Letters of Credit Operations Specialist
21 days ago
Jersey City
Job DescriptionLetters of Credit Operations AnalystJob at a Glance • Title: Trade Finance Operations – Letters of Credit, • Location: Jersey City, NJ, • Contract: W2 only, 12 month initial contract with potential for extension or conversion to full time with either the client or CEI, • Pay: $30.00-33.00/hour + optional medical, dental, vision, 401(k) matchOverviewThis role supports Trade Finance Operations with a focus on Letters of Credit, including standby, guarantees, and documentary credits. The position operates within an established operational model and requires strong technical expertise, regulatory awareness, and stakeholder communication in a mandatory RTO environment.Key Responsibilities, • Transaction processing of all Standby Letter of Credit, Guarantee, and Documentary Letter of Credit trade finance products offered by the client within the operational model in place at any given time, • Issuance and maintenance of standby letters of credit, • Advising/Confirming and maintenance of standby letters of credit, • Issuance and maintenance of Documentary Letters of Credit, • Examination of default drawing and direct pay presentations (first or second examination function), • Drafting (redlining) technical terms and conditions to ensure proper construction of standby letters of credit, guarantees, and documentary letters of credit, • Interacting with various parties to resolve disputes, issuance construction, and provide first- and second-level technical guidance, • Processing written correspondence and verbal communications with internal and external customers related to technical letter of credit construction and extraordinary processes, • Timely resolution of inquiries from internal and external clients, including escalation or clarification as appropriate, • Reviewing transactions for regulatory compliance and anti-boycott violations, • Calculating and tracking fees and commissions, • Performing administration functions related to maintenance of letter of credit files, • Ensuring transactions are completed within timeframes/deadlines established by TFO management, • Staying current on Trade Finance Guidelines and Regulatory/Legal requirements through publications and training, • Performing ad-hoc tasks as directed by Team Leader / ManagementRequired Skills, • Standby Letter of Credit technical experience (5–7 years), • Knowledge of Uniform Customs and Practices for Documentary Credits (UCP 600), International Standby Practices (ISP98), and familiarity with Uniform Commercial Code Article 5, • Working knowledge of AML, OFAC, and U.S. Anti-boycott regulations, • Microsoft Office Suite, • Familiarity with bank accounting related to trade finance productsPreferred Skills, • Standby and Documentary Letter of Credit technical experience (10+ years), • Superior knowledge of UCP 600, ISP98, and familiarity with Uniform Commercial Code Article 5, • Exposure to an automated letter of credit processing environment, • Good understanding of AML and OFAC compliance regulations, • Good understanding of letter of credit contingent and fee accounting, • Microsoft Office Suite, • Good written and oral communication skills, • Strong understanding of drafting technical letter of credit terms and conditions for both standby and documentary creditsWhy Should I Apply?This role offers the opportunity to work on complex trade finance products while applying deep technical expertise in letters of credit. Join a team where precision, regulatory knowledge, and operational excellence are critical to success.About CEIAs a trusted technology partner, CEI delivers solutions that help our customers transform their business and achieve meaningful results. From strategy and custom application development through application management - our technology and digital experience services are tailored to meet each unique need of our customers. Our staffing solutions bring specialized skills to complement our customers' workforce and project requirements. #ZR #INDGEN