LosAngelesRecruiter Since 2001
the smart solution for Los Angeles jobs

Letter of Credit Operations Specialist

Company: Net2Source
Location: El Segundo
Posted on: February 7, 2024

Job Description:

Net2Source Inc. is an award-winning total workforce solutions company recognized by Staffing Industry Analysts for our accelerated growth of 300% in the last 3 years with over 5500+ employees globally, with over 30+ locations in the US and global operations in 32 countries. We believe in providing staffing solutions to address the current talent gap Right Talent Right Time Right Place Right Price and acting as a Career Coach to our consultants


Role: Letter of Credit Operations Specialist I
Work location: El Segundo, CA 90245 (Hybrid)
Duration: 12+ Months

JOB DESCRIPTION
STANDBY Letter of Credit Operations Specialist I

The STANDBY Letter of Credit Operations Specialist I is responsible for supporting all functional activities in the creation, maintenance, review, examination, and payment of Standby Letters of Credit; and any related documents presented under these instruments. This role will support the domestic and international commercial lending product offerings within all designated commercial, retail, and wealth business lines; including by not limited to participated and syndicated loans.

Position Competencies
Successful incumbents possess proven ability to work independently, drive for results, effective, team player, interpersonal savvy, political savvy, conflict resolution, customer focus, effectively deal with ambiguity, decision quality, effective time management and organization skills, and comfort around higher management.

Position Responsibilities:

  • Execute and drive operational excellence
  • Perform services activities to achieve established operation, executive and client target metrics that include:
  • Issue, advise, and amend Standby Letters of Credit.
  • Examine Standby Letters of Credit documents presented for payment in accordance with global/standard banking rules of practice and law to determine payment or refusal.
  • Process payments for Standby Letters of Credit.
  • Support all activities relative to Standby Letter of Credit fees: setup, processing, reconcilement, and research to ensure compliance with accounting and financial policies.
  • Verify and release transactions in accordance with department procedure and within limited approved authority.
  • Support activities relative to work item statuses, document safekeeping, imaging, and update and clear status notes.
  • Image incoming documents and create work item in the Letter of Credit system.
  • Complete work assignments within established service level standards for timeliness and quality.
  • Enhance the Experience
  • Maintain and continually Improve business partner service and customer experience satisfaction for services delivered.
  • Answer clearly and concisely all email and phone inquiries within established service levels.
  • Meet with key clients and customers when assistance is requested.
  • Risk Management
  • Ensure compliance with all respective regulatory requirements and guidelines.
  • Ensure all activities are completed according to established policy and procedures.
  • Ensure adherence to all customer authentication and release of sensitive information policies and procedures in hybrid/remote working environment. Position Qualification
    • Degree in Business, Finance or International Studies, or 4 Years of Commercial Lending, International Finance, Letters of Credit or Commercial Trade Operations experience
    • 2 years of experience with Commercial Lending knowledge including lending documentation
    • 2 years of experience commercial trade or commercial lending systems
    • 2 years of experience with accounting and balancing
    • 2 years of experience customer service and resolution handling
    • 2 years of experience utilizing Microsoft Office products
      Why work with us - At Net2Source, we believe everyone has an opportunity to lead. We see the importance of your perspective and your ability to create value. We want you to fit inwith an inclusive culture, focus on work-life fit and well-being, and a supportive, connected environment; but we also want you to stand outwith opportunities to have a strategic impact, innovate, and take necessary steps to make your mark. We help clients with new skilling, talent strategy, leadership development, employee experience, transformational change management and beyond.

      Equal Employment Opportunity Statement:
      Net2Source is an Equal Opportunity Employer. We believe that no one should be discriminated against because of their differences, such as age, disability, ethnicity, gender, gender identity and expression, religion or sexual orientation. Our rich diversity makes us more innovative, more competitive, and more creative, which helps us better serve our clients and our communities. All employment decisions shall be made without regard to age, race, creed, color, religion, sex, national origin, ancestry, disability status, veteran status, sexual orientation, gender identity or expression, genetic information, marital status, citizenship status or any other basis as protected by federal, state, or local law.

      Awards and Accolades:
      America's Most Honored Businesses (Top 10%)
      Awarded by USPAAC for Fastest Growing Business in the US
      12th Fastest Growing Staffing Company in USA by Staffing industry Analysts in the US (2020, 2019, 2020)
      Fastest 50 by NJ Biz (2020, 2019, 2020)
      INC 5000 Fastest growing for 8 consecutive years in a row (only 1.26% companies make it to this list)
      Top 100 by Dallas Business Journal (2020 and 2019)
      Proven Supplier of the Year by Workforce Logiq (2020 and 2019)
      2019 Spirit of Alliance Award by Agile1
      2018 Best of the Best Platinum Award by Agile1
      2018 TechServe Alliance Excellence Awards Winner
      2017 Best of the Best Gold Award by Agile1(Act1 Group)

      Best Regards,
      Divyansh Srivastava (Divy)
      Sr. Account Manager Enterprise Business

      Net2Source Inc.
      Global HQ Address: 270 Davidson Ave, Suite 704, Somerset, NJ 08873
      Office: (201) 479 3334 - (201) 340 8700 x EXT: 477 - Fax: (201) 221 8131 - Email:
      Web: - Social: - -

Keywords: Net2Source, Los Angeles , Letter of Credit Operations Specialist, Other , El Segundo, California

Click here to apply!

Didn't find what you're looking for? Search again!

I'm looking for
in category
within


Log In or Create An Account

Get the latest California jobs by following @recnetCA on Twitter!

Los Angeles RSS job feeds