Letter Of Credit Specialist Consulting Position

  • New York, NY
  • Posted 1 day ago | Updated 7 hours ago

Overview

On Site
Accepts corp to corp applications
Contract - Independent
Contract - W2

Skills

Finance
Attention To Detail
Invoices
UPS
Organized
Reporting
Collaboration
Application Support
Corporate Banking
Front Office
Banking
Financial Services
ISP
Regulatory Compliance
Microsoft Office
Communication
Documentation
Management

Job Details

Location: New York, NY 10019

Hybrid onsite - 3 days a week onsite and 2 days remote

We are seeking a Senior Letter of Credit Specialist for a long-term consulting engagement with a major financial institution. The ideal candidate will have a strong background in trade finance, especially in standby and commercial letters of credit. This role offers a hybrid work schedule based in Midtown Manhattan and requires a high level of attention to detail, documentation skills, and client coordination.

Key Responsibilities (Initial Phase):

  • Process daily invoices received from overseas branches or correspondent banks.

  • Prepare and send invoices to customers, and track responses/follow-ups as needed.

  • Enter standby/commercial letter of credit (LC) transactions into ACBS.

  • Maintain organized LC files with all relevant documentation, including executed LCs, amendments, and compliance checklists.

  • Coordinate with the Reconciliation team to ensure timely reporting of overdue items.

  • Provide daily updates to overseas branches or correspondent banks.

  • Scan and archive daily processed work related to both standby and documentary LC operations.

Internal Collaboration:

  • Work closely with the Control & Reconciliation Team and Corporate Banking Front Office.

Future Responsibilities May Include:

  • Ensure all LC transactions comply with UCP 600, ISP98, and internal compliance procedures.

  • Assist clients and internal teams on technical matters related to letters of credit.

  • Prepare and process LC documentation using Tiger, MS Word, or ACBS.

  • Resolve inquiries and discrepancies in a timely manner through effective follow-up and correspondence.

  • Disburse funds for LC drawings and ensure accurate transaction recording in ACBS.

  • Establish and maintain LC authorizations based on ALTAR closing requests.

Key Internal Contacts:

  • CBO Control & Reconciliation

  • IT Application Support

  • Compliance

  • Corporate Banking Front Office

Qualifications:

  • Proven experience handling letters of credit in a banking or financial services environment.

  • Strong understanding of UCP 600, ISP98, and LC compliance processes.

  • Hands-on experience with systems such as ACBS, Tiger, and Microsoft Office tools.

  • Excellent organizational, communication, and documentation skills.

  • Ability to manage multiple transactions and deadlines in a high-volume, detail-driven environment.

Employers have access to artificial intelligence language tools (“AI”) that help generate and enhance job descriptions and AI may have been used to create this description. The position description has been reviewed for accuracy and Dice believes it to correctly reflect the job opportunity.

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