Job Information
ManpowerGroup Letter of Credit Analyst in New York, New York
Our client is seeking a Letter of Credit Analyst to join their team. The LOC Analyst will have the following top skills:
Able to review and interpret Reimbursement Agreements, Credit Agreements, and Credit Applications
Ability to issue Standby LCs in SWIFT and WORD format
Working knowledge of 700 SWIFT series (799, 760, 700)
Working knowledge of UCP and ISP regulations
Familiarity with Evergreen LCs and Direct Pay LCs (Monthly Draws)
Job Description :
Letters of Credit Analyst
Hybrid 1-2 days/week JC
45-55/hr
Overview
We are seeking a Trade Credit Services Analyst to support a middle office function by actively reviewing approved credit applications, reimbursement agreements, and supporting documentation for issuance of standby letters of credit in bi-lateral and syndicated transactions. Able to read and interpret credit agreements, support software processes, has an understanding of Loan IQ (the Bank’s loan booking system), and can communicate via telephone with a variety of people including customers, banks, and client executives.
Responsibilities
Complete coordination, review, and system (LIQ) input of assigned new deals and amendments
Ensure banks books accurately reflect the intentions of the credit agreement and credit approval
Accurately issue, process and book standby letters of credit
Provide our lending services to our customers and maintain accurate dat
Reimbursement Agreements, Credit Agreements and Credit Applications
Able to read and interpret reimbursement agreements, credit agreements, and approved credit applications
Complete assigned projects generally to address workflow or business related matters
Adhere to internal and external regulatory policies and procedures
Qualifications
Able to review and interpret Reimbursement Agreements, Credit Agreements, and Credit Applications
Ability to issue Standby LCs in SWIFT and WORD format
Working knowledge of 700 SWIFT series (799, 760, 700)
Working knowledge of UCP and ISP regulations
Familiarity with Evergreen LCs and Direct Pay LCs (Monthly Draws)
Follow instructions very well; detail-oriented
Understand all aspects of deal/loan administration functions and tasks
Use of LIQ preferred, but not required, or like loan/letter of credit system
Construct and amend bilateral and syndicated deal structures
Trouble-shoot basic structure/loan related functional problems/issues
If this is a role that interests you and you’d like to learn more, click apply now and a recruiter will be in touch with you to discuss this great opportunity. We look forward to speaking with you!
About ManpowerGroup, Parent Company of: Manpower, Experis, Talent Solutions, and Jefferson Wells
ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, Talent Solutions, and Jefferson Wells – creates substantial value for candidates and clients across more than 75 countries and territories and has done so for over 70 years. We are recognized consistently for our diversity - as a best place to work for Women, Inclusion, Equality and Disability and in 2022 ManpowerGroup was named one of the World's Most Ethical Companies for the 13th year - all confirming our position as the brand of choice for in-demand talent.
ManpowerGroup is committed to providing equal employment opportunities in a professional, high quality work environment. It is the policy of ManpowerGroup and all of its subsidiaries to recruit, train, promote, transfer, pay and take all employment actions without regard to an employee's race, color, national origin, ancestry, sex, sexual orientation, gender identity, genetic information, religion, age, disability, protected veteran status, or any other basis protected by applicable law.