Jr Letter of Credit Specialist (Full Time) - OKC, 23rd St at PROSPERITY BANK

Oklahoma City, Oklahoma, United States -

Full Time

Start Date

Immediate

Expiry Date

11 Jun, 26

Salary

0.0

Posted On

13 Mar, 26

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Letter Of Credit Preparation, Review, Monitoring, Compliance, Partnership Building, Loan Documentation, System Onboarding, Quality Control, LaserPro Software, MS Word, MS Excel, Outlook, Attention To Detail, Interpersonal Skills, Communication Skills

Industry

Banking

Description

External Applicants: Please apply through Prosperity Bank's Career Center at https://www.prosperitybankusa.com/Careers [https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.prosperitybankusa.com%2FCareers&data=05%7C02%7Csandra.olivarez%40prosperitybankusa.com%7C4351c6288a4f46ccbc9e08dcd40d9146%7C00eda10cf32f45b88e91257da01a8f7c%7C0%7C0%7C638618401955642480%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=yg2VkStkdrf7Of6ttN7si0bcqfep9Z6KvaukXq%2BSYpI%3D&reserved=0]. Applying through any other source may prevent Prosperity from receiving your application. Internal Applicants: If you are a current associate of Prosperity Bank, please apply through the internal Talent - Career Center in ADP. Prosperity Bank is an Equal Opportunity Employer. ---------------------------------------- POSITION PURPOSE The Junior 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 AND BASIC DUTIES * 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, attorney prepared, and those that may be participated or syndicated * Monitors auto renewable Letters of Credit and processes non-renewal notices within the timing requirements * Reconciles core system to monitoring spreadsheets and maintains such spreadsheets accurately * Works with Correspondent bank systems when required to issue, renew or modify Letters of Credit * Utilize LaserPro software to prepare loan documents as well as other bank templates maintained in MS 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 Quality Control of system onboarded loans and Letters of Credit * 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 * Performs other duties, tasks and special projects as required, assigned or directed The above statements describe the general nature and level of work only. They are not an exhaustive list of all required responsibilities, duties, and skills. Other duties may be added, or this job description amended at any time. SUPERVISORY RESPONSIBILITIES: This role has no supervisory responsibilities. ---------------------------------------- QUALIFICATIONS Education/Certification: High School graduate or equivalent; associate or bachelor’s degree is preferred Required Knowledge: Loan Documentation preferred Experience Required: Prior experience in a financial institution preferred Skills/Abilities: Organized, Attention to detail, Ability to multi-task, Interpersonal, Oral and written communication skills, Ability to read, interpret, and respond professionally to internal and external correspondence, MS Office Suite (Word, Excel, Outlook). ---------------------------------------- PHYSICAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION Talking: Especially where one must frequently convey detailed or important instructions or ideas accurately, loudly, or quickly. Average Hearing: Able to hear average or normal conversations and receive ordinary information. Repetitive Motion: Movements frequently and regularly required using the wrists, hands, and/or fingers. Average Visual Abilities: Average, ordinary, visual acuity necessary to prepare or inspect documents or products or operate machinery. Physical Strength: Sedentary work; sitting most of the time. Exerts up to 10 lbs. of force occasionally. (Almost all office jobs.) WORKING CONDITIONS None: No hazardous or significantly unpleasant conditions (such as in a typical office). MENTAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION Reasoning Ability: Ability to deal with a variety of variables under only limited standardization. Able to interpret various instructions. Mathematics Ability: Ability to compute discount, interest, profit, and loss; commission markup and selling price; and ratio, proportion, and percentage. Able to perform very simple algebra. Language Ability: Ability to read a variety of books, magazines, instruction manuals, atlases, and encyclopedias. Ability to prepare memos, reports, and essays using proper punctuation, spelling, and grammar. Ability to communicate distinctly with appropriate pauses and emphasis, correct pronunciation (or sign equivalent), and variation in word order using present, perfect, and future tenses. Monday - Friday: 8:00AM - 5:00PM

Responsibilities

The Junior Letter of Credit Specialist is responsible for executing all daily tasks related to the creation, examination, and tracking of Letters of Credit, ensuring strict adherence to regulatory compliance and bank policies. This role involves establishing and maintaining strong professional relationships with various internal and external stakeholders, including lenders, borrowers, attorneys, and correspondent banks.