Letter of Credit Specialist: Salt Lake City, UT

BankTalent HQ
Competitive
vision insurance, parental leave, paid time off, tuition reimbursement, 401(k), profit sharing
United States, Utah, Salt Lake City
Jan 02, 2025
Zions Bancorporationis one of the nation's premier financial services companies operating as a collection of great banks under local brands and management teams in high-growth western markets. Zions is regularly recognized by American Banker as one of the "Best Banks to Work For"and as having a top banking team in its list of "The Most Powerful Women in Banking."Our customers consistently vote us as the best bank in our local markets. We value our employees, and we are committed to search out, recognize and create fulfilling opportunities for outstanding people within our organization, rewarding them for their contributions to our success. We recognize that banking is a "local" business, and that to be successful, we must have very strong ties to the communities we serve and strong relationships with our customers. With benefits starting on day one, 11 bank holidays, profit sharing and company-matched 401(k) contributions, Zions is dedicated to being an employer of choice in our communities. At Zions, the possibilities are endless. You bring the talent; we bring the opportunity. We are currently seeking a Letter of Credit Specialistto join our team. You will be an excellent fit for this position if you have the skills and experience necessary to : Responsible for day-to-day processing of Collection and Trade Finance transactions to facilitate revenue generation and business development. Processing Import/Export Documentary Collections daily transactions. Responsible for one or more of the following: 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. 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. Who should apply ? Requires a high school degree or equivalent and 1+ year of related international trade and/or letter of credit operations experience within a financial institution or other directly related experience. A combination of education and experience may meet job requirements. Working knowledge of trade finance transactions, documents, collections and compliance regulations. Knowledge of and understanding SWIFT and FedWIRE transactions. Good customer service, communication and interpersonal skills to interact effectively with clients and all levels of Bank personnel. Good analytical and problem-solving skills. Must be detail-oriented and accurate in a deadline-driven, multitask-oriented environment. Basic computer experience required, e.g. Microsoft Word, Excel, Outlook and PowerPoint. This role will evolve into a full Letter of Credit Specialist, responsible for processing the issuance of Standby and Commercial Letters of Credit upon receiving proper credit approval and required application documentation. The specialist will advise customers on Export Letters of Credit, examine documents presented under all types of L/Cs for compliance with terms and conditions, and execute payments as directed. 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) and 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 Location Amenities:** Located in the heart of downtown Salt Lake City, the Zions Bank Building serves as the headquarters of both Zions Bancorporation and Zions Bank. The building sits adjacent to City Creek Center, a world-class shopping and dining destination with more than 100 stores and restaurants. The Zions Bank Building stands tall among Salt Lake City's central business district, providing hundreds of team members with an exceptional work environment and features such as: Easy access to the City Creek UTA TRAX station, as well as various electric vehicle charging stations in most City Creek area garages; An employee-only fitness center and bike storage; An employee lounge, kitchen, micro market, game tables, couches and TVs; Private mothers' rooms and lockers; and Access to downtown shopping, dining, arts and entertainment.