Letter of Credit Specialist - Los Angeles, CA

Zions Bancorporation•Los Angeles, CA

1d•$24 - $36

About The Position

Zions Bancorporation is hiring a Letter of Credit Specialist in Los Angeles, California. The role handles day-to-day processing of Letter of Credit, Collection, and Trade Finance transactions to support revenue generation and business development. Depending on assigned duties, the specialist may issue standby and commercial letters of credit following credit approval and receipt of required documentation, advise customers on export letters of credit, examine documents presented under letters of credit for compliance, and arrange payment as directed. The role also monitors standby letter-of-credit auto-renewals, processes trade finance loans and fees, counsels customers and branch personnel on product and process matters, enters transactions into the trade finance system, and assists with reporting. The position requires a high school degree or equivalent and at least two years of related international trade or letter-of-credit operations experience in a financial institution, or other directly related experience. A combination of education and experience may meet the requirements. The specialist needs advanced knowledge of trade finance transactions, letters of credit, collections, compliance regulations, SWIFT, and FedWIRE, along with strong customer service, communication, interpersonal, analytical, and problem-solving skills. The role requires accuracy and attention to detail in a deadline-driven, multitasking environment, as well as advanced computer experience with Microsoft Word, Excel, Outlook, and PowerPoint.

Requirements

High school degree or equivalent; a combination of education and experience may meet job requirements.
At least 2 years of related international trade and/or letter-of-credit operations experience within a financial institution, or other directly related experience.
Advanced knowledge of trade finance transactions, letter-of-credit issuance and documents, collections, and compliance regulations.
Advanced knowledge of SWIFT and FedWIRE transactions.
Excellent customer service, communication, and interpersonal skills to interact effectively with clients and all levels of Bank personnel.
Advanced analytical and problem-solving skills.
Detail-oriented and accurate in a deadline-driven, multitask-oriented environment.
Advanced computer experience, including Microsoft Word, Excel, Outlook, and PowerPoint.

Responsibilities

Process day-to-day Letter of Credit, Collection, and Trade Finance transactions to facilitate revenue generation and business development.
Issue standby and commercial letters of credit after proper credit approval and receipt of required application documentation, as assigned.
Advise customers on export letters of credit, as assigned.
Examine documents presented under letters of credit for compliance with terms and conditions, and pay as directed.
Monitor standby letter-of-credit auto-renewals.
Process trade finance loans and fees across products.
Counsel customers and branch personnel on technical aspects of products and processes.
Input transactions into the trade finance system.
Assist with reporting as needed.
Perform other duties as assigned.

Benefits

Medical, dental, and vision insurance starting day one.
Life and disability insurance.
Paid parental leave and adoption assistance.
Health Savings Account, Flexible Spending Account, and dependent care accounts.
Paid training and paid time off.
11 paid federal holidays and applicable state holidays.
401(k) plan with company match.
Profit sharing.
Competitive compensation based on work experience.
Mental health benefits, including coaching and therapy sessions.
Tuition reimbursement for qualifying employees enrolled in an accredited degree program related to business needs, up to $5,250 per calendar year; employees are eligible upon hire.
Employee Ambassador preferred banking products.