What are the responsibilities and job description for the Operations Analyst position at Axelon Services Corporation?
Job Title: Operations Analyst - Level 3 - Hourly
Location: Jersey City, NJ
Pay Rate: $32.14/hrResponsibilities:
- Transaction processing of all Standby letter of credit, Guarantee, and Documentary letter of credit trade finance products.
- Issuance and maintenance of standby letters of credit.
- Advising/Confirming and maintenance of standby letters of credit.
- Examination of default drawing and direct pay presentations.
- Processing written correspondence and verbal communications with internal and external customers.
- Calculating and tracking fees and commissions.
- Issuance and maintenance of Documentary Letters of credit.
- Drafting technical terms and conditions language for standby letters of credit, guarantees, and documentary letters of credit.
- Reviewing transactions for regulatory compliance and anti-boycott violations.
- Interacting with various parties to resolve disputes and provide technical guidance.
- Performing various administration functions related to the maintenance of letter of credit files.
- Resolving inquiries from internal and external clients in a timely manner.
- Ensuring all transactions are completed within established timeframes.
- Staying current on Trade Finance Guidelines and Regulatory/Legal requirements.
- Performing Ad-Hoc tasks as directed by Team Leader/Management.
- 5-7 years of Standby Letter of credit technical experience.
- Knowledge of UCP 600, ISP98, and familiarity with Uniform Commercial Code Article 5.
- Working knowledge of AML, OFAC, and U.S. Anti-boycott regulations.
- Proficiency in Microsoft Office Suite.
- Familiarity with bank accounting related to trade finance products.
- 10 years of Standby and Documentary Letter of credit technical experience.
- Superior knowledge of UCP 600, ISP98, and familiarity with Uniform Commercial Code Article 5.
- Exposure to an automated letter of credit processing environment.
- Good understanding of AML and OFAC Compliance regulations.
- Good understanding of Letter of credit contingent and fee accounting.
- Proficiency in Microsoft Office Suite.
- Good written and oral communications skills.
- Good understanding of drafting technical letter of credit terms and conditions.
Salary : $32