MUFG Union Bank Commercial Letters of Credit Sr. Specialist - Hybrid in Charlotte, North Carolina
Do you want your voice heard and your actions to count?
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world. Across the globe, we’re 180,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.
With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.
Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.
This is a hybrid position. There are flexible work from home options available. A member of our recruitment team will discuss the options with you in more detail.
Issuing /Advising Process/second check Import/Export l/c transactions, strictly observing Head Office and front office guidelines as well as applicable U.S. and Japanese laws and regulations.
Assist supervisor with the l/c workflow, monitor pending l/c transactions; review and release inquiry cables; assist customers in preparing l/c application; complete daily reconciliation of l/c transactions.
Check Import/Export shipping documents against L/C terms and conditions, ensuring compliance with: (a) OFAC, EAR, Anti-Boycott, BSA AML and JFEL; (b) UCP and ISBP, and (c) organizational policies and procedures.
Contact applicants, beneficiaries or presenting parties to get instructions for the timely resolution of identified discrepancies on documents.
Endorse Bill of Lading, Bill of Exchange, or Original L/C, where applicable, in accordance with standard procedures.
Prepare cables to issuing or negotiation bank: (a) requesting a waiver for discrepancies, or (b) notifying status of discrepant documents.
Perform required follow-up activities, ensuring identified issues are resolved within prescribed timeframes.
Prepare cover letters for the documents, which are to be sent on remittance or approval basis to the issuing bank.
Verify and release L/Cs, amendments, payments, and sign negotiable instruments in accordance with: (a) prescribed time frames, and (b) the authorization limits established by the Executive Management.
- Contact the customers, obtaining the required instructions for resolving pending discrepant documents. Assist the supervisor in preparing various reports for the department management.
- Respond to inquiries received from customers and issuing/negotiating banks regarding pending documents and/or Letters of Credit.
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.
We are proud to be an Equal Opportunity/Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law.