Sr Letter of Credit Specialist- 23rd Street OKC

External Applicants: Please apply through Prosperity Bank’s Career Center at https://www.prosperitybankusa.com/Careers. 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.

POSITION PURPOSE

The Senior 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 timing requirements
• Mentors Junior Standby Letter of Credit Specialists as needed
• Reconciles core system to monitoring spreadsheets and maintains such spreadsheets accurately
• Works with Correspondent bank systems when required to issue Letters of Credit
• Utilizes 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.
• Assist in preparation or reviews loan documents prepared by Junior Specialists that are either internally or externally prepared including but not limited to these collateral types: Commercial Real Estate, Business Assets, Equipment, Inventory, Furniture and Fixtures, Possessory, Oil and Gas Production
• 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
• Assist in Maintaining procedures and job aids regarding Letters of Credit and updates as needed
• 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.

QUALIFICATIONS

Education/Certification: 

High School graduate or equivalent; associate or bachelor’s degree is preferred

Required Knowledge: 

Loan Documentation & Commercial Real Estate Documentation

Experience Required: 

LaserPro experience, MS Word and Excel preferred. 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. 

Monday-Friday: 8:00am-5:00pm

40 hours

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