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Posted: Tuesday, February 6, 2018 10:10 PM

Support a middle office function by actively reviewing approved credit applications, reimbursement agreements, and supporting documentation for issuance of standby letters of credit in bi-lateral and syndicated transactions. Able to read and interpret credit agreements, support software processes, has an understanding of Loan IQ (the Bank s loan booking system), and can communicate via telephone with a variety of people including customers, banks, and client executives.
Key Responsibilities:
+ Complete coordination, review, and system (LIQ) input of assigned new deals and amendments to ensure bank's books accurately reflect the intentions of the credit agreement and credit approval
+ Accurately issue, process and book standby letters of credit
+ Reimbursement Agreements, Credit Agreements and Credit Applications
+ Complete assigned projects to address workflow or business related matters
+ Adhere to internal and external regulatory policies and procedures
+ Able to review and interpret Reimbursement Agreements, Credit Agreements, and Credit Applications
+ Ability to issue Standby LCs in SWIFT and WORD format
+ Working knowledge of 700 SWIFT series (799, 760, 700)
+ Working knowledge of UCP and ISP regulations
+ Familiarity with Evergreen LCs and Direct Pay LCs (Monthly Draws)
+ Follow instructions very well; detail-oriented
+ Understand all aspects of deal/loan administration functions and tasks
+ Previous use of LIQ preferred, but not required, or like loan/letter of credit system
+ Ability to construct and amend bilateral and syndicated deal structures
+ Ability to trouble-shoot basic structure/loan related functional problems/issues
+ Minimum of 2-3 years of experience in letters of credit administration and issuance; managing bilateral and agented deals
+ Project management skills
+ Highly organized approach in meeting job requirements
+ Follows instructions very well; detail-oriented
+ Team-oriented; willingness back-up and cross-train on all departmental functions
+ Strong communication, both orally and in writing
+ Experienced in effective communication with external and internal customers; has experience interfacing with relationship managers, customers, and other related departments
+ Four-year college degree; or equivalent experience and training with a minimum of 2-3 years in banking
+ Strong knowledge of LIQ preferred, but not required
+ Strong or expert knowledge of MS Excel and MS Word
Key Competencies:
+ Business/Product Knowledge
+ Letter of Credit Issuance & Administration
+ Interpret reimbursement and credit agreements
+ Communication
+ Strong oral and written skills
+ Builds relationships
+ Problem Solving
+ Leadership
+ Initiative
+ Team Player
**Job Locations** _US-NY-New York_
**Career Category** _Operations_
**Position ID** _2017-0720_
**Corporate Title** _N/A_
**Posting Date** _11/29/2017_
**Type** _Full-Time_
SMBC is an EO employer M/F/Veteran/Disability
Associated topics: credit, file, financial record, loan closer, loan collections officer, mortgage, mortgage clerk, mortgage process, verify, verification


• Location: Manhattan

• Post ID: 158627542 manhattan is an interactive computer service that enables access by multiple users and should not be treated as the publisher or speaker of any information provided by another information content provider. © 2018