Letter of Credit Manager
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|Status:||Inactive / Filled|
|Title:||Letter of Credit Manager|
|Base Compensation:||$75,000 — $85,000|
|Total Compensation:||$85,000 — $100,000|
|Benefits:||full bank benefits plus 401K,|
|Is Employer Willing to Relocate?:||Yes|
|Other Relocation Information:||moving and packing plus|
|Employment Type:||Full Time / Direct Hire|
|Job Categories:||Bank Operations; International Banking|
WHY IS THIS A GREAT OPPORTUNITY?
* An important position to the bank with career growth that leads to Director, Head of Trade Finance. One of the largest banks in the country and consistently ranked in the top 5 in financial strength. * Bank is committed to providing a healthy environment balancing work and life. * Low cost of living area with mild weather and broad range of outdoor activities. * 2012 bank profit of $854MM and grew 21%. * Company paid relocation.
JOB DESCRIPTIONLetter of Credit Manager This person manages the daily activities and coordinates work flows of the Trade Services Processing Team. In addition the Supervisor of Trade Services performs technical transaction processing related to issuance of standby and commercial letters of credit and direct and documentary collections, including reviewing and releasing transactions for other processing specialist on the team. The Supervisor of Trade Services also provides high-level customer service with particular emphasis on processing promptly and without exposure to the bank. Why This Job? This position would allow the individual to lead the Trade Services Team providing expertise in documentary products and excellent service to customers (i.e., importers, exporters and correspondent banks) involved in international trade. The position provides the individual the ability to allocate staff resources in support of the international banking group’s lending activities and maintains compliance with internationally accepted regulations governing letters of credit as well as USDA policies relating to government programs to ensure the quality of the bank’s assets. We provide loans to vital industries throughout America. We help some of our customers sell their products internationally. It’s an important niche supporting U.S. industries that play a critical role in the national and global economy. During the recent economic downturn and banking crisis we generated record profits and did not receive any government financing. Our commitment to cooperative principles coupled with banking “best practices” has kept our balance sheet healthy so we can stand by our customers in any economic conditions. In addition to an unwavering customer focus, our success depends on our employees. We provide a vibrant, team-oriented and engaged corporate culture. Employees are respected for their experience and expertise.
* 5 years’ experience in standby and commercial letter of credit issuance and 3 years of management experience. * Thorough knowledge from an issuing bank perspective of the ICC Uniform Customs and Practice for Documentary Credit. * Working knowledge of International Standby Practice (ISP98). * Advance knowledge of documentary collection processes and ICC Uniform Rules for Collections. * Knowledge of the basic principles of accounting. * Demonstrated tact and persuasiveness, excellent organization and interpersonal, oral and written communication skills in dealings with foreign and domestic customers/borrowers/financial institutions. * General knowledge of personal computers and software applications. * Detail-oriented and able to work effectively under time constraints and changing priorities. * Successful leadership skills as demonstrated in previous work experience.
Total Years of Experience: