Description

　　Job SummaryThis individual will be responsible for supporting all functional activities of the Letter of Credit portfolios for Commercial and Small Business Lending across the Northwest Bank footprint. This role will prepare all associated applications, reimbursement agreements, guarantees, pledge and security agreements, etc. necessary to support the underwriting requirements defined in Credit memo. Issue, amend, renew, examine draws, and process maintenance activities for standby Letters of Credit and conduct international trade transactions for import and export Letters of Credit.Individual will also assist the Specialty Loan Operations, which currently includes deals originated via Corporate Finance, Sponsor Finance, Sports Finance, Restaurant Franchise and Secondary Market lending areas. Such tasks may include administrative support transactions associated with participated, syndicated, and indirect commercial and/or Small Business loans.This individual must be able to adhere to several different process flows and multifarious documentation and be responsible to mitigate operational risks. Must manage time constraints and meet both internal and external customer expectations while applying superior analytical skills and advanced Letter of Credit and loan documentation knowledge to each transaction.Essential FunctionsIssue and amend all Letters of Credit in accordance with Northwest policies, procedures, and industry standards. Structure the terms and conditions of each Letter of Credit and amendment while preparing all required operations' checklists, system forms and instruction for proper compliance, legal, and core system risk mitigation. Coordinate and curative actions required by independent reviewExamine standby Letter of Credit documents presented for payment in accordance with global/standard banking rules of practice and law to determine payment or refusal. Complete all processing for honored payments across multiple systems and applicationsPrepare and review all Letter of Credit documentation from numerous origination sources, such as LaserPro, Global Trade, SyndTrak, LaswyerPro and other utilized sources. Interpreting complex credit agreements and related documents working with business partners in commercial lending, portfolio management and closing deskReview and understand thoroughly approved credit memos defining the terms and conditions for issuance and amending of Letters of Credit; coordinate and confirm due diligence activitiesInitiate auto extension notifications, requests for credit approvals for satisfaction of all SOX controls and processing of Letters of Credit with auto extension provisions adhering to all commercial credit policiesProcess all early cancellations, expirations and associated collateral release functions for Letter of CreditPerform activities related to Letter of Credit core system set-up, fee payment, calculation, reconcilement, etc. to ensure accurate reporting of dataAct as point of contact between lender, underwriter, portfolio manager, client and closing desk to provide clear guidance and transparency for each Letter of Credit process. Conduct and participate in collaborative calls as an essential Northwest team member for the productUnderstand the application of International Chamber of Commerce publications ISP98, UCP600, URC522, ISBP to Letters of Credit and other trade service productsTransact import and export Letter of Credit and documentary collection processing utilizing the banks correspondent partner Global Trade application system. Provide all necessary on-boarding data, forms, certifications necessary for new client compliance adherenceSupport requested loan advances received from lead banks under participation and syndicated loan facilities. Process maintenance transactions such as annual review date, maturity dates, etc. and other tasks as assignedCoordinate the post-closing review of all Letters of Credit meeting he banks policies and procedures. Coordinate any curative actions required by the independent reviewRead and interpret complex legal credit agreements and related documents, working with multiple attorneys for the bank and borrowerPrepare all required documentation for the issuance and amending of Letters of Credit in accordance with Northwest and industry standards for the productInitiate renewal notifications, request for credit approvals for satisfaction of all controls and processing of Letters of Credit with automatic extension provisionsUnderstand the structure of various deals between participations (both lead and bought), assignments, syndications, and other specialty funding requirements and apply the appropriate processes specific to the dealUnderstand the application of the ISP98, UCP600, URC522 to Letters of Credit and other trade service productsPrepare and execute loan modifications and annual reviews as needed for the Specialty portfolioEnsure compliance with Northwest's policies and procedures, and Federal/State regulationsNavigate Microsoft Office Software, computer applications, and software specific to the department to maximize technology tools and gain efficiencyWork as part of a teamWork with on-site equipmentEducation and Experience preferredBachelor's degree in Business, Business Law, or Paralegal Program3-5 years of Commercial real estate lending experience3-5 years of loan closing and documentation function in law firm3-5 years of experience in title company closing commercial loans

　　The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

　　Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities