Letter of Credit Coordinator
Company: Bank of America
Location: Scranton
Posted on: April 3, 2026
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Job Description:
Job Description: At Bank of America, we are guided by a common
purpose to help make financial lives better through the power of
every connection. We do this by driving Responsible Growth and
delivering for our clients, teammates, communities and shareholders
every day. Being a Great Place to Work is core to how we drive
Responsible Growth. This includes our commitment to being an
inclusive workplace, attracting and developing exceptional talent,
supporting our teammates’ physical, emotional, and financial
wellness, recognizing and rewarding performance, and how we make an
impact in the communities we serve. Bank of America is committed to
an in-office culture with specific requirements for office-based
attendance and which allows for an appropriate level of flexibility
for our teammates and businesses based on role-specific
considerations. At Bank of America, you can build a successful
career with opportunities to learn, grow, and make an impact. Join
us! Job Description: This role is responsible for transacting
letters of credit for Business Banking and Commercial Banking
clients. Key responsibilities include preparing and reviewing
letter of credit documentation, and obtaining transaction
information. Job expectations include collecting and managing
client credit history and financial information in accordance with
policies and procedures. Additional responsibilities include
utilizing professional judgment in determining appropriate
resolution of client needs. Responsibilities: Resolves escalated
client requests, leveraging resources across other functional areas
Consults independently and liaises with business partners to ensure
customer requirements are fully met within specific timeframes
Exercises loan authority in concert with credit/risk management to
extend appropriate financing solutions to customers for letter of
credit transactions according to underwriting guidelines
Communicates crisply and candidly Monitors the timeliness of the
overall letter of credit fulfillment process to achieve client
delight Minimum Qualifications: Minimum of 3 years of experience in
Commercial Banking , with direct exposure to trade finance, letters
of credit, or related commercial lending operations. Demonstrated
experience supporting Letters of Credit , including issuance,
amendments, draws, renewals, or document examination, within a
financial institution or commercial banking environment. Strong
working knowledge of commercial banking products and processes ,
including credit facilities, collateral documentation, and
compliance requirements. Experience reviewing and processing
financial and legal documentation with a high degree of accuracy
and attention to detail. Ability to interpret and apply regulatory
and policy requirements related to letters of credit (e.g., UCP
600, ISP98, internal bank policies). Proficiency with banking
systems and tools used in commercial operations (e.g., trade
finance platforms, document management systems, Microsoft Office).
Strong written and verbal communication skills , with the ability
to interact effectively with internal partners, clients, and
external counterparties. Ability to manage multiple priorities in a
deadline?driven environment , while maintaining quality and
compliance standards. Skills: Collateral Management Customer and
Client Focus Due Diligence Legal Structures and Legal Forms
Prioritization Attention to Detail Financial Processing Oral
Communications Relationship Building Written Communications Data
Collection and Entry Quality Assurance Research Risk Management
Minimum Education Requirement: High School Diploma / GED /
Secondary School or equivalent Shift: 1st shift (United States of
America) Hours Per Week: 40
Keywords: Bank of America, Union , Letter of Credit Coordinator, Accounting, Auditing , Scranton, New Jersey
