Trade Credit Services Associate

Trade Credit Services Associate

The Trade Credit Services Associate reviews and processes all Standby Letter of Credit products under client portfolio. This is a tactical and transactional role with a broad range of responsibilities related to the department and the bank's objectives. Serves as an expert resource based on experience handling Standby Letters of Credit transactions. May train others. Follows established guidelines to identify problems and frequently applies subject matter expertise to resolve problems and issues.

Responsibilities:

• Reviews and processes Standby Letter of Credit products assigned deals into the LoanIQ system.
• Verifies that bank records accurately reflect the terms of the credit agreement and approval limits.
• Accurately process and book standby letters of credit
• Quality assures lending services to customers and supports the maintenance of accurate data in their profiles.
• Interprets reimbursement agreements, approved credit applications and credit agreements.
• Adheres to internal and external regulatory policies and procedures.
• Troubleshoots basic structure related functional problems/issues.
• Verifies that all monies due to the bank are collected and/or reconciled.
• Supports Treasury Desk and its daily requirement to accurately manage its cash and funded positions.
• Manages end-to-end work flow; prioritizes team tasks in accordance with departmental objectives.
• Trains and coaches staff; provides technical expertise as needed.
• Investigate audit requests.
• Participates in Disaster Recovery exercises to ensure smooth recovery of applications in the event of unplanned business disruption.

Qualifications and Skills:

• Extensive knowledge of UCP, ISP regulations
• Extensive knowledge of Evergreen L/Cs and Direct Pay L/Cs (monthly draws).
• Functional knowledge of 700 SWIFT series (i.e. 799,760, 767)
• Strong analytical and critical thinking skills, with ability to analyze risk and identify mitigating factors
• Ability to coordinate and communicate with various internal departments across the organization.
• Excellent verbal, interpersonal and written communication skills.
• Excellent mentoring and management proficiency with demonstrated ability to influence others.
• High level customer service mindset with a commitment to supporting both internal and external stakeholders.
• Work Experience: 5 to 7 years of comparable or relevant experience
• Education: BA/BS
• Skills: MS Word, MS Excel, MS PowerPoint, MS Access; LoanIQ, SWIFT

Additional Requirements:

SMBC's employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.

SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.