Trade Services Specialist

New York, NY 10005

Posted: 01/11/2019 Industry: Analyst Job Number: 3594348
All aspects of drafting, issuing and amending Standby Letters of Credit and processing payments for syndicated credit lines and be familiar with the different Syndication/Participation functions acting as Agent Bank, an Issuing Bank, or a Participant Bank. Insuring appropriate conformance to UCCs and to approved language and terms for SBLC issuance and risk. Review of Credit Agreements for LC language and provide feedback to front office Perform operational restructure of Syndicated credit lines Payoffs and Rebooking according to new Term Sheet and send notifications to Participant Banks. Review and release participation bought and create shadow records in our systems to reflect the banks Pro-Rata shares. Perform quarterly billing and disburse funds received from the customer for Quarterly fees to participant banks and reconcile suspense accounts. Review term sheets, updating loan system with all necessary information and inputting manual batches. Adhere to Banks policies and procedures and ensure there is no credit exposure to the bank. Process applications and amendments for standby L/Cs in accordance with UCP600/ISP 98 and government regulations on Boycott, OFAC and Anti-Money Laundering. Have strong communication skills both verbal and written. Participate in User Acceptance Testing for new systems and enhancements. Qualifications: 5 or more years in the loan industryo Stand By Letter of Credit Issuero Deal Administration: Syndications/Agency End-to-end SBL/C expertise required; Knowledge of the workings of a Stand by Letter of Credit Experience in commercial credits, a plus Strong desk top skillso MS Office (EXCEL/POWERPOINT) Must have strong knowledge of Microsoft Excel including macros, Word. Thorough understanding and Knowledge of UCP500/600, ISP98, Boycott and OFAC regulations and Anti-Money Laundering. UCC Article 5 strongly desired LS2 (Loan IQ) preferred Prior experience with SWIFT useful, but not required. Proven verbal, written and presentation communication skills. Overtime may be necessary, but will be minimal.

James Donovan
Manager, Strategic Accounts

James has been going the extra mile for both candidates and clients since joining The Panther Group in 2009. When not at work, he spends his time having adventures with his two sons.

Fun Fact: James once had to shave his head when he lost a wager with a former Panther colleague that the Bruins would beat the Canadians in the playoffs.

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