Letter of Credit Officer obtains necessary information to process and complete letters of credit and related financial transactions. Verifies all documentation for accuracy and completeness. Being a Letter of Credit Officer ensures all credit data is evaluated and adheres to bank policies and procedures in order to approve or deny applications. Provides support to lending officers and trade specialists. Additionally, Letter of Credit Officer may require a bachelor's degree. Typically reports to a manager or head of a unit/department. The Letter of Credit Officer gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be a Letter of Credit Officer typically requires 2 to 4 years of related experience. (Copyright 2024 Salary.com)
Summary: To assist the lenders in underwriting commercial loans and consumer loans as needed to properly analyze and document the risks associated with the individual credits as well as any other issues necessary to properly evaluate the request for an extension of credit.
Essential Duties and Responsibilities in the following but not limited to this only:
Qualifications:
Education/Skills:
Credit Analysts are required to hold a bachelor’s degree in finance, accounting, or a related field.
Credit Analysts typically must have a high degree of technical competence. The ability to work independently and strong attention to details are required skills.
Work Experience:
Two to five years’ experience working with credit or loan evaluation is required,
Physical Demands:
This position requires manual dexterity, the ability to lift files and open filing cabinets. This position requires bending, stooping or standing as necessary. Must be able to lift up to 10 pounds.
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0 Letter of Credit Officer jobs found in Gulfport, MS area