Jr Letter of Credit Specialist (Full Time) - OKC, 23rd St
External Applicants: Please apply through Prosperity Bank's Career Center at https://www.prosperitybankusa.com/Careers. Applying through any other source may prevent Prosperity from receiving your application. Internal Applicants: If you are a current associate of Prosperity Bank, please apply through the internal Talent - Career Center in ADP. Prosperity Bank is an Equal Opportunity Employer.
POSITION PURPOSE
The Junior Letter of Credit Specialist performs all daily functions associated with the preparation, review and monitoring of Letters of Credit while ensuring compliance with state and federal regulations, and Prosperity Bank policies and procedures. Establishes and maintains effective partnerships with lenders, borrowers, all other bank staff, attorneys, correspondent banks and Letter of Credit beneficiaries.
ESSENTIAL FUNCTIONS AND BASIC DUTIES
- Prepares, reviews, and assembles new Letter of Credit documents as well as renewals and modifications to existing Letters of Credit. Letters of Credit structures can include secured and unsecured as well as Letters issued under lines of credit, auto-renewable Letters, attorney prepared, and those that may be participated or syndicated
- Monitors auto renewable Letters of Credit and processes non-renewal notices within the timing requirements
- Reconciles core system to monitoring spreadsheets and maintains such spreadsheets accurately
- Works with Correspondent bank systems when required to issue, renew or modify Letters of Credit
- Utilize LaserPro software to prepare loan documents as well as other bank templates maintained in MS Word or Excel
- Reviews attorney prepared documents to ensure accuracy with Loan Approval Worksheet (LAW) such as sub-limits for L/C issuance, etc.
- Determines proper loan system coding (e.g., product type, collateral codes, call codes, etc.) and onboards loans and Letters of Credit on the core system
- Completes Quality Control of system onboarded loans and Letters of Credit
- Maintains a thorough knowledge and understanding of Prosperity Bank policies, procedures, guidelines, and philosophies
- Follows all compliance policies and procedures, state and federal laws governing all aspects of Commercial lending and Letters of Credit
- Performs other duties, tasks and special projects as required, assigned or directed
The above statements describe the general nature and level of work only. They are not an exhaustive list of all required responsibilities, duties, and skills. Other duties may be added, or this job description amended at any time.
SUPERVISORY RESPONSIBILITIES: This role has no supervisory responsibilities.
QUALIFICATIONS
Education/Certification: High School graduate or equivalent; associate or bachelor’s degree is preferred
Required Knowledge: Loan Documentation preferred
Experience Required: Prior experience in a financial institution preferred
Skills/Abilities: Organized, Attention to detail, Ability to multi-task, Interpersonal, Oral and written communication skills, Ability to read, interpret, and respond professionally to internal and external correspondence, MS Office Suite
(Word, Excel, Outlook).
PHYSICAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION
Talking: Especially where one must frequently convey detailed or important instructions or ideas accurately, loudly, or quickly.
Average Hearing: Able to hear average or normal conversations and receive ordinary information.
Repetitive Motion: Movements frequently and regularly required using the wrists, hands, and/or fingers.
Average Visual Abilities: Average, ordinary, visual acuity necessary to prepare or inspect documents or products or operate machinery.
Physical Strength: Sedentary work; sitting most of the time. Exerts up to 10 lbs. of force occasionally.
(Almost all office jobs.)
WORKING CONDITIONS
None: No hazardous or significantly unpleasant conditions (such as in a typical office).
MENTAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION
Reasoning Ability: Ability to deal with a variety of variables under only limited standardization.
Able to interpret various instructions.
Mathematics Ability: Ability to compute discount, interest, profit, and loss; commission markup and selling price; and ratio, proportion, and percentage.
Able to perform very simple algebra.
Language Ability: Ability to read a variety of books, magazines, instruction manuals, atlases, and encyclopedias.
Ability to prepare memos, reports, and essays using proper punctuation, spelling, and
grammar.
Ability to communicate distinctly with appropriate pauses and emphasis, correct
pronunciation (or sign equivalent), and variation in word order using present, perfect, and
future tenses.
Monday - Friday: 8:00AM - 5:00PM
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