Letters of Credit/Trade Finance Specialist

Job Description

Job Description

ABOUT BCIBci provides financial services to individuals and corporations. We focus on being a global leader in innovations and personalized client experience and, with more than 10,500 employees, Bci is recognized as one of the best companies in which to work and develop a career. It is the third largest privately owned bank in Chile and it has more than 300 branch offices throughout Chile and representative offices in other countries. Bci is an Equal Opportunity Employer - All qualified applicants will receive consideration without regard to race, color, religion, gender, national origin, age, disability, veteran status, or any other factor determined to be unlawful under applicable law.JOB SUMMARY

The Letters of Credit/Trade Finance Specialist performs technical, administrative, and bookkeeping duties inherent in the processing of approved Letters of credit, collections, from receipt to entry in the system. The Letters of Credit/Trade Finance Specialist responsibilities include lines of credit availability, checking terms and conditions, coordinating the processing with operations or commercial departments if needed.

DUTIES OF THE POSITION

The duties of the position include, but are not limited to, the following:

• Letters of Credit functions (OFAC verifications, offerings, issuance, confirmation, advice, processing payments, amendments, discounts, acceptances, reimbursements, investigations, tracers, cancellations and fillings

• Letters of Credit documentation– document checker

• Documentary Collections- all functions

• Customer relations– correspondence

• Letter of credit and collections report revision daily

• Verify letters of credit applications for accurate terms and rate, appropriate approvals, documents and disclosures, appropriate credit authorization and disbursal amounts

• Enter verified application information tickets into the system

• Prepare required offering tickets, and general ledger entries

• Verify amendment requests, prepares offering tickets when is required and obtains credit authorization when necessary
  Control past due drafts, expired letters of credit, and month end duties entries, statistics

• Factoring and forfeiting transactions

• Document scanning
  

• Safeguard of LC documents

• Prepare customer and agent relations– correspondence

• Review daily reports (Icold) of past due loans acceptances, Internal DDA accounts

• Assist with calculations and answers branch and customer inquiries

• Assist with training as needed

• Filing and other organization of information

• Must have regular and predictable attendance and work the hours and/or shifts assigned, particularly during regular business hours, to communicate with colleagues, supervisors, and customers with whom interaction is required to accomplish and complete work assignments and meet company goals within established deadlines

• Must maintain courteous, professional and effective internal and external working relationships

• Must provide timely and appropriate responses to requests for information and/or customer complaints or concerns and provide appropriate follow-up to ensure issues are resolved

• Ability to understand, speak (fluently), read and write English and Spanish

• Ability to write routine reports and correspondence

• Ability to multitask and work under pressure

• Effectively speaking before groups of customers or employees

• Assume evolving duties and responsibilities of position

• Work all hours required to fulfill job duties and responsibilities including weekends, evenings and holidays as needed)

• Travel as required

• Provide coverage for other positions as requested

• Ability to carry and lift boxes and/or other objects that may weigh between 10 and 25 pounds.

• Perform additional duties and responsibilities as assigned by management

PRE-HIRE REQUIREMENTS FOR THIS POSITION:

COMPUTER: Ability to operate IBM compatible personal computers; fluency with Microsoft Word, Microsoft Excel, Microsoft PowerPoint and Google, working knowledge of SWIFT. Datapro E-IBS is preferred but not required.

EDUCATION:

Bachelor’s degree or equivalent from four-year College and

EXPERIENCE:

5 – 7 years’ work experience with Letters of Credit