Loan Operations Specialist

4 weeks ago


New York, New York, United States The Bluestone Group Full time
Job Summary

We are seeking a highly skilled Loan Administrator to join our team at The Bluestone Group. As a Loan Administrator, you will be responsible for processing loan openings, closings, rollovers, and time deposits, as well as tracking and controlling the receipt and payment of principal and interest.

Key Responsibilities
  • Process loan openings, closings, rollovers, and time deposits
  • Track and control the receipt and payment of principal and interest
  • Adhere to AML/OFAC controls, including monitoring for "red flags" and referring to the Compliance Department as needed
  • Reconcile receivable settlements, including buffer accounts where appropriate
  • Investigate and report discrepancies in loan fees and facilities
Requirements
  • Comprehensive knowledge of BSA/AML/OFAC rules and regulations, KYC policies, and procedures
  • Practical understanding of a bank's control environment and its policies and procedures
  • Practical knowledge and experience with Loan IQ system
  • Effective interpersonal, verbal, and written communication skills
  • Exceptional work ethic with the ability to work independently or as part of a team
Competencies
  • Thorough knowledge of loan processing practices, applications, and procedures
  • Detailed knowledge of loan products, including receivables, syndicated facilities, and fee structures
  • Ability to work with a wide variety of internal staff and external counterparties


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