Wells Fargo Senior Trade Services Processor - Finance 

India, Karnataka, Bengaluru 

854605390

In this role, you will:

• Provide support for processing new collections, payments, trade acceptances and tracing outstanding items

• Support performance of less experienced staff and overall effectiveness of team

• Provide all letter of credit services to customers

• Perform complex services including opening letter of credits, processing payments and informing customers of discrepancies

• Assist with distributing, reviewing work, training and guiding less experienced staff

• Provide subject matter expertise and interpretation of procedures to less experienced individuals

• Process complex, non-standard and time sensitive letter of credits

• Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals

• Interact with internal customers

• Receive direction from leaders and exercise independent judgement while developing the knowledge to understand function, policies, procedures, and compliance requirements

Required Qualifications:

• 4+ years of Trade Services experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

In this role, you will:

• Responsibilities include but not limited to the below.

• Responsible for supporting all Letter of Credit related transactions backed by ABL booked on Lucas and Choice SORs.

• Review incoming import letters of credit applications of ABL & Factoring customers, ensuring accuracy , credit criteria is met and adherence to established guidelines.

• Verify the authenticity and completeness of letter of credit documents and related information.

• Review and prepare documents for new issuances and amendments, process Import LC discrepancy notices, perform reconciliations.

• Prepare manual Journal Vouchers for accounting entries as applicable.

• Post L/C details in ledger and expiry dates for L/Cs issued in our favor.

• Review cash clearing open items and resolution within corporate policy.

• Support performance of less experienced staff and overall effectiveness of team

• Provide feedback and present ideas for improving or implementing processes and tools within Loan Servicing functional area

• Perform administrative, transactional, operational, or customer support tasks

• Resolve complex client problems and inquiries

• Provide subject matter expertise and interpretation of procedures to less experienced staff

• Use independent judgment to review and file claims while ensuring compliance with all federal, state, client and company policies, procedures, and regulations

• Participate in regional or team meetings, and provide guidance and training to less experienced individuals

• Assure compliance with contractual obligations regarding reporting and other aspects

• Ability to process the request within established deadlines as per the procedures and without errors

• Flexibility towards contributing on different processes & assignments

• Collaborate effectively with various teams as required and be an active participant

• Letter of Credits backed by ABL(Asset Based Lending), Understanding client availability under ABL(Asset Based Lending) facility or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Job expectations:

• Shift timing: 6.30 PM - 3.30 AM OR 8.30 PM - 5.30 PM OR 1.30 - 10.30 PM

• Should be fine with Rotational Shift if required. Yes

Wells Fargo Recruitment and Hiring Requirements:

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.