Trade Documentary Examiner

Company Description

For more than 70 years, IDB Bank has made it our mission to be the best bank for our clients by putting their needs first, and the success we’ve enjoyed fundamentally comes down to our people. Here at IDB, you’ll work side by side with some of the most talented professionals in the industry who share a strong sense of teamwork and a passion for providing exceptional service down to the smallest detail. We offer a comprehensive benefits package that includes generous paid time off and the ability to participate in our medical coverage and 401(k) plan on your very first day with us. We are also committed to diversity and inclusion, and to providing all of our team members with an equal opportunity to succeed and make meaningful contributions within a work environment that is respectful, welcoming and inclusive.

Job Description

The Document Examiner is responsible for the examination and payment processing of all import, export and standby letter of credit drawings received in addition to second review of documents. Ensure that all drawings are in full compliance with L/C terms and conditions and follow the rules and regulations set forth by the Uniform Customs and Practices.

Job Description

• Second check the assigned Documentary Examiners.
• Provide training, guidance, and development for the new examiners.
• Ensure that the assigned Document Examiners are following procedures.
• Distribute work to the examiners, when instructed to do so by the Payment manager.
• Maintain technical skills and keep abreast of industry developments.
• Work with the section manager and carry out assignments, as instructed.
• Act as an authorized signatory, when applicable.
• Examine import and export documents presented against letters of credit
• Process payments against complying documents.
• Create bankers’ acceptances under letter of credit.
• Obtain internal and/or customer approval and insructions, as required.
• Maintain complete and accurate records on all transactions processd.
• Generate outgoing telecommunications regarding document refusals and payment notices.
• Meet the Department’s productivity standards and personal KPI.
• Ensuring that all work performed in compliance with the Trade Finance Policy and Procedures and all Bank policies and Regulatory requirements.
• Investigating and resolving any Account Officer or customer issues.
• Responsible for the releasing of payments and correspondence for examiners other than themselves.

Qualifications

• High school diploma or equivalent.
• Strong technical background in letters of credit
• Minimum of five years experience with documentary examinations.
• Thorough knowledge of the Uniform Customs and Practice for Documentary Credits, as well as the ICC Publication 600 and all subsequent revisions.
• Excellent leadership, managerial, and communication skills.
• Ability to use automated systems.
• Experience in reconciling letter of credit liabilities, outstanding bankers’ acceptances, and steamship guarantees.
• Proficient in MS Office

Compensation

The expected annual base salary for this position is between $65,000 - $80,000 at the start of employment. A salary offer is determined on an individualized basis, taking into consideration factors such as an individual’s skills, experience, and book of business. In addition to base salary, our total rewards package also includes eligibility for incentive compensation, medical, pharmacy, dental, and vision plans, life and disability insurance, employee wellness program, retirement and savings plans with employer contributions, generous holiday and paid time off schedules, parental leave, and tuition reimbursement.

Additional Information

The Bank will make reasonable accommodations to the following employees to allow them to perform the essential functions of their position, except where doing so would result in undue hardship to the Bank:

• Those with a known mental or physical disability.
• Pregnant individuals and/or individuals with pregnancy or childbirth-related medical conditions.
• Victims of domestic violence, sex offenses or stalking.
• Employees with religious observance and practice obligations.

Any employee who believes he or she needs an accommodation for any of the above reasons should contact their supervisor or a member of Human Resources to request such an accommodation. In each case, the Bank will engage in a good faith written or oral dialogue concerning the individual’s accommodation needs; potential accommodations that may address the individual’s accommodation needs, including alternatives to a requested accommodation; and the difficulties that such potential accommodations may pose for the employer.

The Bank retains the ultimate discretion to choose the appropriate reasonable accommodation. Upon reaching a final determination at the conclusion of the cooperative dialogue, the Bank will provide the requesting individual with a written final determination identifying any accommodation granted or denied. In addition, the Bank will maintain any information regarding the employee’s request and status in the strictest confidence, except as requested by the employee, as required on a need-to-know basis or as otherwise required by law.

Disclaimer

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

All your information will be kept confidential according to EEO guidelines.

Due to COVID-19, we are now operating on a hybrid schedule. We value the safety of our employees because we’re all in this together.

NO AGENCIES PLEASE.

IDB BANK, INCLUDING ITS SUBSIDIARIES AND DIVISIONS, PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, AGE, DISABILITY, GENETIC STATUS, CITIZENSHIP STATUS, MARITAL STATUS, MILITARY OR VETERAN STATUS, CURRENT UNEMPLOYMENT OR ANY OTHER LEGALLY PROTECTED CATEGORY IN ACCORDANCE WITH APPLICABLE FEDERAL, STATE AND LOCAL LAW. NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT.