Loan Administrator

4 weeks ago

jersey city, United States Northpointe Staffing Full time

General Duties

Act as 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


Skills:

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


Others

• Participate in various short-term projects to maintain data integrity

• Maintain filing and billing


(2) Exception Duties (As requested by UH)

• Perform periodic data integrity checks

• Duties as assigned

• Undertakes special projects, and assumes other duties, as assigned, completing such tasks on time.


(3) Compliance:

• Obtain a basic understanding of the applicable rules and regulations that govern the Bank. Understand that all questions and/or clarification about such rules and regulations should be directed to the Americas Legal and Compliance Division. Attend Annual Compliance Training presented by the Americas Legal and Compliance Division. Read and respond as necessary to all compliance-related reference and directive materials received. Comply with the Bank's “Code of Conduct”.

• Designated as person responsible for reporting potentially prohibited transaction(s) (OFAC related) upon detection.


QUALIFICATIONS:

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)

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