Letter of Credit Officer obtains necessary information to process and complete letters of credit and related financial transactions. Verifies all documentation for accuracy and completeness. Being a Letter of Credit Officer ensures all credit data is evaluated and adheres to bank policies and procedures in order to approve or deny applications. Provides support to lending officers and trade specialists. Additionally, Letter of Credit Officer may require a bachelor's degree. Typically reports to a manager or head of a unit/department. The Letter of Credit Officer gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be a Letter of Credit Officer typically requires 2 to 4 years of related experience. (Copyright 2024 Salary.com)
Location: Newtown, CT
Newtown Savings Bank is seeking a motivated, detail-oriented Credit Analyst III with 3-5 years’ experience to join our Credit team. This position is responsible for completing financial spreads for the Bank’s existing and prospective business customers. The Credit Analyst III underwrites the Bank’s complex renewals/reviews of existing loans, complex modifications of existing loans, and mid- level new loan requests. Assigns risk ratings to new loans and reviews existing risk ratings for accuracy. Provides recommendations to Accounts Officers. Assures conformity to Bank policies and procedures. Provides additional analysis and assists with projects as needed/assigned. This is an onsite opportunity at our Corporate office in Newtown, CT. This role has remote option of one day per week.
PRIMARY RESPONSIBILITIES
POSITION REQUIREMENTS
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed above 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.
Any physical demands or work conditions described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Full time employees also receive a complete benefit package including a generous 401(k), medical benefits, paid time off, and short and long term disability programs.
Newtown Savings Bank is an equal opportunity and affirmative action employer regardless of race, gender, disability status, protected veteran status. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, age, marital status, national origin/ancestry, sexual orientation, gender identity, disability status, protected veteran status, or any other legally protected status.
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