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Letter of Credit Administrator (Perm)

Company: Avesta Computer Services
Location: Jacksonville
Posted on: February 16, 2019

Job Description:

Our client a leading global investment bank having its US headquarters in New York, NY has a strong and profitable private clients franchise, Asset Management Division, Corporate and Investment Banking Division.Currently the bank is seeking a Standby Letter of Credit AdministratorOverview: Within GTO Operations, the GTO Loans group is a global organization responsible for the operational support of corporate lending products across the full range of DB lending businesses including Markets and CIB; including the issuance of Stand by Letter of Credit/GTO Loans teams are organized geographically and functionally and align with business and infrastructure partners. The candidate will be responsible for insuring appropriate conformance to UCCs and to approved language and terms for SBLC issuance and risk.Key responsibilities:Functional responsibilities will include but not limited to:

  • Review Credit Agreements for LC language and provide feedback to front office
    • DB as agent and LC Issuer
    • DB as LC issuer only
    • DB as LC participant only
    • Build bilateral deals on LS2/Loan IQ based on Reimbursement Agreements &/or SBLC Agreements
    • Draft & issue standby letters of credit
    • Adherence to Uniform Commercial Codes
    • Adherence to approved DB legal language
    • Book issued letters of credit on LS2/Loan IQ
    • Monitor LCs booked under DB agented deals using detailed spreadsheets
    • Reconcile monthly with other LC issuers for DB agented deals
    • Invoice clients directly for LC fees on Private Wealth deals
    • Work with Bangalore ops team to reconcile SBLC fee payments \Requirements
      • Able to work in fast paced environment
      • Keeping pace with technical innovation and market driven initiatives and maintain a broad understanding of the GTO offering.
      • Education: Bachelor degree or equivalent
      • 5 or more years in the loan industry
        • Stand By Letter of Credit Issuer
        • Deal Administration: Syndications/Agency
        • Knowledge of the workings of a Stand by Letter of Credit
        • Strong desk top skills
          • MS Office (EXCEL/POWERPOINT)
          • LS2 (Loan IQ) preferredResume to com - provided by Dice GTO, Loan Industry experience, Letter of Credit, Deal Administrator

            Keywords: Avesta Computer Services, Jacksonville , Letter of Credit Administrator (Perm), Other , Jacksonville, Florida

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