Loan Operations Specialist II (Loan Booking)

Letter of Credit Liaison

In this role as the Letter of Credit Liaison, you will assume direct responsibility for ensuring that all elements of Letter of Credit, domestic and international, meet Bank policy guidelines, Uniform Customs and Practice for Documentary Credit (UCP 600) and International Standby Practices (ISP98) regulatory requirements, risk controls and Generally Accepted Accounting Practices (GAAP) while providing a service to the.

What You Will Be Doing

• Coordinating and overseeing the correspondent relationship as it relates to Import/Export Letter of Credits, Commercial, Standby and Performance Letter of Credits and Documentary Collections
• Upon approval of Letter of Credit, working as Liaison between Client, Lender and correspondent bank to assist Client from request to issuance of document
• Coordinating with Loan Documentation department the issue of support documentation for Client Letter of Credit
• Coordinating the input of Letters of Credit onto the FiServ system to mirror the correspondent system
• Coordinating preparation of all pertinent files, maintain files and ensure secure handling of document files
• Compiling and preparing all required reporting for portfolio Letters of Credits. Submitting all reports accurately, timely and in a professional format
• Drafting procedures pertaining to all correspondent activity, internal activity and continuing to maintain and update as processes are modified
• Monitoring department standards to level that will pass internal audits and external exams with Satisfactory rating
• Training other personnel in the Compliance Monitoring department to perform to the Letter of Credit Liaison position and be cross trained in the other Compliance Monitoring positions to perform those positions as needed
• Reviewing and maintaining up to date forms and processes on the Loan Ops Bank's Intranet site

• High school diploma or GED required; four year College degree in Business preferred
• 5 plus years of Letter of Credit experience working with Import/Export Commercial Letters of Credit, Standby and Performance Letter of Credits and Documentary Collections (Incoming & Outgoing) preferred