The Loan Administrator III services a portfolio of approximately 130 loans by processing drawdowns, paydowns, fees and other activities for syndicated and bilateral financial instruments. This is a transactional role that works under close supervision with little operating discretion and adheres to established policies and procedures. Performs routine transactional duties which are reviewed and checked by senior team members.
Job will start in NYC and move to Harborside, NJ
Processes new drawdowns, paydowns, Letter of Credit (L/C) activities and fees for syndicated and bilateral deals.
Provides lending services to customers and maintains accurate data.
Ensures all past due principal, interest and fees are reported, tracked, collected and/or reconciled.
Coordinates daily funding requirements with the Treasury Desk for managed loan portfolios.
Supports the Treasury Desk's daily requirement to accurately manage its cash and funded positions.
Troubleshoots basic loan related functional problems/issues.
Adheres to all applicable internal and external regulatory polices and procedures.
2 to 5 years of comparable or relevant experience
Experience collaborating with a Treasury department in a large bank or financial institution is advantageous.
Ability to interpret credit agreements and related documentation.
Basic understanding of all aspects of loan or deal administration functions (including all aspects of funding).
Strong knowledge of Loan IQ and credit documentation in technology platforms.
Extensive customer service and analytical skills.
Ability to synthesize technical information, analyze risk and identify mitigating factors.
Strong organizational skills with ability to set priorities and manage multiple projects.
Ability to work cooperatively and effectively with others to set goals, resolve problems and make decisions that enhance organizational effectiveness.
Detail oriented and an ability to complete work accurately.