Pay Range: $27.63 - $36.89NBT Correspondent Loan Specialists is responsible for administration of complex credit facilities including interest rate swaps, participations, syndications and letters of credit (domestic and international) They independently perform complex operational tasks within commercial loan Operations with advanced knowledge of business processes. Utilize technical expertise in the designated area and resolve escalated issues. Apply advanced knowledge of commercial loan documentation and products, commercial setup in loan accounting system, policy, procedures, regulations, and law to area of focus ensuring accurate completion of assigned responsibilities. Analyze and complete requests for creation of LC documentation and setup, maintenance, verification, and data collection. Work with correspondent banks in settlement of payments and draws and letters of credit. This role supports both monetary and non-monetary transactions, which require reconciliation. Provide expertise and guidance to internal customers and more junior staff. Utilize developed analytical and problem-solving sills and collaborate with peers, and managers to resolve issues and achieve goals. Creates and updates procedures, with supervisor’s approval, while ensuring compliance and following regulations. Activities directly impact customer accounts, bank reporting, and real time information. May conduct research, prepare reports and furnish information to authorized persons within and external to the bank. Provide technical expertise in support of interest rate swap system, loan accounting system and correspondent bank process. Participates in implementation and testing of commercial and loan origination systems and loan accounting system.Education and Experience:
Bachelor’s degree and 3 years’ experience required . Or equivalent combination of education and experience.
Prior experience in commercial loans or letters of credit preferred
Skills and Abilities:
De monstrated analytical and problem-solving skills
Ability to enhance procedures and recommend improvements to process
Advanced organizational skills required
Good communication skills (written and oral) required
The incumbent should have sound knowledge of legal statutes that pertain to commercial lending including contract and UCC law, collections, compliance, etc.
Accounting and computer skills preferred.
Unique Job Requirements & Characteristics:
Ability to deliver high quality work in a friendly and fast paced environment
Ability and willingness to learn new skills
May occasionally be required to work outside of normal business hours, including evenings or weekends
Tasks Performed:
50% Accountable for p rocess ing a variety of complex monetary/non-monetary transactions and/or tasks as assigned , which may include but are not limited to: providing guidance to teammates on advanced complex commercial functions , resolv ing unreconciled interest accrual , i nteract ing with correspondent banks, internal customers and General Counsel . Complete high-level tasks on the team requiring analysis and independent judgement and decision making .
15% Provide support to internal and/or external customers as well as department teammates, cross train on and provide coverage for other team duties as required.
15% Maintain proficient knowledge of and demonstrate ongoing compliance with all laws and regulations applicable to this posit i on. Ensure ongoing adherence to pertinent policies, procedures, and internal controls. Ongoing F ocus on risk and fraud mitigation.
10% Upholds service level standards under normal conditions. .
5% Develop and update procedures in conjunction with the supervisor and assist with employee training and onboarding.
5% Other duties as assigned
Physical Requirements:
Communicate effectively with internal and/or external customers
Stationary 75% of time or greater
Move Objects to Maximum 10 lbs
NBT Bank offers a stimulating work environment that recognizes talent and encourages teamwork. Our employees benefit from a total compensation package, including competitive salary, bonuses and a wide range of benefits for eligible employees - like our Student Loan Repayment Program. Join NBT Bank and build your career through the many growth, learning and collaborative opportunities made available across the company.
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NBT Bank is an equal opportunity employer and fully supports a diversified environment. We do not discriminate against any applicant or employee because of race, color, religion, sex, national origin, age, disability, sexual orientation, marital status or veteran status, recently separated veterans, genetic information, victims of domestic violence and stalking or any other class protected by Federal, State or local law. This policy applies to all terms of employment. NBT Bank is inclusive and supportive of individual needs. If you have a physical or other impairment that might require an accommodation, including technical assistance with the Careers website or submission process, please call 1-888-804-1771 or contact us via email at [email protected]. The Human Resources Shared Service Center hours of operation are Monday through Friday, 8:00 AM to 5:00 PM EST.