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
This job is responsible for the delivery of integrated credit solutions to clients as well as on-going portfolio management.
Key responsibilities include underwriting and negotiating new transactions, partnering with client-facing teammates to consult on sales opportunities, and providing the product expertise to deliver effective client solutions.
Job expectations include providing on-going monitoring of client portfolios, ensuring accurate and timely analysis of financial statements, assignment of risk ratings, and required client reviews.
Responsible for helping clients achieve their overall strategy through the innovative use of various funding alternatives;
Interact regularly with clients in an effort to proactively understand their goals, their current performance, and their needs.
The Leasing Credit Officer II uses this client knowledge to assess the appropriateness of existing solutions and to propose optimal financing alternatives or additional financing solutions.
Directly accountable for managing credit quality and the approval process through their interaction with Risk Management Officers and Senior Management.
Job Responsibilities :
Required Qualifications :
Desired Skills :
Experience in the analysis and structuring of complex transactions, Proven ability to analyze, interpret and negotiate third party documentation, Proven ability to identify trends and emerging risks in underwriting and client selection.
Skills :
Shift :
1st shift (United States of America)
Hours Per Week :
Last updated : 2024-06-01