Loan Portfolio Manager

4 weeks ago


Jersey City, New Jersey, United States Michael Page Full time
Job Description

The Loan Administrator is responsible for the accurate and timely management of the Bank's loan portfolio. This role involves ensuring that daily operations adhere to state and federal laws, regulations, and the Bank's lending policies and procedures.

Key Responsibilities
  • Manage administrative aspects of new deal closings, including calculating, invoicing, and disbursing deal-related fees, as well as coordinating fund movements for initial funding and closing.
  • Collaborate closely with the Borrower and Bank Group to ensure smooth transaction execution.
  • Review documentation and Term Sheets/CA Booking Requests to ensure compliance with Credit Approval and maintain accurate Credit Arrangements in ACBS.
  • Oversee daily maintenance of commitment facilities, including monitoring borrowing status, preparing new borrowings, rollovers, rate settings, and repayments.
  • Calculate, invoice, and disburse ongoing interest and fees from both Borrower and Lender perspectives, including agency and amendment fees, and all monthly/quarterly activities.
  • Manage Fronting LC, Invoice Discounting, and Risk Participations, while monitoring and distributing financials as due.
  • Ensure transaction integrity and maintain data quality and accuracy.
  • Troubleshoot deal management issues and communicate with Treasury to resolve funding rate discrepancies.
  • Engage with customers regarding cash movement activities and reconcile statements with ledger entries.
Requirements
  • 3-6 years of experience within Loan Administration/Servicing
  • Bilateral and syndicated loan experience a MUST
  • Experience using both ACBS and LoanIQ software
  • 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
  • Bachelors Degree in Finance or related
What We Offer
  • Experience with a global financial services firm
  • Opportunity for long term employment
  • Competitive Compensation
  • Health Benefits - Medical, Dental, Vision
  • Hybrid working model

Michael Page is an equal opportunities employer and welcomes applications from all qualified candidates. We do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law.



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