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)
Description
The Commercial Credit Officer (CCO) is a highly skilled resource, providing expert level advisory guidance in the most complex, integrated debt capital solutions for commercial banking clients.
Products include lines of credit, term loans, real estate loans, and syndicated loans. The CO manages all of the ancillary credit exposure to clients.
The CO maintains knowledge of other Bank of America products including Investment Banking and Treasury Management that have credit exposure, and leverages product expertise to deliver the best possible and optimally integrated strategic solution for the client or prospect.
This role reports to the Commercial Credit Manager or Executive and will be aligned to an Underwriting Team that supports the market.
This role will specifically support activity for the Knoxville market, serving a broad ranges of clients with annual revenue ranging from $10 million to $2 billion.
Responsibilities :
Manages the credit process for a portfolio of clients
Negotiates credit documentation
Leads the credit and risk approval processes
Mentors and supports associates
Provides capital structure solutions
Skills :
Client Solutions Advisory
Financial Analysis
Loan Structuring
Risk Management
Underwriting
Account Management
Credit Documentation Requirements
Credit and Risk Assessment
Decision Making
Issue Management
Analytical Thinking
Coaching
Collaboration
Critical Thinking
Customer and Client Focus
Required Qualifications :
10 years of solid commercial banking experience
Experience in financial analysis, structuring, underwriting and portfolio management specifically in Middle Market / Business Banking
Analytical / technical skills, including financial accounting, modeling and loan structuring
Strong communication skills; ability to communicate vertically, horizontally, and externally
Negotiation and Critical Thinking skills
Minimum Education Requirement : BS / BA Degree Desired
Shift :
1st shift (United States of America)
Hours Per Week :
Last updated : 2024-04-23
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