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Lead Letter of Credit Analyst - GRID

AT GE Vernova
GE Vernova

Lead Letter of Credit Analyst - GRID

Budapest, Hungary

Job Description Summary

In your role, you will be responsible for analysis of the Export Documentary Letter of Credit execution process metrics across GRID Business
globally. Measuring the efficiency based on the key performance indicators, identifying any potential gaps and support the implementation of
process improvement initiatives that ensure faster cash collection from the LC's.
Monitoring, reporting and supporting on-shore LC execution process across the business.

Job Description

Roles and Responsibilities

  • Be an expert on letter of credit structure and language, with particular emphasis on operational terms related to the execution of the order/contract.
  • Act as the central point of contact for all Documentary Letters of Credit related topics where all GRID legal entities are beneficiaries and the initial central point of contact for other trade finance instruments (such as Cash Against Documents): provide counseling to region teams; review LC drafts and involve appropriate functions as required (from Treasury, Finance or the Commercial Operations); set up a rigorous operating rhythm with stakeholders; maintain metrics to measure volume and effectiveness of process; provide input for process enhancements.
  • Support global Trade Finance projects, on implementing web-based platform to further digitize the LC execution process.
  • Coordinate the document preparation activities among the key stakeholders for the export LCs -Regions, Doc Prep Service Provider (TTI), Logistics and project teams. Be an escalation point for GE fulfilment and operational teams, for external parties, such as banks and freight forwarders; maintain oversight on authorized personnel involved in document preparation and instructions to banks.

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Qualifications / Requirements

• Bachelor's Degree and minimum 5+ years of collections, cash, financial services, fulfillment experience.

• Knowledge of related finance and accounting terms.

• Attention to details and strong analytical skills with a bias towards data and good judgment.

• Strong sense of ownership thrives on the ability to deliver daily output

• Excellent communication skills, in writing, phone and in team discussions.

• Communicating successes and issues; resilient leader that actively and proactively addresses issues by engaging the collective knowledge of the business to ensure optimal service delivery

Desired Characteristics

• LEAN, Six Sigma certified

• Understanding of the supply chain and operational processes of the business. • Previous commercial, trade finance/receivables collections experience

Additional Information

Relocation Assistance Provided: No

Client-provided location(s): Budapest, Hungary
Job ID: GE_power-2100760122
Employment Type: Other

Perks and Benefits

  • Health and Wellness

    • Health Insurance
    • Health Reimbursement Account
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
    • FSA
    • FSA With Employer Contribution
    • HSA
    • HSA With Employer Contribution
    • Fitness Subsidies
    • On-Site Gym
    • Mental Health Benefits
  • Parental Benefits

    • Adoption Assistance Program
    • Family Support Resources
    • Birth Parent or Maternity Leave
    • Adoption Leave
  • Work Flexibility

    • Flexible Work Hours
    • Remote Work Opportunities
    • Hybrid Work Opportunities
  • Office Life and Perks

    • Commuter Benefits Program
    • Casual Dress
    • On-Site Cafeteria
    • Holiday Events
  • Vacation and Time Off

    • Unlimited Paid Time Off
    • Paid Holidays
    • Personal/Sick Days
    • Summer Fridays
  • Financial and Retirement

    • 401(K)
    • Stock Purchase Program
    • Performance Bonus
    • Relocation Assistance
    • Financial Counseling
    • Profit Sharing
  • Professional Development

    • Tuition Reimbursement
    • Access to Online Courses
    • Lunch and Learns
    • Leadership Training Program
    • Internship Program
    • Associate or Rotational Training Program
  • Diversity and Inclusion

    • Diversity, Equity, and Inclusion Program
    • Employee Resource Groups (ERG)
    • Unconscious Bias Training

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