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Credits Administrator, Trade Finance - Contract, Remote

Company: The Horizon Group
Location: Garland
Posted on: January 16, 2022

Job Description:

Credits Administrator - Trade Finance - Our client is an International Bank with headquarters in NY's midtown area and extensive franchise values in the Corporate Banking space. They offer a healthy and balanced culture, excellent benefits and growth. - Purpose of the role
The credits administrator is responsible for: - - - - - Issuing and amending Standby Letters of Credit and Bank Guarantees - - - - - Preparing due diligence (sanctions / negative news) screenings documentation to be sent to the appropriate departments for screening. - - - - - Maintaining the portfolio and following up with customers and banks on all aspects of these transactions. - - - - - Maintaining daily customer contact and providing advice in connection with the handling of Credit transactions. - - - - - Advising Relationship Managers on the products available to their customers. - - Accountabilities -
- - - - - Process, standby letters of credit and bank guarantees that are approved for handling in the branch according to guidelines in a timely and efficient manner; - - - - - Provide daily customer contact and advise in connection with the handling of all standby letters of credit and bank guarantees transactions; - - - - - Due diligence (sanctions / negative news) documentation. . - - - Complete documentation to be sent for due diligence screening. . - - - Verify that administrators have completed the due diligence documentation correctly. . - - - Verify that sanctions screening is performed accurately by appropriate department . - - - Annotate findings correctly on checklist - - - - - Issue standby letters of credit and bank guarantees as per customers' written requests; - - - - - Book transactions relating to issuances, reductions, increases extension etc. into BFM; - - - - - Bill customer for fees and book fees into BFM; - - - - - Ensure that fee payments due are received and booked accurately and that past due items are followed up on; - - - - - Ensure that transactions are posted correctly and, if errors is made, that they are corrected in a timely manner to prevent losses to the bank and the customer; - - - - - Recognize dubious and speculative business / transactions and report to the appropriate people / department; - - - - - Check reconciliation accounts (Nostros and Internal accounts) daily to ensure that there are no outstanding items. - Experience
- - - - - At least 5 years' experience in Trade Finance (SBLCs and guarantees) - - - - - Bachelorette degree in business administration (optional with more than five years of experience) - - - - - Compliance experience (optional) - - - - - Strong knowledge of UCP, URDG, ISP rules - -

Keywords: The Horizon Group, Garland , Credits Administrator, Trade Finance - Contract, Remote, Accounting, Auditing , Garland, Texas

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