Letter of Credit Specialist- In-Office Houston, TX

Zions Bancorporation • Houston, TX

15h • Onsite

About The Position

Zions Bancorporation is hiring an in-office Letter of Credit Specialist in Houston, Texas. The role processes Letter of Credit, Collection, and Trade Finance transactions to facilitate revenue generation and business development. Depending on assigned responsibilities, the specialist issues standby and commercial letters of credit after credit approval and receipt of required application documents, advises customers on export letters of credit, examines documents presented under letters of credit for compliance with terms and conditions, and pays as directed. The specialist monitors standby letter-of-credit auto renewals, processes trade finance loans and fees, advises customers and branch personnel on product and process requirements, enters transactions into the trade finance system, and assists with reporting. Other duties may be assigned.

The position requires a high school degree or equivalent and at least two years of related international trade and/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. Candidates should have advanced knowledge of trade finance transactions, letter-of-credit issuance and documents, collections, compliance regulations, SWIFT, and FedWIRE transactions. Strong customer service, communication, interpersonal, analytical, and problem-solving skills are needed, along with accuracy and attention to detail in a deadline-driven, multitasking environment. Advanced computer experience with Microsoft Word, Excel, Outlook, and PowerPoint is required.

Zions describes itself as a financial services company operating through local banks in western markets and emphasizes its community relationships and employee opportunities. Benefits include medical, dental, and vision insurance beginning on day one; life and disability insurance; paid parental leave and adoption assistance; health savings, flexible spending, and dependent care accounts; paid training and paid time off; paid federal and applicable state holidays; a 401(k) plan with company match; profit sharing; competitive compensation; mental health coaching and therapy; tuition reimbursement for qualifying employees; and preferred banking products.

Requirements

• High school degree or equivalent.
• At least 2 years of related international trade and/or letter-of-credit operations experience within a financial institution, or other directly related experience.
• A combination of education and experience may meet job requirements.
• 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 support revenue generation and business development.
• Issue standby and commercial letters of credit after appropriate credit approval and receipt of required application documentation.
• Advise customers on export letters of credit.
• 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.
• Provide guidance to customers and branch personnel on technical aspects of products and processes.
• Enter transactions into the trade finance system.
• Assist with reporting as needed.
• Perform other duties as assigned.

Benefits

• Medical, dental, and vision insurance starting on day one.
• Life and disability insurance.
• Paid parental leave and adoption assistance.
• Health savings, flexible spending, 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 in line with 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.
• Employee Ambassador preferred banking products.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED