Trade support Intermediate

1 month ago


Newark, United States Robert Half Full time
Job DescriptionJob Description

We are seeking a Trade Support Intermediate to work in Newark, Delaware. This role is pivotal for the servicing of complex and non-standard loan products and requires a keen analytical mind and critical thinking skills. This is a short-term contract role that offers an opportunity to work in a hybrid model, with a schedule that may require occasional ad hoc overtime.


Responsibilities:


• Support servicing of complex and non-standard loan products, requiring extra diligence and critical thinking.

• Communicate regularly with various front and middle offices to ensure seamless support of the business.

• Collaborate closely with Financial and Product control to ensure accurate reflection of month-end income/PL.

• Action all scheduled and unscheduled loan activity daily.

• Monitor and investigate cash and other exceptions such as past due loans payable, receivable balances, and other items that pose financial risk to the firm.

• Manage clients' borrowing bases to accurately determine how much the firm is willing to lend to them.

• Perform daily reconciliation between clients' cash and position reporting to accurately capture the value of portfolios.

• Take on new challenges eagerly and demonstrate a willingness to learn new things.

• Utilize Microsoft Excel and other relevant software to perform accounting functions and track progress.

• Leverage skills in operations, reporting, and finance to support workstation tasks.

• Perform ad hoc financial tasks as needed.

• Proficiency in Microsoft Excel is mandatory.
• Experience in managing operations in a trade support setting.
• Knowledge of cash activity handling in a trade environment.
• Familiarity with finance and accounting functions.
• Capable of providing workstation support.
• Ability to perform ad hoc financial tasks as required.
• Demonstrable progress in the field of trade support or a related area.
• Experience in managing financial notes and loan administration.
• Understanding of loan origination process and due diligence.
• Proficiency in handling missing invoices.
• Comfortable using Zoom for virtual meetings.
• Familiarity with capture technology.
• Critical thinking skills are a must.
• Experience in renovation projects is considered a plus.
• Daily reconciliation skills in a finance or trade environment.
• Knowledge of various loan products.
• Understanding of financial risk in the securities industry.
• Degree in Computer Science Engineering is a plus.
• Ability to handle trade support duties in a securities industry setting.

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