Loan Administrator

1 month ago


Jersey City, United States Phaxis Full time

Pay $29-39/hr depending on experience


Key Responsibilities:

  • Ensure accurate and timely administration of the Bank's loan portfolio, adhering to state and federal regulations and Bank policies.
  • Assist in new Agency deal closings as Administrative Agent or direct lender, managing funds flow, fee allocation, and lender notifications.
  • Handle various products, including ABL, equity fund finance, and residential mortgages.
  • Coordinate transactions between customers, Agent Banks, Participant banks, and internal teams, managing administrative aspects of new deal closings.
  • Calculate, invoice, and disburse fees, monitor borrowing status, and manage ongoing loan maintenance (interest payments, rollovers, repayments).
  • Provide consultative support on operational deal structures and ensure loan documentation matches credit approval.
  • Troubleshoot deal management issues, reconcile transactions, and maintain data integrity.
  • Comply with Bank regulations, complete compliance training, and report potentially prohibited transactions (OFAC related).


Your Skills & Experience:

  • 5+ 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)
  • Proficient in management of lending products
  • Knowledge of payment (FED, CHIPS, SWIFT)

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