Letter of Credit Officer jobs in Florida
Letter of Credit Officer obtains necessary information to process and complete letters of credit and related financial transactions. Verifies all documentation for accuracy and completeness. Being a Letter of Credit Officer ensures all credit data is evaluated and adheres to bank policies and procedures in order to approve or deny applications. Provides support to lending officers and trade specialists. Additionally, Letter of Credit Officer may require a bachelor's degree. Typically reports to a manager or head of a unit/department. The Letter of Credit Officer gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be a Letter of Credit Officer typically requires 2 to 4 years of related experience. (Copyright 2024 Salary.com)
Recently Added Letter of Credit Officer jobs
Letter of Credit Analyst
- MUFG Bank, Ltd.
-
Tampa, FL
FULL_TIME
- Do you want your voice heard and your actions to count? Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 7th largest financial group in the world. Across the globe, we’re 120,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world. With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career. Join MUFG, where being inspired is expected and making a meaningful impact is rewarded. The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details. The incumbent is responsible support of daily back office operations of the Standby Letter of Credit (L/C) Section and other Trade Finance Products. Monitor and ensure issuance of Standby L/Cs and amendments in a timely manner; (b) ensure accurate processing of transactions and proper booking of liabilities and fees in Trade 360 System (c) ensure accountability of all commissions, in accordance with the instructions from front/middle offices and Standard Operating procedures.(d) enforcement of all operational procedures and controls Assist the Section and department in achieving its goals, the incumbent is assigned the following Functions: (1) Workflow Management; (2) Verification; (3) Quality Control and Customer Service; (4) Staff and Performance Management (if applicable) (5) Compliance policies and procedures. (6) Special projects (7) Provide Operational /Technical Support including draft reviews and comments for all U.S. Branches. (8) Ensure all queue verifications in Trade 360 System are performed and appropriate actions are taken. (9) Key System Liaison and responsible for all T-360 System related issues/UAT and interface related to OVS and Hotscan Systems. Responsible for customized BO reports and System related investigations including GL breaks. (10). Monitor WIP/Suspense and AR accounts and Report to Management on overdue and un usual entries/differences and coordinate with respective Unit Managers in quick resolution. Respond Audit and Comptrollers inquiries and investigations. (11) Liaison responsibilities for SOX certifications, procedures and audits Responsibilities: Workflow Management: Monitor the daily operations of the Standby L/C Section and workflow supervision. Ensure output satisfies corresponding process requirements and priorities. Reconcile and account for all incoming items/work and ‘processed output’ in accordance with established procedures and controls. Maintain and oversee overdue and/or delinquent transactions, section’s output reports, pending items, records and files. Responsible for accurate LC liability and commission postings Provide timely support to new business initiatives of front offices particularly, commodity financing deals and ACB customers. Coordinate and ensure all Fronting LCs and Commodity Financing LCs are executed properly and promptly. Verification: Review L/C and Amendment Queues in Trade 360 System and ensuring that all L/C’s are issued and amendments are processed and releases as requested. Verify and release L/Cs, amendments, drawings, payments, LC fee, bills and sign negotiable instruments in timely manner in accordance with the authorization limits established by the Executive Management. Ensure all default, principal and interest draws are in compliance with the LC terms and conditions and comply with the internal procedures and compliance requirements. Quality Control and Customer Service: Provide technical and System support and guidance to staff members, Account Officers, Middle Office, all US branches and Customers on Standby LCs. Respond to inquiries received from customers, front/middle offices, internal auditors and correspondent banks, providing the accurate and timely information in resolution of such queries. Identify discrepancies and/or inefficiencies in customer support efforts and ensure that they are corrected, documented and implemented Assist the Manager (or the Management) in identifying risk areas and implement/monitor practices to reduce and/or prevent risk opportunities. Update procedures as and when changes to workflow process, system enhancements and internal controls are effected. Conduct quality control meetings to enhance customer service and customer first initiative Staff and Performance Management: Supervise workflow assignments and ensure the work is processed in timely manner Discuss and assess team members’ performance and production and escalate any issues to the Management. Provide system training where required and ensue team is equipped with the necessary knowledge and skills... Timely reporting to Management on staff performance issues, productivity and incidents. Compliance:. Enforce bank’s compliance policies and procedures. Ensure implementation of all compliance regulations including OFAC/BSA/AML/JFEL//Anti-boycott regulations in the Section’s operations. Ensure the Staff receives proper training. in all regulatory and bank compliance issues. Enforce applicable internal policies and procedures including HO as related to Trade Finance products and operations Qualifications: College Degree. Certificate or courses or any specialized training/exposure in International Trade, Trade and Commodity Financing/Project Finance is a plus. 3-5 years of banking experience with 2-3 years of Standby LC operations experience. Knowledge and experience in processing of SBLCs and billing/fee invoices required. Experience in SBLC draft reviews and technical support is a plus. Knowledge and experience of transaction processing in T-360 System, GPP, BESS and Hotscan Systems is a plus. Sound knowledge of UCP, ISP, URDG and ISBP. Experience and background in Commodity Financing and Project Finance is a plus. Ability to support and provide teamwork with focus on quality and prompt customer service. Strong inter-personal skills, verbal and written communication skills and ability to work in an automated system environment required. The typical base pay range for this role is between $61K - $78K depending on job-related knowledge, skills, experience and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, income replacement for qualified employees with disabilities, paid maternity and parental bonding leave, and paid vacation, sick days, and holidays. For more information on our Total Rewards package, please click the link below. MUFG Benefits Summary The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified. We are proud to be an Equal Opportunity Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law. At MUFG, our colleagues are our greatest assets. Our Culture Principles provide a roadmap for how each of our colleagues must think and act to become more client-obsessed, inclusive and innovative. They reflect who we are, who we want to be and what we expect from one another. We are excited to see you take the next step in exploring a career with us and encourage you to spend more time reviewing them! Our Culture Principles Client Centric People Focused Listen Up. Speak Up. Innovate & Simplify Own & Execute
- 4 Days Ago
Loan Officer/Credit Card Service
- Tampa Postal Credit Union
-
Tampa, FL
FULL_TIME
- Job DescriptionLoan Officer with Credit Card Service experienceWe are seeking a Loan Officer with Consumer and Credit Card Service experience preferable with Co-Op Network. You will be a part of our L...
- 11 Days Ago
SVP/Chief Financial Officer - Credit Union CFO
- Floridacentral Credit Union
-
Tampa, FL
FULL_TIME
- Chief Financial Officer - SVP/CFO Role: To direct the financial and operational affairs of the Credit Union; to establish major economic and financial objectives and policies for the Credit Union. Maj...
- 5 Days Ago
Credit officer
- Popular Bank
-
Miami, FL
FULL_TIME
- Apply now Apply Now Start applying with LinkedIn Please Date : May 21, 2024 Location : Miami Lakes, FL, US, 33016 display : inline; Company : Popular Workplace Type : Hybrid Commercial Credit Officer ...
- 7 Days Ago
Letter Fabricator
- Allen Industries Inc
-
Clearwater, FL
FULL_TIME
- The position of Letter Fabricator is responsible for the fabrication and assembly of channel letters or cabinets, light installation and mounting of channel letters. DUTIES Build letters by riveting, ...
- 21 Days Ago
Loan Officer
- USF Federal Credit Union
-
Temple, FL
FULL_TIME
- When joining USF Federal Credit Union, you can expect to work for a company that: Strives to be the most influential partner in our Members’ financial journey.Has been recognized with awards such as t...
- 7 Days Ago
Letter of Credit Officer jobs at Popular Companies
Client Services Associate - Waterworth Wealth Advisors
- Kestra Financial
-
Grapevine, TX
- Full-time, Client Service Associate (CSA) Requirements Summary: Waterworth Wealth Advisors, LLC helps our clients achiev...
- 6/12/2024 12:00:00 AM
Senior Treasury Analyst
- H.I.G. Capital
-
Miami, FL
- Firm Overview: H.I.G. Capital is a leading global private equity investment firm with $62 billion of assets under manage...
- 6/12/2024 12:00:00 AM
Accounts Receivable Chargebacks - OrderID: 3914
- AcctPositions
-
Hauppauge, NY
- Our client a large consumer product company is seeking an accounts receivable chargebacks associate. The company offers ...
- 6/12/2024 12:00:00 AM
Medical Billing Specialist
- TalentBurst, an Inc 5000 company
-
Boston, MA
- Job - Medical Billing Specialist (Dental) Location – Boston, MA Work Schedule: 40 hours/week Duration – 3+ Months with p...
- 6/12/2024 12:00:00 AM
Labor & Employment Attorney (San Francisco Bay Area)
- Burke, Williams & Sorensen, LLP
-
- Burke, Williams & Sorensen, LLP is seeking a 4 – 7 year attorney to join its Labor and Employment Law Practice Group in ...
- 6/12/2024 12:00:00 AM
Development Associate
- Nantucket Conservation Foundation
-
Nantucket, MA
- Summary The Development Associate supports the Development Office by managing the constituent database as well as gift a...
- 6/12/2024 12:00:00 AM
Accounts Receivable Chargebacks
- Tempositions, Inc.
-
Hauppauge, NY
- Description Our client a large consumer product company is seeking an accounts receivable chargebacks associate. The com...
- 6/10/2024 12:00:00 AM
Accounting Analyst
- Hiring Now!
-
Kansas City, MO
- If you are currently employed at Smithfield, please log into Workday and submit your application through the Jobs Hub. A...
- 6/8/2024 12:00:00 AM
About Florida
Florida (/ˈflɒrɪdə/ (listen); Spanish for "land of flowers") is the southernmost contiguous state in the United States. The state is bordered to the west by the Gulf of Mexico, to the northwest by Alabama, to the north by Georgia, to the east by the Atlantic Ocean, and to the south by the Straits of Florida. Florida is the 22nd-most extensive (65,755 sq mi or 170,300 km2), the 3rd-most populous (21,312,211 inhabitants), and the 8th-most densely populated (384.3/sq mi or 148.4/km2) of the U.S. states. Jacksonville is the most populous municipality in the state and the largest city by area in th...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Letter of Credit Officer jobs
$49,011 to $81,205
Most Popular Cities in Florida for Letter of Credit Officer Jobs
What does a Letter of Credit Officer do?
Letter of Credit Officer in Cedar Falls, IA
Crafting a cover letter that catches the attention of hiring managers is paramount to getting the job, and LiveCareer is here to help you stand out from the competition.
January 19, 2020
Letter of Credit Officer in Lubbock, TX
An ideal cover letter for a credit officer job must demonstrate all necessary skills associated with the position.
February 02, 2020
Letter of Credit Officer in Tuscaloosa, AL
In order to do this, it is essential to read the advertisement and then start writing the letter carefully.
February 15, 2020