Address
Form of workProvide customer service to the Bank's members and housing associates handling Municipal, Stand-by letters of credit, , on-line entitlements, and mergers.
Process and verify entry of Letters of Credit requests including Municipal Letters of Credit with members
Contribute to memos to Manager with project/job status/details.
Create advance, letter of credit and Funding Agreement, Process Global Authorization Forms / corresponding entitlements for all related systems and administer entitlements for 1Link and 1Link SK.
Essential Duties
- Perform data entry and verify transactions into Bank EDP systems that meet credit criteria for Letters of Credit.
- Responsible for taking action for Credit Services ("CS") upon member related mergers including to ensure all proper documentation is received.
- Process Stand-by Letters of Credit and cover Municipal Letters of Credit including all letter of credit transactions [draws, transfers, amendments, and renewals]
- Review and assist to keep up to date Procedures and ensure SOX controls are up to date.
- Generate reports / execute data queries via Excel, assist with Special Data Requests fulfillments with the FHFA.
- Perform various reconciliation processes (start and end of day) including any pertinent GL accounts.
- Prepare and review credit documentation.
- Assist in the coordination and resolution of member mergers and account closings.
- Assist with merger coordination when necessary to cover vacations - monitoring alerts (secondary check to membership Coordinator), create Account Resolution Letter based on business unit input, coordinate with acquiring institution rep, and coordinate post-merger activities up to and including account closure(s).
- Perform all other duties as assigned.
Experience
Four years plus in a similar role with a financial institution. Knowledge of financial markets and proficient with PCs (spreadsheets, databases).
Skills
Excellent communication skills / customer service. Strong working knowledge of Microsoft Excel, Word, PowerPoint and Outlook. Detailed oriented and ability to multi-task to work in a. fast paced, team environment.
Education
BA or BS in business administration or finance, comparable work experience will be considered.
Salary Range:
$75,000 to $90,000
Skills:
