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)
JOB DESCRIPTION
STANDBY Letter of Credit Operations Specialist I
The STANDBY Letter of Credit Operations Specialist I is responsible for supporting all functional activities in the creation, maintenance, review, examination, and payment of Standby Letters of Credit; and any related documents presented under these instruments. This role will support the domestic and international commercial lending product offerings within all designated commercial, retail, and wealth business lines; including by not limited to participated and syndicated loans.
Position Competencies
Successful incumbents possess proven ability to work independently, drive for results, effective, team player, interpersonal savvy, political savvy, conflict resolution, customer focus, effectively deal with ambiguity, decision quality, effective time management and organization skills, and comfort around higher management.
Position Responsibilities:
Execute and drive operational excellence
Perform services activities to achieve established operation, executive and client target metrics that include:
Enhance the Experience
Risk Management
Position Qualification
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0 Letter of Credit Officer jobs found in Detroit, MI area