Description
Job Summary
This individual will be responsible for supporting all functional activities of the Letter of Credit portfolios for Commercial and Small Business Lending across the Northwest Bank footprint.
This role will prepare all associated applications, reimbursement agreements, guarantees, pledge and security agreements, etc.
necessary to support the underwriting requirements defined in Credit memo. Issue, amend, renew, examine draws, and process maintenance activities for standby Letters of Credit and conduct international trade transactions for import and export Letters of Credit.
Individual will also assist the Specialty Loan Operations, which currently includes deals originated via Corporate Finance, Sponsor Finance, Sports Finance, Restaurant Franchise and Secondary Market lending areas.
Such tasks may include administrative support transactions associated with participated, syndicated, and indirect commercial and / or Small Business loans.
This individual must be able to adhere to several different process flows and multifarious documentation and be responsible to mitigate operational risks.
Must manage time constraints and meet both internal and external customer expectations while applying superior analytical skills and advanced Letter of Credit and loan documentation knowledge to each transaction.
Essential Functions
Issue and amend all Letters of Credit in accordance with Northwest policies, procedures, and industry standards. Structure the terms and conditions of each Letter of Credit and amendment while preparing all required operations' checklists, system forms and instruction for proper compliance, legal, and core system risk mitigation.
Coordinate and curative actions required by independent review
Examine standby Letter of Credit documents presented for payment in accordance with global / standard banking rules of practice and law to determine payment or refusal.
Prepare and review all Letter of Credit documentation from numerous origination sources, such as LaserPro, Global Trade, SyndTrak, LaswyerPro and other utilized sources.
Interpreting complex credit agreements and related documents working with business partners in commercial lending, portfolio management and closing desk
Review and understand thoroughly approved credit memos defining the terms and conditions for issuance and amending of Letters of Credit;
coordinate and confirm due diligence activities
Conduct and participate in collaborative calls as an essential Northwest team member for the product
Provide all necessary on-boarding data, forms, certifications necessary for new client compliance adherence
Support requested loan advances received from lead banks under participation and syndicated loan facilities. Process maintenance transactions such as annual review date, maturity dates, etc.
and other tasks as assigned
Education and Experience preferred
The pay range for this position is generally $22 - $30 per hour. Actual pay is based on various factors including but not limited to the successful candidate's experience, skills, and knowledge.
Additional bonus earning opportunities and benefits are also available.
Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant.
However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
Last updated : 2024-04-10
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