Correspondent Loan Specialist

Pay Range: $28.88 - $38.51NBT 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 loansor letters of credit preferred

Skills and Abilities:

• Demonstrated analytical and problem-solving skills
• Ability to enhance procedures and recommend improvements to process
• Advanced organizational skillsrequired
• 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 processing 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 advancedcomplex commercial functions, resolvingunreconciled interest accrual, interacting with correspondent banks, internalcustomers 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 anddemonstrate ongoing compliance with all laws and regulations applicable to this position. Ensureongoing adherence to pertinent policies, procedures,and internal controls. Ongoing Focus 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

Why Work at NBT

At NBT we empower people to grow, innovate, and thrive through meaningful work, a supportive culture and opportunities to make a real impact in your community – because your success drives our success.

Wellbeing

At NBT, we value and support your wellbeing by offering generous time-off policies, wellness initiatives and flexible work arrangements, so you can thrive both personally and professionally.

Community Involvement

NBT believes community involvement fosters our success and the success of those around us. Through volunteer service and charitable partnerships, we empower our employees to make a positive impact beyond the workplace.

Culture

NBT believes in creating a workplace where every voice matters and every team member feels empowered to contribute. With supportive leadership, we foster an environment where employees are connected, inspired, and valued.

Career Development

Whether you’re just starting your career or serve in a senior leadership role, your growth and development are our priority. NBT provides a wide variety of development programs and tools for you to reach your full potential.

Total Rewards

NBT recognizes and rewards your contributions with competitive compensation, comprehensive benefits and performance-based incentives – ensuring you feel valued every step of the way.

Business Stability

NBT has built a reputation as a stable financial institution by growing our people and our business, evolving our processes and managing risk. We've weathered the market's ups and downs for over 165 years, all while charting a well-defined growth plan.

Benefits for Full-Time Employees:

• Generous Paid Time Off: At least 22 days annually, prorated in the year of hire.

• Parental Leave: Six weeks of paid leave at 100% of your salary.

• Comprehensive Medical Coverage: Includes employer contributions to HSA for High Deductible Health Plan participants.

• Dental and Vision Coverage: Ensuring your overall health and well-being.

• Flexible Spending Accounts: For healthcare and dependent care expenses.

• Employer-Paid Disability Coverage: Both short-term and long-term, with an option to purchase additional long-term coverage.

• Life Insurance: Employer-paid basic life insurance, with an option to purchase supplemental coverage.

• Voluntary Benefits: Including hospital, accident, and critical illness coverage.

• Retirement Plans: Benefit from a 401(k) plan with employer matching, an optional Roth 401(k), and a pension plan to help secure your future.

• Adoption Assistance: Supporting your growing family.

• Tuition Reimbursement: Invest in your education and career growth.

• Employee Assistance Program (EAP): Access to support and resources.

• Pet Insurance: For all your furry friends.

• Financial and Banking Services: Various banking services benefits and financial planning assistance.

Benefits for Part-Time Employees Working 20+ Hours/Week:

• Medical Coverage: Includes employer contributions to HSA for High Deductible Health Plan participants.

• Dental and Vision Coverage: Ensuring your overall health and well-being.

• Voluntary Benefits: Including hospital, accident, and critical illness coverage.

• Generous Parental Leave: Six weeks of paid leave at 100% of your salary.

Benefits for All Part-Time Employees:

• Retirement Plans: Benefit from a 401(k) plan with employer matching, an optional Roth 401(k), and a pension plan for employees who work at least 1,000 hours in a calendar year, all designed to help secure your future

• Paid Sick and Safe Leave: For your health and safety.

• Employee Assistance Program (EAP): Access to support and resources.

• Financial and Banking Services: Various banking services benefits and financial planning assistance.