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Letter Of Credit Jobs (NOW HIRING)

Credit Analyst

Westerville, OH ยท On-site

$19.50 - $25/hr

We are looking for a detail-oriented Credit Analyst to support Letter of Credit activities for a private banking environment in Columbus, Ohio. This is a Long-term Contract position requiring regular ...

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 ...

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Letter Of Credit information

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How much do letter of credit jobs pay per hour?

As of Aug 22, 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 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 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 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.

More about Letter Of Credit jobs

What cities are hiring for Letter Of Credit jobs?

Cities with the most Letter Of Credit job openings:

What states have the most Letter Of Credit jobs?

States with the most job openings for Letter Of Credit jobs include:

Infographic showing various Letter Of Credit job openings in the United States as of August 2026, with employment types broken down into 100% Full Time. Highlights an 89% In-person, and 11% Remote job distribution, with an average salary of $48,239 per year, or $23.2 per hour.

Corporate & Investment Banking Letter-of-Credit Product Specialist - Analyst

Santander

Madison, WI โ€ข On-site

$110K - $135K/yr

Full-time

Re-posted 20 days ago


Job description

Corporate & Investment Banking Letter-of-Credit Product Specialist - AnalystCountry: United States of America

It Starts Here:

Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what's possible. This is more than a strategic shift. It's a chance for driven professionals to grow, learn, and make a real difference.

If you are interested in exploring the possibilities We Want to Talk to You!

The Difference You Make:

The Analyst, Letter of Credit Product Specialist within Corporate & Investment Banking supports the Global Transaction Banking Large Corporates Business Unit for the on boarding, booking and processing of products through the entire life cycle. He/she will serve as first-line support to clients, agent banks and internal clients to ensure funding are completed, transfers are made on time and for all operational purposes.

  • Creates and ensures accuracy for various Management Reports and the design and execution of new reports to meet changing or ad-hoc requirements.

  • Ensures the product requirements are met and manage the communication with relevant areas to ensure completion and accuracy

  • Identifies any issues and implements necessary actions to resolve issues when necessary.

  • Acts as first-line support to clients, banks and internal clients to ensure requests are completed.

  • Uses own discretion to resolve errors and disputes.

  • Coordinates with Middle Office and Operations to ensure all deals are correctly booked and independently identify appropriate remedies where necessary.

  • Reviews documentation for accuracy and completeness and determines appropriate remedial action when needed.

  • Provides guidance to the deal booking teams following each deals terms and conditions.

  • Ensures client folders are maintained and updated with credit, legal and/or any other required documentation .

What You Bring:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Bachelor's Degree or equivalent work experience: Business, Finance or equivalent field. - Required.

  • 1-3 years of Product Development, Business Development or related experience. - Required.

  • Experience with Letter-of-Credit product preferred

  • Knowledge of trade products is a plus.

  • Ability to multi-task and self-prioritize a heavy workload.

  • Strong analytical skills/financial acumen, excel, Microsoft skills

  • Demonstrates the ability to translate customer needs into marketable product features.

  • Excellent verbal, written, and interpersonal communication skills.

  • Ability to interact with integrity and a high level of professionalism with all levels of team members and management.

  • Demonstrated understanding of product development life cycle.

Certifications:

  • No Certifications listed for this job.

It Would Be Nice For You To Have:

  • Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

Work Authorization & Sponsorship:
Applicants must be legally authorized to work in the United States on a full-time basis without requiring employer sponsorship to commence employment.

What Else You Need To Know:

The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.

Base Pay Range:

Minimum:

$110,000.00 USD

Maximum:

$135,000.00 USD

We Value Your Impact:

Your contribution matters and it's recognized. You can expect a fair and competitive rewards package that reflects the impact you create and the value you deliver. We know rewards go beyond numbers. Offering more than just a paycheck our benefits are designed to support you, your family and your well-being, now and into the future. Santander Benefits - 2026 Santander OnGoing/NH eGuide (foleon.com)

Risk Culture:

We embrace a strong risk culture and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

EEO Statement:

At Santander, we value and respect differences in our workforce. We actively encourage everyone to apply. Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.
Working Conditions:

Frequent minimal physical effort such as sitting, standingand walking is required for this role. Depending on location, occasional moving and lifting light equipment and/or furniture may be required.

Employer Rights:

This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate your employment at any time for any reason.

What To Do Next:

If this sounds like a role you are interested in, then please apply.

We are committed to providing an inclusive and accessible application process for all candidates. If you require any assistance or accommodation due to a disability or any other reason, please contact us at TAOps@santander.us to discuss your needs.