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Letter of Credit Operations

Jersey City, NJ
INTERMEDIA GROUP, INC. has the following opening:
JOB TITLE: Commercial Letter of Credit Operations (Trade Finance a plus)
LOCATION: Jersey City, NJ
TYPE: contract
DURATION: 3-6 Months 
  • The incumbent is responsible for processing transactions related to Commercial Letters of Credit/Supply Chain/Bank to Bank Reimbursements/Collections, which includes:
  • issuance;
  • amendment;
  • advice;
  • confirmation;
  • transfer;
  • assignment;
  • US compliance regulation checks/data entry; and
  • acceptances/payments, Reimbursement Authorizations/claims. 
  • To assist the Section in achieving its planned objectives, the incumbent is assigned to the following Functions:
  • LC Documents Registration/ Reimbursement Authorization Set-ups
  • Transaction Processing,
  • Transaction Control, and
  • Investigation. 

Document Registration/Reimbursement Authorization Set up:
  • Register incoming Letter of Credit documents/claims and reconcile against mailroom log the same day and reconcile against the Infopac reports on the following day.
  • Prepare cover letters to out- going shipping documents and ensuring all endorsements are done, and reconciled against courier log.
  • Register and reconcile all incoming reimbursement authorizations and claims received from Mail Room and proper data entries are made in the System. 
  • Perform compliance checks for OFAC, EAR, Anti-boycott, BSA AML and JFEL (Japanese Foreign Exchange Laws) /Redflags/vessels/shipping lines/ports/country violations relating to trade finance documents/claims/transactions. 
Transaction Processing:
  • Prepare cables to issuing or negotiation bank;
  • requesting a waiver for discrepancies, or
  • notifying status of discrepant documents. or
  • Reimbursement claim processing/ investigations.
Perform required follow-up activities; ensuring identified issues are resolved within prescribed timeframes.
Prepare cover letters for the documents as required. 

Transaction Control:
  • Contact the customers, obtaining the necessary instruction for pending discrepant documents. Provide the supervisor or account officers with the status of long pending items. 
  • Respond to inquiries received from customers/Relationship Managers and issuing/negotiating banks regarding pending documents/transactions. Ensure timely responses and follow-ups are done. 
  • 1-2 years of LC/Trade Finnce experience, good PC Skills.
  • Knowledge of Import and Export, Compliance and or International Trade operations is a plus 
  • High school graduate or Equivalent is required 
  • Some College level courses or degree is preferred.
  • Any training or certificates of completion of Compliance training or experience in US compliance regulations is preferred and considered a plus
If you are interested in pursuing this opportunity, please respond back and include the following:
• Full MS WORD Resume
• Current and required compensation
• Current contact information
• Availability
Upon receipt, one of our managers will contact you to discuss the position in full detail.
Zeke Goulbourne
​​​​​​​Intermedia Group
Corporate Web Site: www.intermediagroup.com

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