Loan Administrator Loan IQ

Job Description

Job Description

Job ID : 34009933

Title : Loan Administrator

Duration : 6 Months

Location : Jersey City, NJ Hybrid - Onsite 2 days a week

Job Title : Loan Administrator

Job Description :

• The Loan Administrator is responsible for ensuring accurate and timely administration / servicing of the Bank's loan portfolio;
• ensures daily activity comply with state and federal laws, regulations and Bank lending policies and procedures; ensures department activities run smoothly;

and provides a high level of customer relations and service LAU Consultant will assist in all phases of new Agency deal closing process wherein role is as Administrative Agent or direct lender.

This includes providing expertise and guidance during pre-closing meetings, reviewing and providing comments on credit agreement and other closing documentation, coordinating funds flow, fee allocations and disbursement of funds and lender notification, and building deal in lending system.

Attention to detail is imperative especially with complex transactions (i.e Project Finance, Securitization, etc.).

AU Consultant will have exposure to and will handle various products such as ABL, equity fund finance and residential mortgage.

PRINCIPLE DUTIES AND RESPONSIBILITIES :

General Duties

Act as their LAU representative in coordinating transactions between customers, Agent Banks, Participant banks, Front office, Americas Treasury Division (ATD) and other parties

Manage the administrative aspect of all New Deal Closings. Calculating, invoicing and disbursing all deal related fees. Coordinating movement of funds related to initial funding and closing.

Work closely with Borrower and Bank Group.

Report to Management, Supervisors and Account Officer all transactions that require special handling or approval.

Credit Arrangement Maintenance

Independently manage administrative processes for complex loan deals as administrative agent, bilateral lender

Provide consultative support to Account Officers on operational deal structure issues

Review Document and Term Sheet / CA Booking Request in order to compare loan documentation to Credit Approval and ensure that the structure and content are identical;

and to create or maintain Accurate Credit Arrangements in ACBS.

Commercial Loan Maintenance

Responsible for the daily maintenance of the commitment facilities including : monitoring borrowing status, prepare new borrowings, rollovers, rate sets, conversions, repayments and prepayments.

Calculate, invoice and disburse ongoing interest and fee payments from a Borrower and / or Lender perspective. This includes agency and amendment fees as well as all monthly and / or quarter end activity.

Maintaining and monitoring Fronting LC, Invoice Discounting and Risk Participations

Monitoring and distributing Financials when due

Interact with Treasury on rate settings for foreign currencies and USD loans

Responsible for verifying integrity of transaction

Accountable for ongoing quality, integrity and completion on all data

Reconciliation :

Act as a trouble-shooter for deal management related problems

Communicate with treasury to confirm discrepancies in funding rates

Interact with customers for all cash movement activity

Reconcile statement to ledger entries

Skills

Five years or more of loan product experience as Administrative Agent

Experience with loan operating systems : ACBS, LoanIQ

Experience with specialized lending products (e.g. Asset Securitization, Leasing, Collateralized Loan Obligations, Project Finance, Loan Trading, and or Credit Derivatives, as necessary)

Experience with compliance in a lending area

Experience with collateral evaluation procedures

Proficient in management of lending products

Be thorough and accurate and demonstrate attention to details

Competent written and oral communications skills

Organizational skills and to work well under pressure

Ability to identify and solve problems

Knowledge of payment (FED, CHIPS, SWIFT)

ACBS knowledge is required

Ideally a candidate that has worked in one of the major banks.

Education

Bachelor's preferred but not required.

Required

ORGANIZATIONAL SKILLS

INVOICE

DOCUMENTATION

PAYMENTS

SWIFT

Additional

CLOSING

DISBURSEMENT

SECURITIZATION

LOANS

LOAN PORTFOLIO

CLOSINGS

LENDING

CUSTOMER RELATIONS

FINANCE

LEASING

RESIDENTIAL MORTGAGE

DERIVATIVES

MAINTENANCE

INVOICING

COMMERCIAL LOAN

LOAN DOCUMENTATION

RECONCILIATION

FINANCIAL TRADING