Letter of Credit Specialist- In-Office Salt Lake, UT
About The Position
Zions Bancorporation is seeking a Letter of Credit Specialist in Salt Lake City, UT. This role is responsible for the day-to-day processing of Letter of Credit, Collection, and Trade Finance transactions to support revenue generation and business development. The specialist will handle the issuance of Standby and Commercial Letters of Credit, advise on Export Letters of Credit, examine documents for compliance, and process payments. Additionally, the role involves monitoring auto-renewals of Standby Letters of Credit, managing Trade Finance Loans and fees, providing technical guidance to customers and branch personnel, inputting transactions into the trade finance system, and assisting with reporting. Zions Bancorporation values its employees and offers a supportive work environment with opportunities for growth.
Requirements
- Requires a high school degree or equivalent and 2+ year of related international trade and/or letter of credit operations experience within a financial institution or other directly related experience. A combination of education and experience may meet job requirements
- Advanced knowledge of trade finance transactions, letter of credit issuance and documents, collections and compliance regulations.
- Advanced knowledge of and understands SWIFT and FedWIRE transactions.
- Excellent customer service, communication and interpersonal skills in order to interact effectively with clients and all levels of Bank personnel.
- Advanced analytical and problem solving skills.
- Must be detail-oriented and accurate in a deadline-driven, multitask-oriented environment.
- Advanced computer experience required, e.g.. Microsoft Word, Excel, Outlook and PowerPoint.
Responsibilities
- Responsible for day-to-day processing of Letter of Credit, Collection and Trade Finance transactions to facilitate revenue generation and business development.
- Responsible for one or more of the following; Issuance of Standby and Commercial Letter(s) of Credit upon proper credit approval/receipt of required application documentation, advising Export Letter(s) of Credit to customers, examines documents presented under all types of L/C's for compliance to terms/conditions and pays as directed.
- Monitors Standby Letter(s) of Credit auto renewal(s).
- Trade Finance Loans and fees on all products.
- Provides counsel to customers/branch personnel on technical aspects of products/processes.
- Input(s) all transactions into the trade finance system.
- Assists with reporting as needed.
- Other duties as assigned
Benefits
- Medical, Dental and Vision Insurance - START DAY ONE!
- Life and Disability Insurance
- Paid Parental Leave
- Adoption Assistance
- Health Savings (HSA)
- Flexible Spending (FSA)
- Dependent care accounts
- Paid Training
- Paid Time Off (PTO)
- 11 Paid Federal Holidays, and any applicable state holidays.
- 401(k) plan with company match
- Profit Sharing
- Competitive compensation in line with work experience.
- Mental health benefits including coaching and therapy sessions.
- Tuition Reimbursement for qualifying employees enrolled in an accredited degree program related to the needs of the business, maximum of $5,250 per calendar year, employees are eligible for the program upon hire.
- Employee Ambassador preferred banking products.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
