Trade Finance Services Specialist II - Lake Oswego OR

Bank of AmericaLake Oswego, OR
Onsite

About The Position

Performs a variety of technical and analytical functions related to trade financing and servicing. Responsibilities include researching, analyzing, and resolving trade documents that require specialized, sensitive, and/or exception handling; evaluating acceptances, issuances, amendments, and negotiations for import/export, standby and government letters of credit and bankers acceptances; reviewing, analyzing and negotiating letters of credit documents; issuing commercial and stand-by letters of credit, amendments, transfers and requests to pay; approving payments, collections and reimbursements. Works under established operating procedures and precedents. Requires a full working knowledge of trade finance operations and documentation. The role is part of the Global Trade Operations group. The position will work under established operating procedures and precedents. Responsibilities include, but are not limited to: Performs a variety of technical and analytical functions related to trade financing and servicing Researches, analyzes, and resolves trade documents that require specialized, sensitive, and/or exception handling Evaluates issuances, amendments, and negotiations for export letter of credit payment requests Provides client servicing for both Export Letter of Credit clients Provides client servicing and operational support for extended processing teams/sites Prepares and reconciling daily and monthly reports; accurate capturing of production volumes. Works under established operating procedures and precedents.

Requirements

  • Demonstrated excellent communications and workflow management skills
  • Must have prior/current Client servicing experiencing
  • General ability to use office applications such as Word, Excel , and PowerPoint
  • Ability to work in a team environment as well as independently with little supervision
  • Excellent communication skills (both verbal & written) and active listening skills
  • Strong mathematic/accounting skills
  • 3-5 years of experience
  • 1-3 years Trade experience preferred

Nice To Haves

  • Experience with letters of credit and familiarity with UCP 600 a plus
  • Knowledge of trade finance operations and documentation highly desired

Responsibilities

  • Performs a variety of technical and analytical functions related to trade financing and servicing
  • Researches, analyzes, and resolves trade documents that require specialized, sensitive, and/or exception handling
  • Evaluates acceptances, issuances, amendments, and negotiations for import/export, standby and government letters of credit and bankers acceptances
  • Reviews, analyzes and negotiates letters of credit documents
  • Issues commercial and stand-by letters of credit, amendments, transfers and requests to pay
  • Approves payments, collections and reimbursements
  • Evaluates issuances, amendments, and negotiations for export letter of credit payment requests
  • Provides client servicing for both Export Letter of Credit clients
  • Provides client servicing and operational support for extended processing teams/sites
  • Prepares and reconciling daily and monthly reports; accurate capturing of production volumes
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