Standby Operations Associate

U.S. Bank

. Process fees and payments related to Standby Letters of Credit .

Posted 5/21/2026full-timeGresham • Minnesota, Oregon • 🇺🇸 United StatesJuniorMid-Level💰 $28 - $37 per hourWebsite

About the role

Key responsibilities & impact

Process fees and payments related to Standby Letters of Credit
Manage collections and Accounts Receivable (AR) activities, invoice distribution, follow‑up, and refunds
Review and validate periodic commissions, rates, and fee calculations within internal systems
Process correspondent bank fees and assist with the collection of fees subject to tax
Respond to internal and external customer inquiries, partnering closely with Relationship Managers (RMs) —primarily via email, with phone support as needed
Review transaction data and documentation to ensure completeness, accuracy, and compliance with policies, procedures, and service level standards
Investigate discrepancies, research issues, and collaborate with internal partners (e.g., configuration, team and customer service team on system s updates and enhancements , and other accounting partners ) to resolve setup or processing issues
Ensure appropriate documentation, controls, and capacity are in place to complete daily work accurately and on time
Own and perform more complex reconciliations, including: DDA + GL Exception report, Miscellaneous AR reports, Accrual report
Provide deeper accounting oversight and ongoing management of reconciliation reports
Support the team through system enhancements, legacy item clean‑up, and conversion‑related activities

Requirements

What you’ll need

High school diploma or equivalent
Five or more years of relevant work experience
Strong attention to detail and commitment to accuracy
Problem‑solving and investigative mindset; ability to research issues and think outside the box
Solid accounting aptitude or comfort working with financial data, fees, rates, and reconciliations
Ability to manage multiple priorities and meet deadlines in a fast‑paced, team‑based environment
Clear, professional written and verbal communication skills
Willingness to learn new systems, products, and processes
Experience with Standby Letters of Credit , trade finance, or global banking operations (preferred, not required)
Background in banking, mortgage operations, or financial services
Experience with reconciliations, AR, accruals, or exception reporting
Comfort working in email‑heavy roles with internal and occasional external client interaction

Benefits

Comp & perks

Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short-term and long-term disability
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and tenure)
Up to 11 paid holiday opportunities
Adoption assistance
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

ATS Keywords

✓ Tailor your resume

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools

accounts receivablereconciliationsfinancial data analysisfee calculationsexception reportingStandby Letters of Credittrade financeglobal banking operationsinvoice distributiontax compliance

Soft Skills

attention to detailproblem-solvinginvestigative mindsettime managementcommunication skillsteam collaborationadaptabilityorganizational skillscustomer servicecommitment to accuracy

Certifications

high school diploma or equivalent