Letter of Credit Specialist- In-Office Houston, TX

Zions Bancorporation • Houston, TX

1d • Onsite

About The Position

Zions Bancorporation is seeking a Letter of Credit Specialist in Houston, Texas. The specialist processes Letter of Credit, Collection, and Trade Finance transactions to facilitate revenue generation and business development. Responsibilities may include issuing standby and commercial Letters of Credit after credit approval and receipt of required documentation, advising customers on Export Letters of Credit, examining documents for compliance with Letter of Credit terms and conditions, and arranging payment as directed. The role also monitors standby Letter of Credit auto-renewals, processes Trade Finance loans and fees, advises customers and branch personnel on product and process matters, enters transactions into the trade finance system, and assists with reporting. The position is in-office.

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.
• Issue standby and commercial Letters of Credit upon proper 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 counsel to customers and branch personnel on technical aspects of products and processes.
• Enter all 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 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 in line with work experience.
• Mental health benefits, including coaching and therapy sessions.
• Tuition reimbursement for qualifying employees 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.

What This Job Offers

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