Stand by Letter of Credit Administrator

  • Negotiable
  • Jacksonville, FL, USA
  • Permanent, Full time
  • Michael Page International - US
  • 20 Oct 18

Within GTO Operations, the GTO Loans group is a global organization responsible for the support of corporate products across a full range of lending businesses including Markets and CIB; including the issuance of Standby Letters of Credit/GTO Loans teams are organized geographically and functionally and align with business and infrastructure partners.

Our client is a leading, global investment bank.

Description

The ideal Stand by Letters of Credit Administrator will be responsible for:

  • Review Credit Agreements for LC language and provide feedback to front office
    • They act as agent and LC Issuer
    • They act as LC issuer only
    • They act 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

Profile

The ideal Stand by Letters of Credit Administrator will have:

  • 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) preferred

Job Offer

A Stand by Letters of Credit Administrator will receive a competitive annual base salary with benefits in Jacksonville, FL.