Letter of Credit Specialist - Los Angeles, CA

Zions Bancorporation•Los Angeles, CA

16h

About The Position

Zions Bancorporation is hiring a Letter of Credit Specialist in Los Angeles, California. 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 appropriate credit approval and receipt of required documentation, advises customers on Export Letters of Credit, reviews documents presented under Letters of Credit for compliance, and pays as directed. The specialist also 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. 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 within 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, Letters of Credit and related documents, collections, compliance regulations, SWIFT, and FedWIRE. Strong customer service, communication, interpersonal, analytical, and problem-solving skills are needed, along with accuracy and attention to detail in a deadline-driven, multitask-oriented environment. Advanced computer experience, including Microsoft Word, Excel, Outlook, and PowerPoint, is required.

Requirements

High school degree or equivalent.
At least two 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 facilitate revenue generation and business development.
Issue Standby and Commercial Letters of Credit following 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 on all products.
Provide customers and branch personnel with guidance 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 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 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.