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Letter Of Credit Jobs (NOW HIRING)

ServisFirst Bank

Credit Officer

Birmingham, AL · On-site

Working knowledge of collateral instruments (i.e. letter of credit, UCC filings, and personal/corporate guarantees) * RMA, nCino, and/or Moody training is a plus Physical Requirements and ...

ServisFirst Bank

Credit Officer

Birmingham, AL · On-site

Working knowledge of collateral instruments (i.e. letter of credit, UCC filings, and personal/corporate guarantees) * RMA, nCino, and/or Moody training is a plus PHYSICAL REQUIREMENTS AND ...

ServisFirst Bank

Credit Officer

Homewood, AL · On-site

Working knowledge of collateral instruments (i.e. letter of credit, UCC filings, and personal/corporate guarantees) * RMA, nCino, and/or Moody training is a plus PHYSICAL REQUIREMENTS AND ...

Novolex

Traffic Coordinator

Cedar Rapids, IA · On-site

How - Review letter of credit with Administrative Sales Manager for amendments that are needed. Work with forwarder to get air or ocean quotes and set up shipment. Prepare documentation to meet the ...

Novolex

Traffic Coordinator

Cedar Rapids, IA · On-site

How - Review letter of credit with Administrative Sales Manager for amendments that are needed. Work with forwarder to get air or ocean quotes and set up shipment. Prepare documentation to meet the ...

Novolex

Traffic Coordinator

Cedar Rapids, IA · On-site

How - Review letter of credit with Administrative Sales Manager for amendments that are needed. Work with forwarder to get air or ocean quotes and set up shipment. Prepare documentation to meet the ...

Novolex

Traffic Coordinator

Cedar Rapids, IA

How - Review letter of credit with Administrative Sales Manager for amendments that are needed. Work with forwarder to get air or ocean quotes and set up shipment. Prepare documentation to meet the ...

Iberdrola

Analyst, Credit - Ld/Sr

Boston, MA · On-site

Key Responsibilities Collateral & Letter of Credit Management * Manage a collateral portfolio of approximately $7.3B , including over 500 parent guarantees, letters of credit, surety bonds, cash ...

ServisFirst Bank

Credit Analyst

Birmingham, AL · On-site

Working knowledge of collateral instruments (i.e. letter of credit, UCC filings, and personal/corporate guarantees) * Commercial construction lending or underwriting background preferred PHYSICAL ...

Mizuho Bank Ltd

Credit Administration Unit

Manhattan, NY · On-site

$82K - $125K/yr

The functions include but are not limited to processing new, renewed, amended and restructured loan / letter of credit facilities. Also, assist with policies and procedures, direct participation ...

Iberdrola

Analyst, Credit - Ld/Sr

Boston, MA · On-site

Key Responsibilities Collateral & Letter of Credit Management * Manage a collateral portfolio of approximately $7.3B , including over 500 parent guarantees, letters of credit, surety bonds, cash ...

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All JobsLetter Of Credit Jobs

Letter Of Credit information

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How much do letter of credit jobs pay per hour?

As of Aug 6, 2026, the average hourly pay for letter of credit in the United States is $23.19, according to ZipRecruiter salary data. Most workers in this role earn between $19.23 and $25.96 per hour, depending on experience, location, and employer.

What is the difference between Letter Of Credit vs Loan Officer?

AspectLetter Of CreditLoan Officer
CredentialsFinancial certifications, banking knowledgeFinance, banking, or related degrees
Work EnvironmentBanking, finance institutionsBank branches, lending departments
Industry UsageTrade finance, international transactionsPersonal and commercial lending
Primary FocusGuaranteeing payment for international tradeAssessing and approving loan applications

While a Letter Of Credit is a financial document used to guarantee payments in trade, a Loan Officer evaluates and approves loan applications for individuals or businesses. Both roles require banking knowledge and operate within financial institutions, but they serve different functions in the finance industry.

What is a letter of credit?

A Letter of Credit (LC) is a financial document issued by a bank that guarantees a seller will receive payment from a buyer, provided certain conditions are met. It is commonly used in international trade to reduce the risk of non-payment and to ensure that both parties fulfill their contractual obligations. The bank acts as an intermediary, assuring the seller that payment will be made if they present the required documents proving they have shipped the goods or provided the services as agreed. This provides security for both exporters and importers in cross-border transactions.

What are the key skills and qualifications needed to thrive as a letter of credit specialist?

To thrive as a Letter of Credit Specialist, you need a solid understanding of international trade finance, banking regulations, and documentary credit procedures, often backed by a degree in finance or business. Familiarity with SWIFT messaging systems, trade finance platforms, and ICC rules such as UCP 600 is essential. Attention to detail, strong analytical abilities, and effective communication are critical soft skills for managing complex transactions and client relationships. These competencies ensure accurate processing, compliance, and risk mitigation in global trade operations.

What are the roles in a letter of credit?

In a letter of credit, the key roles include the applicant (buyer), who requests the credit; the issuing bank, which issues the letter and guarantees payment; the beneficiary (seller), who receives the payment; and the advising bank, which authenticates the letter to the beneficiary. These roles ensure the transaction's security and compliance with agreed terms.

What are some common challenges faced by professionals handling letters of credit, and how can they effectively manage these issues?

Professionals working with Letters of Credit (LCs) often encounter challenges such as strict compliance requirements, tight deadlines, and the need for meticulous documentation. Even minor discrepancies between documents and LC terms can lead to payment delays or refusals. To manage these challenges effectively, it's important to have a keen eye for detail, maintain clear communication with clients and counterparties, and stay updated on the latest international trade regulations. Collaborating closely with legal, compliance, and trade finance teams can also help ensure smooth LC transactions and minimize errors.

What can I do with a letter of credit?

A letter of credit is a financial document used in international trade to guarantee payment to a seller once certain conditions are met. It helps facilitate secure transactions between buyers and sellers, often requiring knowledge of banking procedures and compliance with specific terms. Professionals handling letters of credit ensure proper documentation and adherence to banking regulations.
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Letter Of Credit jobs near you
Infographic showing various Letter Of Credit job openings in the United States as of August 2026, with employment types broken down into 3% Internship, 73% Full Time, 16% Part Time, 3% Temporary, and 5% Contract. Highlights an 97% In-person, and 3% Hybrid job distribution, with an average salary of $48,239 per year, or $23.2 per hour.

Global Banking & Markets Operations - Loan Management, Letters of Credit, Associate, Dallas/New York

Goldman Sachs, Inc.

New York, NY • On-site

Full-time

Re-posted 17 days ago

Goldman Sachs rating

8.3

Company rating: 8.3 out of 10

Based on 27 frontline employees who took The Breakroom Quiz

48th of 170 rated banks

Job description


At Goldman Sachs, we connect people, capital and ideas to help solve problems for our clients. We are a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. For us, it's all about bringing together people who are curious, collaborative and have the drive to make things possible for our clients and communities.
OUR IMPACT
Investment Banking Operations is a dynamic, multi-faceted business that partners with all parts of the firm to facilitate banking & financing capabilities to clients around the world. In addition, IB Operations provide essential risk management and control to preserve and enhance the firm's assets and its reputation. IB Agency is responsible for ensuring efficient and accurate transaction processing across a broad range of products. Generally, the products supported are complex instruments that require close alignment with the business. IB Agency is at the forefront of shaping and driving change in the industry with the ultimate aim of delivering greater accuracy, control and efficiency for our clients and our business. The Letters of Credit servicing team within IB Agency is responsible for the trade finance functions as Standby Letter of Credit Issuer.
YOUR IMPACT
The Letters of Credit servicing team is seeking a standby letter of credit professional who can effectively collaborate with multiple business desks, internal and external legal counsels, as well as applicants and beneficiaries to manage all stages of the transaction, and to mitigate risks associated with the letter of credit product offering. This position requires the ability to handle complex inquiries regarding standby letters of credit from our external clients and internal business partners. Additionally, the individual we are seeking will assist in strategic projects to enhance the product and platform.
HOW YOU WILL FULFILL YOUR POTENTIAL
  • Review Credit Agreements and other deal documents to assist with the structuring of our obligation as issuing bank
  • Review Letter of Credit drafts before they are shared with clients.
  • Review counter-Standby Letter of Credit drafts before they are shared with correspondent Banks.
  • Review communications with Correspondent Banks.
  • Manage communications with the different desks during the process of reviewing Letters of Credit.
  • Review daily reports to ensure appropriate action has been taken if applicable.
  • Review Letter of Credit Issuances processed by the Team.
  • Review Reg W and Reg O Checks , OFAC checks are performed by Processor prior to LC Issuance
  • Suggest process improvements.
  • Leverage your knowledge and expertise as a subject matter expert in all aspects of the business and to help train other colleagues, as needed

SKILLS & EXPERIENCE WE'RE LOOKING FOR
BASIC QUALIFICATIONS
  • Bachelor's degree with financial services experience of more than 3 years
  • In-depth knowledge of ISP98/UCP 600
  • Ability to work in a fast paced environment with competing priorities
  • Excellent communication and client service skills
  • Strong organizational and analytical skills with a keen attention to detail
  • Proficiency using the Microsoft Office Suite in particular Excel and PowerPoint

PREFERRED QUALIFICATIONS
  • Experience in loan servicing or operations
  • Knowledge of URDG 758

ABOUT GOLDMAN SACHS
At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.
We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.
We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html
© The Goldman Sachs Group, Inc., 2025. All rights reserved.
Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.
SALARY RANGE
The expected base salary for this New York, New York, United States-based position is [$80,000-$135,000]. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.
BENEFITS
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.

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About Goldman Sachs

Sourced by ZipRecruiter

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

New York, NY, US

Year founded

1869

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