective written and verbal communication skills, with a keen attention to detail and the ability to clearly articulate complex information.

Thorough knowledge of relevant industry standards and publications, such as Uniform Customs & Practices, ICC Publication 600, International Standby Practices 1998 (ISP
98) ICC Pub 590, Uniform Rules for Bank-to-Bank Reimbursements ICC Pub. 525, and Uniform Rules for Collections ICC Pub 522.

Possesses strong organizational skills, is proactive, highly motivated, and consistently exhibits professional conduct and a commitment to accuracy and efficiency.

At Natixis, we believe that a diverse and inclusive workplace drives innovation and success. Join our talented team and be part of a company that values your input, encourages…