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Operations Analyst - Level 3 - Hourly

Axelon Services Corporation

Jersey City, NJ

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JOB DETAILS
SKILLS
Accounting, Administrative Skills, Construction, Credit Processing, Credit Reports, Customer Escalations, Documentaries, Finance, Financial Regulations, Internet Service Providers, Mail Processing, Microsoft Office, Money Laundering, Operational Audit, Presentation/Verbal Skills, Publications, Regulations, Regulatory Compliance, Regulatory Requirements, Team Lead/Manager, Technical Drawing, Technical Leadership, Time Management, Transaction Processing/Management, Writing Skills
LOCATION
Jersey City, NJ
POSTED
12 days ago


Job Title: Operations Analyst - Level 3 - Hourly



Location: Jersey City, NJ



Pay Rate: $32.14/hr



Responsibilities:

  • Transaction processing of all Standby letter of credit, Guarantee, and Documentary letter of credit trade finance products 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.
  • Examination of default drawing and direct pay presentations (includes first or second examination function).
  • Processing of written correspondence and verbal communications with internal and external customers associated with the resolution of technical letter of credit construction subject matter and other associated extraordinary processes.
  • Calculating and tracking fees and commissions.
  • Issuance and maintenance of Documentary Letters of credit.
  • Drafting (redlining) technical terms and conditions language to ensure proper construction of standby letters of credit, guarantees, and documentary letters of credit.
  • Reviewing transactions for regulatory compliance and anti-boycott violations.
  • Interacting with various parties of letter of credit transactions to resolve disputes, issuance construction, provide first and second level technical guidance, etc.
  • Perform various administration functions related to the maintenance of letter of credit files.
  • Resolution in a timely manner of inquiries received from internal and external clients, including escalating any potential problems or seeking clarification as appropriate.
  • Ensure that all transactions are completed within the set timeframes/deadlines established by TFO management.
  • Stay current on Trade Finance Guidelines and Regulatory/Legal requirements through reference to related publications, active participation in designated in-house or external training, and on-the-job training.
  • Perform Ad-Hoc tasks as directed by Team Leader/Management.


Minimum Required Qualifications:

  • Standby Letter of Credit technical experience (5-7 years) with 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.
  • Proficiency in Microsoft Office Suite.
  • Familiarity with bank accounting related to trade finance products.


Preferred Qualifications:

  • Standby and Documentary Letter of credit technical experience (10 years plus) with superior knowledge of Uniform Customs and Practices for Documentary Credits (UCP 600), International Standby Practices (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.
  • Proficiency in Microsoft Office Suite.
  • Good written and oral communications skills.
  • Good understanding of drafting technical letter of credit terms and conditions for both standby/documentary credits.

About the Company

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Axelon Services Corporation