Summary

The Letters of Credit Specialist is responsible for administrative tasks necessary to support the bank’s standby and commercial letters of credit portfolio, specifically the issuance, confirmation, and advising standby and commercial letters of credit.

Key Responsibilities

• Ensure that letter of credit transactions are in conformity with customer and issuing bank’s instructions, UCP Publication 600/ISP98, Credit Agricole credit and regulatory procedures                                                                                                                                • Ensures the timely processing of sensitive transactions and reports to management any unusual or intricate transactions requiring review, discussion and or approval

• Provide assistance/support to customers and corporate groups on technical aspects and practices of letters of credit  

• Enter transactions for standby/commercial letters of credit in ACBS

• Monitor pending inquiries, discrepancies and resolution of documents filed, ensure that all items are actively traced via correspondence with respective parties, tickler schedule and actively follow-up until payment is secured and transaction is finalized

• Maintains up to date file containing copy executed letter of credit, amendments and supporting documentation

• Ensure timely disbursement of funds, as required, and the processing of transactions through Credit Agricole systems for accurate accounting

Key External contacts

Issuing Banks

Customers

Compliance and Regulatory Contacts