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Letter of Credit Operations Manager

Company: Trustmark National Bank
Location: Jackson
Posted on: November 25, 2022

Job Description:

Overview:The purpose of this job is to issue and maintain all of the Letters of Credit for the entire Trustmark system as well as assist the International Banking Manager with all processes and procedures related to International productsResponsibilities:Cross-train, lead and develop team of associates to promote maximum productivity, engagement, succession planning and overall contribution to the strategic organizational goals.Issue, renew, and amend all types of Letters of Credit in manual environment.Assist lenders and their support staff with all matters relating to Letters of Credit.Provide training for new hires in the position of International /Letter of Credit Specialist and Sr. International/Letter of Credit Specialist.Perform all aspects of weekly, monthly and quarterly reconcilements for manual subsidiaries, BRIDGE Finance, loan system. Prepare all reports for letters of credit accurately and in a timely manner.Provide backup for Manager and other staff during vacations and peak periods.Examine all documents presented for payment under all types of letters of credit, determine compliance and process payment.Create and release SWIFT messagesResponsible for day-to-day coaching, training, cross-training and directing the workflow for department associatesPerform additional duties as assigned.Qualifications:Junior college/two-year college trainingMinimum 15 years of Letter of Credit experienceKnowledge of foreign currencies and exchange ratesKnowledge of rules and regulations regarding Letters of Credit and foreign transactionsKnowledge of commercial loansKnowledge of loan documentationKnowledge and complete understanding of UCP, ISP98, URC522, AML, OFACTime management principles to prioritize workloadStrong math skillsAttention to detail and accuracyProficient in Excel, Word, Keyboard and calculatorOral and written communication skillsAutomation and merger experience preferred.

Keywords: Trustmark National Bank, Jackson , Letter of Credit Operations Manager, Executive , Jackson, Mississippi

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