This hourly (non-exempt) position is responsible for performing all functions related to import, export, and standby letters of credits and processing purchase order and accounts receivable financing based on approved government programs.

DUTIES & RESPONSIBILITIES:

Standby Letters of Credit* - prepare, review and approve sample language for standby letters of credit requests. Issue, amend, examine documents and pay standby letters of credits using the Express Trade software. Issue direct pay letters of credit and process interest/ principal draws and billings. Investigate and resolve issuance problems, as well as customer inquiries.

Import Letters of Credit* - Issue, amend, examine documents and pay import letters of credit. Process air releases, collections and steamship guarantees using the Express Trade software.

Export Letters of Credit* - Advise, amend, examine documents and pay export letters of credits, confirmed letters of credits, and discounts using the Express Trade software.

*The above are processed in accordance with the Uniform Customs and Practices for Documentary Credits, International Chamber of Commerce Publication 500 and 600 (UCP 500 and UCP600), International Standby Practices (ISP98) and International Standard Banking Practices (ISBP).

Issue, amend, accept and pay incoming and outgoing documentary collections, using the Express Trade software and in accordance with the Uniform Rules for Collections, Publication 522 (URC522).

Process advances and settlements under the CPO (Confirmed Purchase Orders), IME (Instant Money for Exports), SBA (Small Business Administration) and Exim Guaranteed EWCP. Send and release payment tracers. With granted authority, approve/release the above transactions.

Monitor and update client insurance policies and update Express Trade with insurance details. When needed pay fees, file claims, collect premium reports and collect premium fees for the insurance policy.

Work on Express Trade software testing to simplify processes.

Retrieve, create, send, and release messages using the SWIFT system.

Reconcile entries posted to the Jack Henry DDA, G/L and commercial loan system.

Verify that transactions processed comply with the U.S. Treasury and U.S. Commerce Departments' regulations.

Create wire transfers using the Cash$Trac system.

Audit and archive expired files.

Work on special projects within the department.

Follow-up and resolve pending tickler items.

Handle incoming queries and communications from both internal and external clients. Be knowledgeable about all trade finance products, so as to identify customer's need .

Filing and other miscellaneous duties as assigned.

QUALIFICATIONS:

Bachelor's Degree or equivalent experience preferred.

5 years previous trade finance experience strongly preferred.

Prior experience working with International Trade (such as banking, freight forwarder, customs house broker, credit insurance underwriting) a plus. Certificate for Documentary Credit Specialist (CDCS), a plus and preferred.

Excellent verbal and written communication skills, organizational skills, good time management skills and professional presentation are required.

Ability to work independently and be detail oriented and analytical.

Must have an above average understanding of various computer applications including, but not limited to: Excel spreadsheets, word processing, internet, on-line banking systems (a plus), and a limited knowledge of databases. The ability to learn new systems quickly and adapt to the environment are a plus.

Typical hours are Monday through Friday 8am to 5pm.

First American Bank is an Equal Opportunity Employer (Minorities/Females/Disabled/Veterans).