Loan Administrator

2 months ago

jersey city, United States Russell Tobin Full time

The Loan Administrator Consultant is responsible for the accurate and timely servicing of the Bank's loan portfolio, ensuring compliance with state and federal regulations, as well as internal lending policies. This role involves high-level coordination with various stakeholders to facilitate smooth transaction processing and exceptional customer service.

Key Responsibilities

General Duties

  • Serve as the LAU representative, coordinating transactions among customers, Agent Banks, Participant banks, the Front Office, and the Americas Treasury Division (ATD).
  • Oversee the administrative aspects of all New Deal Closings, including calculating, invoicing, and disbursing deal-related fees.
  • Manage the movement of funds during initial funding and closing, working closely with Borrowers and Bank Groups.
  • Report transactions requiring special handling or approvals to Management and Supervisors.

Credit Arrangement Maintenance

  • Independently manage the administrative processes for complex loan deals as the administrative agent or bilateral lender.
  • Provide consultative support to Account Officers on operational deal structure issues.
  • Review documentation, including Term Sheets and Credit Approval, ensuring accuracy in the loan documentation and maintaining accurate Credit Arrangements in ACBS.

Commercial Loan Maintenance

  • Manage daily maintenance of commitment facilities, including monitoring borrowing statuses and preparing transactions such as rollovers, repayments, and prepayments.
  • Calculate, invoice, and disburse interest and fee payments from both Borrower and Lender perspectives.
  • Maintain oversight of Fronting Letters of Credit, Invoice Discounting, and Risk Participation.
  • Monitor and distribute Financials as due and collaborate with Treasury on rate settings for loans.

Reconciliation

  • Act as a troubleshooter for deal management issues, communicating with Treasury to resolve discrepancies in funding rates.
  • Interact with customers regarding cash movement activities and reconcile statements with ledger entries.

Additional Responsibilities

  • Participate in short-term projects to maintain data integrity and manage filing and billing.
  • Conduct periodic data integrity checks and undertake special projects as assigned.

Compliance

  • Gain a fundamental understanding of applicable banking rules and regulations.
  • Attend Annual Compliance Training and address compliance-related queries through the Americas Legal and Compliance Division.
  • Report any potentially prohibited transactions (e.g., OFAC-related) upon detection.

Qualifications

  • Minimum of five years of experience in loan product administration, particularly as an Administrative Agent.
  • Proficient in loan operating systems, such as ACBS and LoanIQ.
  • Experience with specialized lending products (e.g., Asset Securitization, Leasing, Project Finance).
  • Familiarity with compliance requirements in lending.
  • Strong attention to detail and thoroughness in managing lending products.
  • Excellent written and oral communication skills.
  • Strong organizational skills and ability to perform under pressure.
  • Proven problem-solving skills.
  • Knowledge of payment systems (e.g., FED, CHIPS, SWIFT).

Pay- $39.56 /hour


Benefits

Pride Global offers eligible employee’s comprehensive healthcare coverage (medical, dental, and vision plans), supplemental coverage (accident insurance, critical illness insurance and hospital indemnity), 401(k)-retirement savings, life & disability insurance, an employee assistance program, legal support, auto, home insurance, pet insurance and employee discounts with preferred vendors.

  • Loan Administrator

    2 months ago

    Jersey City, United States Russell Tobin Full time

    The Loan Administrator Consultant is responsible for the accurate and timely servicing of the Bank's loan portfolio, ensuring compliance with state and federal regulations, as well as internal lending policies. This role involves high-level coordination with various stakeholders to facilitate smooth transaction processing and exceptional customer service.Key...

  • Global Debt Administration Associate

    1 week ago

    Jersey City, New Jersey, United States Global Loan Agency Services Limited Full time

    Company OverviewGlobal Loan Agency Services Limited (GLAS) is a privately-owned business established in 2011. We offer a wide range of administration services developed specifically for the loan and debt markets.Job SummaryThis 12-month rotation placement provides an exciting opportunity for a driven recent graduate to join our Client Services team and gain...

  • Graduate Client Services Associate

    3 months ago

    Jersey City, United States Global Loan Agency Services Limited Full time

    Graduate Client Services Associate Location: New Jersey/New York Salary: Competitive Work Type: Hybrid Working Job Purpose GLAS is an international provider of institutional debt administration services, serving lenders, borrowers, issuers, and advisers offering a global platform across Loan Agency and related services, Capital Markets and Restructuring....

  • Loan IQ project analyst/Manager

    4 weeks ago

    Jersey City, United States ManpowerGroup Full time

    **Role: Loan IQ Project Analyst/Manager** **Location: Jersey City, NJ (Hybrid - 3 days onsite per week)** **Position type: 12+ months with high possibility of extension/Conversion** **Job description:** The Loan IQ project analyst/Manager will be responsible for supporting multiple product owners with the gathering and assembling of various requirements...

  • Loan IQ project analyst/Manager

    4 weeks ago

    Jersey City, United States Experis Full time

    Role: Loan IQ Project Analyst/Manager Location: Jersey City, NJ (Hybrid - 3 days onsite per week) Position type: 12+ months with high possibility of extension/Conversion Job description: The Loan IQ project analyst/Manager will be responsible for supporting multiple product owners with the gathering and assembling of various requirements and the...

  • Loan Closing

    2 weeks ago

    Jersey City, United States Citco Full time $95,000 - $165,000

    About Citco: The market leader. The premier provider. The best in the business. At Citco, we’ve been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate and expand, push beyond the boundaries of our industry, and shape...

  • Loan Closing

    2 weeks ago

    Jersey City, United States Citco Full time $95,000 - $165,000

    About Citco: The market leader. The premier provider. The best in the business. At Citco, we’ve been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate and expand, push beyond the boundaries of our industry, and shape...

  • Customer Service Representative

    7 months ago

    Jefferson City, United States Tower Loan Full time

    Great Opportunity! The heart of Tower Loan lies with our Customer Service Representative! Our representatives provide the best experience to our customers to earn their continued business. At Tower Loan, we provide the resources for a long and prosperous career with additional growth opportunities! Whether you spend your career providing the customer...

  • Loan Processor

    3 months ago

    Sioux City, United States PRIMEBANK Full time

    This position is responsible for the production of loan documentation and for providing support to lenders in the Sioux City Loan Department. Essential Duties and Responsibilities Prepare commercial and consumer loan documentation Prepare loan documentation request for employment and deposit verifications Assist all lenders and originators with processing...

  • Senior Commercial Loan Operations Manager

    3 weeks ago

    Kansas City, Kansas, United States Security Bank of Kansas City Full time

    About Security Bank of Kansas CitySecurity Bank of Kansas City is a community bank dedicated to providing excellent customer service and financial solutions to our customers. We are committed to making a positive impact in the communities we serve.Job SummaryWe are seeking a highly motivated and experienced Senior Commercial Loan Operations Manager to join...

  • Loan Processing Specialist

    3 weeks ago

    Sioux City, Iowa, United States Primebank Full time

    Job Title: Loan Processing Specialist Company Overview: At Primebank, we're committed to providing exceptional financial services to our customers. As a Loan Processing Specialist, you'll play a crucial role in ensuring the smooth processing of commercial loans.Job Summary: We're seeking an experienced Loan Processing Specialist to join our team in Sioux...

  • Loan Servicing Team Lead

    5 months ago

    Palm City, United States Seacoast Bank Full time

    Location: Stuart, FL JOB SUMMARY: Responsible for the loan servicing activities through the administration and coordination of mortgage, commercial, and consumer loan servicing activities; including such areas as accurate and efficient servicing of assigned loans, warehousing and/or shipping activities of participated/sold loans, escrows, and customer...

  • VP/Commercial Loan Admin Supervisor

    4 weeks ago

    Kansas City, United States SECURITY BANK OF KANSAS CITY Full time

    Job DetailsJob Location7TH STREET Lvl3 - Kansas City, KSPosition TypeFull TimeJob ShiftDayJob CategoryFinanceIf you are looking for a challenging and rewarding career, we'd like you to join our Security Bank of Kansas City team! Our banking professionals receive paid training and ongoing education, opportunities for growth and advancement, great benefits,...

  • VP/Commercial Loan Admin Supervisor

    2 weeks ago

    Kansas City, United States SECURITY BANK OF KANSAS CITY Full time

    Job DetailsJob Location7TH STREET Lvl3 - Kansas City, KSPosition TypeFull TimeJob ShiftDayJob CategoryFinanceIf you are looking for a challenging and rewarding career, we'd like you to join our Security Bank of Kansas City team! Our banking professionals receive paid training and ongoing education, opportunities for growth and advancement, great benefits,...

  • Collections and Loan Operations Director

    5 days ago

    Arizona City, Arizona, United States DriveTime Full time

    Job OverviewDriveTime Family of Brands is seeking a skilled Collections and Loan Operations Director to lead our team of Loan Advisors. Located in our Mesa, AZ office, this role will be responsible for monitoring and reviewing the work of Loan Advisors to ensure it meets Company and Legal policy standards.ResponsibilitiesMonitor and review the work of Loan...

  • Cloud Infrastructure Specialist

    3 weeks ago

    Jersey City, New Jersey, United States Federal Home Loan Bank of New York Full time

    Job DescriptionThis is a senior-level position that serves as a subject matter expert for the Infrastructure department. The successful candidate will be responsible for leading all tasks, projects, and support related to the Bank's Cloud environment.Key ResponsibilitiesDevelop and implement programs and procedures to enhance AWS and Cisco LAN/WAN operations...

  • Administrative Support Professional

    1 day ago

    Oklahoma City, Oklahoma, United States MidFirst Bank Full time

    Join our team at MidFirst Bank and take advantage of a dynamic work environment where you can grow your career as an Administrative Assistant.As a key member of our National Healthcare Lending Team, you will be responsible for supporting loan processing, preparing loan documents, and ensuring compliance with internal procedures.You will have the opportunity...

  • Infrastructure Solutions Engineer

    3 days ago

    Jersey City, New Jersey, United States Federal Home Loan Bank of New York Full time

    Job OverviewWe are seeking a highly skilled Infrastructure Solutions Engineer to join our team. As an Infrastructure Solutions Engineer, you will be responsible for designing, implementing, and maintaining the Bank's infrastructure. This includes developing programs and procedures to enhance AWS and CISCO LAN/WAN operations and performance. You will also be...

  • Administrative Financial Manager

    1 week ago

    Kansas City, Missouri, United States Centric Construction Group Full time

    About the Role:We are seeking an experienced Project Administrator to join our team at Centric Construction Group. The successful candidate will be responsible for providing accounting and administrative support to our project management team.Responsibilities:Assist in the preparation and processing of financial reports and statements.Provide administrative...

  • Comml Loan Doc Proc II

    4 days ago

    Kansas City, United States UMB Financial Corporation Full time

    With UMB Commercial loans; the Commercial Loan Document Processor II associates focus their work toward creating commercial loan documents, assisted by Commercial Loan Coordinators and Loan Officers with preparation for commercial loans. These associates are the determining factors on gaining and compiling vital information to ensure that teammates and...