ZipRecruiter

Log In

1

Letter Of Credit Jobs in Indiana (NOW HIRING)

Old National Bank

Commercial Loan Doc Spec

Evansville, IN · On-site

$18.25 - $29.75/hr

Tracks upcoming letter of credit expiration dates. Additional position levels: In addition to the core job requirements outlined above, the Senior & Team Lead roles are also accountable for: Senior ...

next page

Showing results 1-20

All JobsLetter Of Credit JobsLetter Of Credit Jobs in Indiana

Letter Of Credit information

See Indiana salary details

$12

$22

$31

How much do letter of credit jobs pay per hour?

As of Aug 30, 2026, the average hourly pay for letter of credit in Indiana is $22.07, according to ZipRecruiter salary data. Most workers in this role earn between $18.32 and $24.71 per hour, depending on experience, location, and employer.

What is a letter of credit?

A Letter of Credit (LC) is a financial document issued by a bank that guarantees a seller will receive payment from a buyer, provided certain conditions are met. It is commonly used in international trade to reduce the risk of non-payment and to ensure that both parties fulfill their contractual obligations. The bank acts as an intermediary, assuring the seller that payment will be made if they present the required documents proving they have shipped the goods or provided the services as agreed. This provides security for both exporters and importers in cross-border transactions.

What are the key skills and qualifications needed to thrive as a letter of credit specialist?

To thrive as a Letter of Credit Specialist, you need a solid understanding of international trade finance, banking regulations, and documentary credit procedures, often backed by a degree in finance or business. Familiarity with SWIFT messaging systems, trade finance platforms, and ICC rules such as UCP 600 is essential. Attention to detail, strong analytical abilities, and effective communication are critical soft skills for managing complex transactions and client relationships. These competencies ensure accurate processing, compliance, and risk mitigation in global trade operations.

What are some common challenges faced by professionals handling letters of credit, and how can they effectively manage these issues?

Professionals working with Letters of Credit (LCs) often encounter challenges such as strict compliance requirements, tight deadlines, and the need for meticulous documentation. Even minor discrepancies between documents and LC terms can lead to payment delays or refusals. To manage these challenges effectively, it's important to have a keen eye for detail, maintain clear communication with clients and counterparties, and stay updated on the latest international trade regulations. Collaborating closely with legal, compliance, and trade finance teams can also help ensure smooth LC transactions and minimize errors.

What is the difference between Letter Of Credit vs Loan Officer?

AspectLetter Of CreditLoan Officer
CredentialsFinancial certifications, banking knowledgeFinance, banking, or related degrees
Work EnvironmentBanking, finance institutionsBank branches, lending departments
Industry UsageTrade finance, international transactionsPersonal and commercial lending
Primary FocusGuaranteeing payment for international tradeAssessing and approving loan applications

While a Letter Of Credit is a financial document used to guarantee payments in trade, a Loan Officer evaluates and approves loan applications for individuals or businesses. Both roles require banking knowledge and operate within financial institutions, but they serve different functions in the finance industry.

What are popular job titles related to Letter Of Credit jobs in Indiana?

For Letter Of Credit jobs in Indiana, the most frequently searched job titles are:

What job categories do people searching Letter Of Credit jobs in Indiana look for?

The top searched job categories for Letter Of Credit jobs in Indiana are:

Letter Of Credit jobs near you
Infographic showing various Letter Of Credit job openings in Indiana as of August 2026, with employment types broken down into 100% Full Time. Highlights an 91% In-person, and 9% Remote job distribution, with an average salary of $45,903 per year, or $22.1 per hour.

Commercial Loan Doc Specialist

Evansville, IN • On-site

Old National Bank

8.2

Company rating: 8.2 out of 10

Based on 39 frontline employees who took The Breakroom Quiz

51st of 173 rated banks

People enjoy working here

Good employer

Recommended by parents

Learn more about Old National Bankexternal

$18.25 - $29.75/hr

Full-time

Medical, Dental, Vision, Retirement

Re-posted 4 days ago

Job description

Overview
Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.
We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.
Responsibilities
The Commercial Loan Documentation Specialists are responsible for accurately creating commercial loan closing documents. This role must understand the commercial online application system (CML), Laser Pro documentation system, ONB loan policy and Commercial Guidelines and Procedures. The specialists use loan approvals, ONB loan guidelines, organizational documents, and third-party reports to complete a pre-closing review of each transaction to create accurate closing documents while meeting established service level expectations.
Salary Range
The salary range for this position is $18.25/Hr. - $29.75/Hr.. Final compensation will be determined by location, skills, experience, qualifications and the career level at which the position is filled.
Key Accountabilities
Pre-Closing Review:
  • Completes a thorough pre-closing review of entity organizational documents and collateral information, including UCCs, title searches and/or title commitments, appraisals, environmental due diligence, and flood determinations.
  • Utilizes Loan Guidelines and commercial procedures to ensure documents are prepared in accordance with approval document.
  • Communicates effectively with other members of the Loan Fulfillment team, Relationship Managers, CBS', Credit Underwriters, in-house legal counsel, and Loan Servicing to resolve any issues or answer questions prior to releasing the closing package.

Preparation of Loan Documents:
  • Utilizes special loan software to produce accurate and complete loan documents.
  • Prepares template documents outside of loan software (i.e. Rate Modifications & Due Date Changes)

Service:
  • Manages workflow to ensure adherence to service level expectations.
  • Serves as a resource to complete second reviews or document preparation for pre-closing specialists during high volumes.
  • Exhibits flexibility in response to the changing banking environment.
  • Assists in training new team members, creating and updating processes and procedures for the department.
  • Works effectively in a fast-paced environment.
  • Provide options and solutions when issues arise.
  • Tracks upcoming letter of credit expiration dates.

Additional position levels:
In addition to the core job requirements outlined above, the Senior & Team Lead roles are also accountable for:
Senior Specialist
  • Acts effectively as the first step in the escalation process and exception decisions.
  • Assists in second level reviews of critical items, as needed, to ensure accuracy prior to releasing closing documents.
  • Completes a comprehensive review of loan documents prepared by outside legal counsel to ensure they meet serviceability requirements and terms of approval.
  • Prepares specialty lending products such as letters of credit and installment payment contract
  • Prepares boarding documents for attorney prepared loans, syndications, participations, advise lines, and bond notes
  • Senior role may also include document preparation for specialty lending products (i.e. USDA, Main Street lending, etc.).
  • Assists in training new team members.
  • Assists in creating and updating processes and procedures for the department.
  • Assists management with special projects.

Key Competencies for Position
Develops Talent - Strengthen your abilities for today and beyond.
  • You own your own development and your career.
  • Actively assesses self-feedback to enhance knowledge, skills and behaviors.
  • Leverages own strengths and those of team members to meet individual and team goals supporting both internal and external client needs.
  • Continuously develops self for current and future roles.
  • Consistently seeks others' opinions and ideas and listen actively to gain their support when clarifying expectations, agreeing on a solution and checking for satisfaction.

Makes Decisions & Solves Problems - Seeks deeper understanding and takes action.
  • Takes ownership of the problem while collaborating with others on a resolution with an appropriate level of urgency.
  • Collaborates and seeks to understand the root causes of problems.
  • Evaluates the implications of new information or events and recommends solutions using decisions that are sound based on what is known at the time.
  • Takes action that is consistent with available facts, constraints and probable consequences.

Delights Clients - Continuously seeks and applies knowledge leading to a best-in-class client experience.
  • Passionately serves internal/external clients with excellence.
  • Maintains a growth mindset staying current with developments and trends in areas of expertise influencing client satisfaction both internally and externally.
  • Understands data, metrics and/or financial information, and how they tie to client satisfaction and business outcomes related to position, client and/or team.
  • Nurtures client relationships by listening, prioritizing, and acting responsibly to meet client needs, mitigate risk and add shareholder value.

Qualifications and Education Requirements
  • Associate or bachelor's degree preferred but not required.
  • Minimum five years of experience working with commercial lending documentation.
  • High level of knowledge of loan documents, Bank loan policy and Commercial Guidelines & Procedures.
  • Highly organized with a strong attention to detail.
  • Strong analytical and problem resolution skills.
  • Excellent verbal and written communication skills.
  • (for Manager) Experience with or aptitude for managing a team of associates in a high intensity environment with service level expectations.

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.
As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.
We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, to fill a specific position.
Our culture is firmly rooted in our core values.
We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical. We are Old National Bank.
Join our team!

What Old National Bank employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom

Apply