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)
The credit analyst position is responsible for analyzing and monitoring creditworthiness of existing and potential customers. A main aspect of this position is performing underwriting and analysis for prospective or existing commercial borrowers whose exposure is typically in excess of $1,000,000. The credit analyst determines the level of risk and assists the loan officers and Directors' Loan Committee in deciding if a loan or line of credit will be granted. This position's primary duty consists of the exercise of discretion and independent judgment with matters of significance in reference to credit and lending.
Essential Duties:
Secondary Duties:
Knowledge, Skills, and Abilities:
Work Schedule:
This position requires 40 hours each week with the majority of work being completed between 8 a.m. and 5 p.m. Some evenings are necessary to meet deadlines. Travel is minimal to meet with customers, go to branches, and attend conferences/training.
Physical Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is often required to talk and hear. The employee is frequently required to sit, with some standing, walking, and reaching with hands and arms necessary. Minimal weight is lifted for this position, and clear, close vision with the ability to adjust focus is necessary.
Education and Experience:
Work Environment:
This job operates in an office setting. This role routinely uses standard office equipment such as computers, phones, and photocopiers.
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