Letter of Credit Specialist - Los Angeles, CA
About The Position
As a premier California-focused financial services company dedicated to serving its communities, families, and businesses (small, mid-sized and large), CB&T has been active for 70 years and has more than 80 full-service branch offices across the state. This dedication has helped the bank earn recognition as a perennial powerhouse in yearly voting for “Best Bank” and “Best Commercial Bank” from the readers of San Diego Union-Tribune and Orange County Register . Additionally, as a division of Zions Bancorporation, the bank has collected multiple Greenwich Excellence Awards for “Overall Client Satisfaction” in Small Business & Middle Market Excellence Awards. We are looking for Letter of Credit Specialist to play a key role in global trade finance! If you thrive in a fast-paced environment and have expertise in Letters of Credit, SWIFT, and compliance, this is your chance to make an impact.
Requirements
- Requires a high school degree or equivalent and 2+ year 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.
- Proficient knowledge of trade finance transactions, letter of credit issuance and documents, collections and compliance regulations.
- Working knowledge of and understands SWIFT and FedWIRE transactions.
- Strong customer service, communication and interpersonal skills in order to interact effectively with clients and all levels of Bank personnel.
- Advanced analytical and problem solving skills.
- Must be detail-oriented and accurate in a deadline-driven, multitask-oriented environment.
- Advanced computer experience required, e.g.. Microsoft Word, Excel, Outlook and PowerPoint.
Responsibilities
- Responsible for day-to-day processing of Letter of Credit, Collection and Trade Finance transactions to facilitate revenue generation and business development.
- Responsible for one or more of the following; Issuance of Standby and Commercial Letter(s) of Credit upon proper credit approval/receipt of required application documentation, advising Export Letter(s) of Credit to customers, examines documents presented under all types of L/C's for compliance to terms/conditions and pays as directed.
- Monitors Standby Letter(s) of Credit auto renewal(s).
- Processes Import/Export Documentary Collections, Trade Finance Loans and fees on all products.
- Provides counsel to customers/branch personnel on technical aspects of products/processes.
- Input(s) all transactions into the trade finance system.
- Assists with reporting as needed.
- Other duties as assigned.
Benefits
- Medical, Dental and Vision Insurance – START DAY ONE!
- Life and Disability Insurance, Paid Paternal Leave, and Adoption Assistance
- Health Savings (HSA), Flexible Spending (FSA), and dependent care accounts
- Paid Training, Paid Time Off (PTO), and 11 Paid Federal 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
- Employee Ambassador preferred banking products
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
Number of Employees
5,001-10,000 employees
