Letter of Credit Specialist- In-Office Salt Lake, UT

Zions Bancorporation • Salt Lake, UT

4d • Onsite

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 facilitate revenue generation and business development. The specialist will handle tasks such as issuing Standby and Commercial Letters of Credit, advising Export Letters of Credit, examining documents for compliance, processing payments, monitoring auto-renewals, and managing trade finance loans and fees. Additionally, the role involves providing expert advice to customers and branch personnel, inputting transactions into the trade finance system, and assisting with reporting. Zions Bancorporation is recognized as one of the nation's premier financial services companies, known for its strong local presence and commitment to its employees and communities. They offer a supportive work environment with opportunities for growth and reward for contributions.

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.
• 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.

Nice To Haves

• A combination of education and experience may meet job requirements

Responsibilities

• Responsible for day-to-day processing of Letter of Credit, Collection and Trade Finance transactions to facilitate revenue generation and business development.
• 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 and Adoption Assistance
• Health Savings (HSA), Flexible Spending (FSA) and 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED