An International Bank in Newark, NJ seeks an experienced Letter of Credit technician(Imports, Exports, Standbys) issuance and amendments; exam documents and process payments. Required: At least 10 years experience checking documents under Import/Export/ Standby Letters of Credit. Know commercial L/Cs and UCP 600, ICC 725, for Reimbursements, URC 522 for collections Ensure government regulations in compliance with Anti-Boycott, OFAC, AML, plus CCC, Eximbank and EDC. Have excellent written and verbal communication skills. Flexible teamwork, internal/external customers, know MS Word, Excel, be comfortable working with spread sheets.
Duties:
Process documents(Import, Export, Standby) applications/confirmations/amendments in accordance with UCP 600 and government regulations. Examine documents, negotiate and effect payments. Resolve problems with beneficiaries and applicants. Manage correspondence related to discrepancies/payments under L/Cs . Help customers and beneficiaries. Advise/settle L/Cs as needed. Ensure there is no credit exposure to the bank. Be able to process/reconcile fees and provide cover back up for staff on vacation.
Country: USA, State: New York, City: New York, Company: Ap Task.
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