Role details

This position is now filled

Letters of Credit Analyst (Trade Finance)

Stamford   •  Permanent

Bullet points

  • Letter of Credit Analyst - Urgent Hire!
  • Global Commodity Merchant Seeks Operational Professional

About Our Client

Our client is a globally recognized and reputable Merchant Commodity Trading and Investment Firm. Based in Fairfield County, CT, our client is a leader in the financial services industry and rapidly growing. With offices across the US, Europe, Asia and South America, this firm totals over 500+ employees worldwide.

A upbeat and lively culture, our client is filled with experience and hard working professionals.

Job Description

The Analyst coordinates with external counterparts, credit, banks, internal operations and management to ensure the timely receipt, issuance and closure of L/Cs and other forms of collateral for efficient transaction settlement and credit coverage. Communicate with issuing, advising and confirming banks to successfully negotiate L/Cs and review documents against L/C for accuracy to ensure strict compliance with the L/C and underlying deal contract terms. The Analyst also assists in monitoring the company's settlement exposure to its counterparties as part of the L/C process.


  • Maintain the status of L/C and title document tracking and monitoring systems, while ensuring timely and accurate L/C issuances, receipts, amendments and cancellations.
  • Assist in reviewing, evaluating and negotiating L/C terms and conditions with counterparts and banks to ensure compliance with internal policies and business requirements.
  • Assist in coordinating daily Letter of Credit activities relating to L/C and collateral requirements with Credit, Operations and Trade Finance.
  • Assist Credit in monitoring credit exposure to customers and countries, including reviewing net accounts receivable/accounts payable exposure and mark-to-market exposure
  • Maintain orderly files of L/C documentation and produce periodic bank and management reports
  • Reconcile issued L/Cs and associated fees with syndicate banks.

The Successful Applicant

  • Bachelor's degree, preferably in Finance, Business Administration, Economics or Accounting
  • 1+ years of L/C, Trade Finance, or equivalent operational experience, preferable in the credit, trade finance, or finance department of a commodity trading firm, commercial bank, or similar f
  • Knowledge and relevant utilization of the International Chamber of Commerce Rules and Regulations governing trade finance products, ISP 98 and UCP 600.
  • Ability to prioritize and handle a number of detail oriented transactions under firm deadlines in a fast paced environment
  • Ability to analyze complex documents and report findings to management
  • Ability to follow through, seek help when necessary and alert management as needed
  • Excellent communication and interpersonal skills, ability to write clearly and concisely
  • Ability to work in a trading culture and communicate effectively with banks, credit and operations
  • Proficiency with MS Office Suite (Word, Excel - including pivot tables, PowerPoint & Outlook).
  • Familiarity with Commodity XL ETRM and Triple Point Technology, Inc.'s Credit Risk and monitoring system a plus

What's on Offer

Full-time and permanent position withing growing group at a leading firm. Base compensation plus discretionary bonus and wonderful benefits.