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Letter of Credit Specialist II - OKC, 23rd St

Prosperity Bank Oklahoma City, OK

  • Expired: May 09, 2021. Applications are no longer accepted.

How to apply: Please apply through Prosperity Bank's Career Center at https://www.prosperitybankusa.com/Careers and to find more job opportunities with our company. * A pre-employment credit check will be run on all qualified applicants. POSITION SUMMARY: The 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 & DUTIES: * Must possess extensive knowledge of all aspects of letters of credit including understanding legal entities and loan documents necessary to secure the bank such as Promissory Notes, Security Instruments, Loan Agreements, etc. * 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, import/export and those that may be participated or syndicated * Monitors auto renewable Letters of Credit and processes non-renewal notices within the Letter of Credit timing requirements * Reconciles core system to monitoring spreadsheets and maintains such spreadsheets accurately * Works with Correspondent bank systems when required to issue Letters such as International Trade * Utilizes LaserPro software to prepare loan documents internally as well as other bank templates maintained in Microsoft 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 QC of system onboarded loans and Letters of Credit * Provides excellent customer service * Maintains all procedures and job aids regarding Letters of Credit and updates as needed * 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 * Completes annual compliance testing/training/certification on time * Performs other duties, tasks and special projects as required, assigned or directed ___________________________________________________________________________________________________________QUALIFICATIONS EDUCATION/CERTIFICATION: Minimum: High School graduate or equivalent ~ preferred: Associate or bachelor's degree REQUIRED KNOWLEDGE: Letters of Credit and Loan documentation EXPERIENCE REQUIRED: LaserPro experience preferred. Prior experience in a financial institution preferred Monday - Friday: 8 AM - 5 PM

Prosperity Bank

Address

Oklahoma City, OK
73113 USA

Industry

Finance and Insurance

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