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