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)
City National Bank and Trust
Job Description: Credit Administration Officer
Department: Lending
Status: Full time
Description: The Credit Administration Officer is responsible for managing and coordinating the clerical, administrative processing and underwriting functions of the bank’s lending operation. Develops, defines, recommends, and supervises overall policies and procedures. Provides advice and guidance to others engaged in loan activities to ensure that loans are properly processed and that adequate controls are maintained. Attends and maintains loan officer training. Works with the Compliance Officer to insure regulatory compliance is in place.
Responsibilities: This position reports directly to the Chief Lending Officer.
Requirements:
Other Duties: Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibility that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
Training to Include:
Physical Demands: This position is largely a sedentary role, requiring the ability to use typical office equipment such as a computer, laptop and cell phone, with most work completed in a professional office environment. The ability to travel to other locations is required.