Specialized Loan Servicing Specialist

Valley Bank
Wayne, NJ, US
Full-time
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Responsibilities include but are not limited to :

  • Coordinate with internal and external third-party resources in performing the day-to-day operations of loan and agency servicing, participations servicing, and / or swap loan servicing for the bank's portfolio.
  • Ensure assigned specialized loans are serviced properly and efficiently through diligent monitoring of requests and strict adherence to procedures.
  • Reflect payments (principal, interest, escrow, sinking fund) accurately and efficiently in the loan system.
  • Ensure appropriate offsetting GL entries are reflected in conjunction with all servicing transactions.
  • Process new drawdowns, paydowns, and letter-of-credit activities for syndicated loan transactions. Process includes both loan system and reconciliation to 3rd party vendor.
  • Perform quality control functions and assist with reconciliations of loan system to 3rd party vendor.
  • Administer assigned deals by structuring them and booking them properly in the requisite systems.
  • Act as liaison to borrowers and participant bank representatives for syndicated loans, and all loan participations sold by providing service in a professional, efficient, and accurate manner.
  • Ensure all monies due and payable to the bank are collected and / or reconciled, and all past-due principal interest and fees are reported, followed up on, and ultimately collected.
  • Field and resolve requests from business line regarding loan payments and, where applicable, related swap payments. and related loan payments.
  • 30+ days ago
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