Letter of Credit/Documentary Collection Coordinator

JPMorgan Chase Bank, N.A.

Plano, TX, USA

Full time

Sep 19

Full Job Description

The Loan Origination Analyst leverages their expertise to support Business Banking Traditional Trade Product activities between Global Trade Services and the Market, Underwriter and WLS which includes the handling of Letter of Credit requests and Documentary Collections.


Responsibilities include:

  • Coordinate Letter of Credit requests, Commercial & Standby, from application, issuance and booking
  • Review executed Letter of Credit closing documents for perfection to be registered with GTS & Loan Servicing
  • Review loan documents, systems and collateral to verify and validate credit availability to book Letters of Credits
  • Process Letter of Credit auto-extensions and amendments
  • Coordinate Letter of Credit Draws
  • Perform maintenance on collateral accounts and credit line carve-outs for Letters of Credits
  • Process Documentary Collection Requests
  • Onboard Customers to TPS
  • Handle Reports, Special Projects and other activities as requested


Experience:

  • College Business Degree or equivalent experience
  • Minimum of 3 years' experience in an International Trade and loan operation environment
  • Knowledge of: ICC ISP98, UCP600, URC522, URDG758, UCC Art. 5, Incoterms, OFAC & Compliance preferred
  • Systems/Software: TPS, iCRD, VLS, GTS, APSTAR, Aurora, Enterprise Image Viewer (formerly iVault) , Customer Assist, SharePoint, Excel, Word and shared drives
  • Detail oriented with ability to multitask and prioritize work in a virtual paperless team-based environment

JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.

The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the "WELL Health-Safety Rating" for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.

As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm's current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm's vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.

Equal Opportunity Employer/Disability/Veterans

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