Our client, a global bank based in central London, is looking for an experienced Documentary Credits Co-ordinator to join their London team on a 12 month Fixed Term Contract basis.
Daily activities:
- Process all aspects of advising New L/C’s including seeking FI approval, checking workability of L/C’s and ensuring required SLA’s are met.
- Process amendments as required.
- Ensures that documents under letters of credit are first checked so that a response can be given within agreed turnaround times.
- Ensures that any discrepancies in the documents presented are referred to the customer/beneficiary/presenting bank within 3 working days or sooner if required.
- Effects payments/acceptances under letters of credit and deals with the disposal of the documents, (including discounting where necessary).
- Effects payments under letter of credit reimbursement authorities.
- Responds promptly to all payment related queries and enquiries
- Other duties; including processing Import L/C’s and Documentary Collections, (Export/Import).
- Assist with any other Trade Services related roles as required by the Manager, Trade Services or Head of Trade Services.
Experience/Knowledge:
- Approx 1-3 years’ experience in a similar trade finance role
- Understanding of Letters of Credit
- Doc checking experience.
- LC’s experience within a UK based bank
Benefits of this FTC position:
- Pension
- private medical insurance
- 25 days holiday