**Our client, a large international bank, is currently looking to hire for a letter of credit analyst to join their team in downtown Toronto!** Letter of Credit Analyst This position will provide assistance and support to the Vice President, Loan Administration and/or Associate, Loan Administration to monitor and maintain relevant credit information of each customer within the Loan IQ application and GBR system. This position is also responsible for all input functions of the Loan IQ system and the incumbent will also act as “Deal Administrator”. The position also requires good understanding of the technical aspects of drafting, reviewing of letters of credit, performance guarantees as the incumbent will be involved in the preparation and issuance of letters of credit. Responsibilities or Key Accountabilities: + Verifies that all customer loan applications and transactions comply with policy and procedure and predetermined credit lines with advance understanding of all aspects of loan or deal administration functions (including all aspects of funding and letters of credit). + Reviews and verifies credit applications in GBR (in-house credit monitoring system) and conducts end-to-end workflow in order to book and fund the deal in loan system (Loan IQ), including letters of credit. + Prepares and assists the Client, Relationship Managers in drafting and reviewing letters of credit and/or performance guarantees. + Understanding of all loan documentation and briefs, ensuring that the terms and conditions contained in the documents comply with the approved credit facility prior to the disbursement of funds and during the life of the loan, including letters of credit. + Responsible to prepare Loan IQ input templates for new customers and/or deals and facilities and input set up to Loan IQ, as assigned; including both bilateral set up and participant bank set up as required, including letters of credit. + Prepare tickets for daily loan transactions and input into Loan IQ system, including letters of credit. + Responsible to reconcile interest and/or fee notices for bilateral, syndication facilities and settlement entries in Loan IQ system, including letters of credit. + Responsible for filing and other administrative duties, and data maintenance duties within the department as assigned, including letters of credit. + Ensures that the processes followed are in full compliance with all of the Bank’s policies and procedures, including Anti-Money Laundering policies, and the requirements of the relevant regulatory bodies as communicated by the Compliance Department, including letters of credit. Qualifications 1) Letter of Credit Analyst (1-2 years of experience) 2) Candidate must have experience with USP 600 & ISB 98 3) Strong communication skills - needs to be able to call out to other departments and get intel Employee Value Proposition (EVP) This is a brand new role in a team which is ever expanding. Opportunity to be a future manager/leader down the road. Work Environment Training is 2 months on site after which 1 week WFH 1 week in office. Pay and Benefits The pay range for this position is $55000.00 - $75000.00/yr. Workplace Type This is a hybrid position in Toronto,ON. À propos de TEKsystems et TEKsystems Global Services Nous sommes un fournisseur de services aux entreprises et de technologies. Nous accélérons la transformation de nos clients. Notre compétence en stratégie, conception, exécution et opérations libère la valeur de l’entreprise par un éventail de solutions. Nous sommes une équipe de 80 000 personnes qui collaborent avec plus de 60 000 clients, notamment 80 % du Fortune 500 en Amérique du Nord, Europe et Asie, qui collaborent avec nous dans le cadre de nos capacités full-stack et notre rythme. Nous sommes des penseurs stratégiques, des collaborateurs pratiques qui aident les clients à exploiter le changement et maîtriser le dynamisme de la technologie. Nous bâtissons le futur en livrant les résultats et en créant un impact positif dans nos communautés mondiales. TEKsystems et TEKsystems Global Services sont des entreprises d’Allegis Group. Découvrez d’autres informations à TEKsystems.com. About TEKsystems and TEKsystems Global Services We’re a leading provider of business and technology services. We accelerate business transformation for our customers. Our expertise in strategy, design, execution and operations unlocks business value through a range of solutions. We’re a team of 80,000 strong, working with over 6,000 customers, including 80% of the Fortune 500 across North America, Europe and Asia, who partner with us for our scale, full-stack capabilities and speed. We’re strategic thinkers, hands-on collaborators, helping customers capitalize on change and master the momentum of technology. We’re building tomorrow by delivering business outcomes and making positive impacts in our global communities. TEKsystems and TEKsystems Global Services are Allegis Group companies. Learn more at TEKsystems.com. The company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.