Banking Services Specialist

Banking Services Specialist

At Pacifica Continental we are looking for a Banking Services Specialist to join an international bank in Miami.

Main Responsibilities:

• Carefully reads and follows instructions and/or documents to determine disposition of items, this includes issuance, payment, and negotiation.  When necessary, coordinate with Account managers for proper processing of instructions.

• Following procedures inputs information in the Letters of Credit/Documentary Collections system verifying that all information provided is accurate, complete, and follows the applicable regulations and the Uniform Customs and Practices for Documentary Credits (UCP 500) for Letters of credit and International Chamber of Commerce (I.C.C.) Publication No. 522 for Documentary Collections.

• Follow up on instructions and documents provided by the Account Manager and keep files up to date.

• Makes sure that the names of all buyers, beneficiaries, assignees of assignments of proceeds and transferees, as well as the names of all vessels, planes and transportation companies appearing in all letters of credit and documentary collections processed by the department must without exception, be scanned against the OFAC list and other lists according to the Bank Secrecy Act policies and procedures of the bank.

• Knowledge of ACH Process.

• Verifies that all work has been processed correctly. 

• Prepares and processes check payments and fund transfer when necessary or requested.

• Prepares and sends correspondence either via regular mail or courier.

• May use SWIFT and/or e-mail to obtain and transmit information to customers, agencies and/or vendors.

• Performs necessary research and investigations and/or assists supervisor in finding information to process work.

• Keeps control of any new instructions or amendments received.  Properly report discrepancies to the interest parties and act according to policies and procedures to correct any problem that may have arisen.