Loan Administrator

7 days ago


Jersey City, New Jersey, United States Innova Solutions Full time
Job Title: Loan Administrator

Innova Solutions is seeking a highly skilled Loan Administrator to join our team. As a Loan Administrator, you will play a critical role in ensuring the accurate and timely administration of our loan portfolio.

Key Responsibilities:
  • Manage the administrative aspects of loan transactions, including calculating and disbursing fees, coordinating funds flow, and maintaining accurate records.
  • Provide consultative support to account officers on operational deal structure issues and review document and term sheet/CA booking requests to ensure compliance with credit approval.
  • Monitor borrowing status, prepare new borrowings, rollovers, rate sets, conversions, repayments, and prepayments, and calculate, invoice, and disburse ongoing interest and fee payments.
  • Reconcile statements to ledger entries and act as a trouble-shooter for deal management-related problems.
Requirements:
  • Five years or more of loan product experience as an Administrative Agent.
  • Experience with loan operating systems, including ACBS and LoanIQ.
  • Knowledge of specialized lending products, such as Asset Securitization, Leasing, Collateralized Loan Obligations, Project Finance, Loan Trading, and Credit Derivatives.
  • Experience with compliance in a lending area and collateral evaluation procedures.
  • Proficient in management of lending products and able to identify and solve problems.
  • Competent written and oral communication skills and organizational skills to work well under pressure.
Benefits:
  • Competitive hourly rate of $35-$39.
  • Medical, dental, and vision insurance.
  • 401(k) and health savings account (HSA) and flexible spending account (FSA).
  • Life insurance, pet insurance, short-term and long-term disability, accident, and critical illness coverage.
  • Pre-paid legal and ID theft protection, sick time, and paid leaves.

Innova Solutions is an Equal Opportunity Employer and prohibits any kind of unlawful discrimination and harassment. We are committed to providing a work environment free of discrimination and harassment on the basis of race, color, religion or belief, national origin, citizenship, social or ethnic origin, sex, age, physical or mental disability, veteran status, marital status, domestic partner status, sexual orientation, or any other status protected by the statutes, rules, and regulations in the locations where we operate.


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