Hedge Closer

About the role

At SouthState, we combine personal relationships with forward-thinking solutions. The Hedge Closer supports the Correspondent Division ARC team and Commercial Loan Officers by providing analytical, marketing, and documentation support related to interest rate hedging activity.

Responsibilities

• Supports sales team by providing borrower presentations, review and submission of credit memos for hedge approval
• Reviews customer credit analysis and borrower hedging requests
• Communicates with Commercial Lenders and borrowers
• Reviews legal closing documents and drafts Rate Conversion Agreements
• Schedules closings and communicates with internal and external stakeholders
• Interacts closely with the ARC trading desk to ensure trades are executed correctly
• Ensures all work prepared is timely and accurate within department guidelines
• Researches and analyzes financial data, interprets and prepares reports of financial position, and prices basic interest rate derivatives (swaps, caps, floors, and collars)
• Communicates directly with customers, CPAs, and internal company comptrollers regarding financial statements, accounting methods, derivative pricing, and related information
• Undertakes special projects related to job function

Requirements

• Understands derivative products and financial pricing concepts
• Deep knowledge of derivative modeling in Bloomberg
• Understanding of commercial credit and underwriting criteria
• Ability to model and explain interest rate derivatives pricing concepts to sales team
• Knowledge of CRE lending
• Proficient with Microsoft Office (Word, Excel, Outlook), Bloomberg, and other department software
• Ability to learn new software programs as rolled out by the Bank
• Well-organized, accurate, and attentive to detail
• Cooperative and willing to assist coworkers and customers regularly
• Excellent multi-tasking skills and ability to function well under pressure
• Composed under pressure and responsive to customer and coworker concerns
• Excellent attention to detail and ability to follow instructions

Qualifications

• Bachelor’s degree in business, finance, or accounting (recommended for understanding financial statements and industry evaluations)
• Finance/Accounting related work experience of at least five years (in lieu of a degree)
• Required annual compliance training and New Employee Orientation

Physical Demands

• Must be able to effectively access and interpret information on computer screens, documents, and reports
• Large amount of time spent in front of a computer (sitting or standing with an adjustable desk)

Work Environment

For telecommuters or hybrid roles: A secure home office environment free from background noise and distractions is required, along with a reliable private internet connection (cable or fiber preferred, not cellular hotspot).

Travel

Travel may be required for meetings as needed.

Pay

$49,863.00 - $79,653.00 per year