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Loan Operations-Asset Based Lending

New York, NY | Direct Hire

Post Date: 11/02/2017 Job ID: 12104 Industry: Loan Operations

Loan Operations-Asset Based Lending

(located in Manhattan)

This position is responsible for overseeing all elements of the proper booking and review of all loan deals and facilities for Loan Operations. In addition, overseeing and managing of all operational duties of the Asset Based Lending Portfolio (“ ABL”). The individual acts as a liaison with account officers, clients, agent banks, and IT personnel and works closely with the Head of the Loan Servicing team and acts as a back-up when the required.

RESPONSIBILITIES:

ABL Operations (30%)
1. Continuously input and review the integrity of all collateral (BBC) and loan data received for ABL deals ensuring the timely and accurate treatment of all transactions. Ensures that daily advance requests are properly funded and daily activity properly posted.
2. Interact closely with account officers to make sure that all ABL Loan terms and conditions are understood by prior to booking the initial collateral transactions; and this information is properly input into the system to reflect these terms and conditions.
3. Promptly report problematic or irregular transactions to account officers and management to avoid potential losses.
Deal Originations (70%)
1. Continuously reviews the loan portfolio to ensure the integrity of all data and booking of all loan transactions.
2. Interacts closely with Front Office on complex deals and ensures that all terms and conditions are well understood by Loan Operations team. Also responsible for the scheduling and chairing of closing meetings with all stakeholders.
3. Ensure the timely, accurate and appropriate booking and monitoring of all new loan deals/facilities. Promptly reports problematic or irregular transactions to management to avoid potential losses.
4. Reviews all loan documentation (i.e. Credit Agreements, ACBS Input Sheets, Credit Approvals, Fee Schedules etc.) to ensure data integrity.
5. Maintains contact with front office to obtain documentation and resolve discrepancies.
6. Booking of all fees relating to deal origination.
7. Manages system upgrades and conversion projects including UAT.
8. Provides training and guidance to subordinates.
9. Performs other duties, as assigned by the Deputy COO, which fall within scope of responsibility.

QUALIFICATIONS:

Knowledge:
  Thorough understanding of Asset Based Lending, Commercial Lending, loan life cycle
Technical Skills:
  Thorough understanding of the ACBS System
  Knowledge of mainframe applications and A/X archival system.
  Proficiency with the appropriate computer applications (i.e. Word and Excel)
Competencies:
  Good interpersonal and supervisory skills.
  Result-oriented, excellent project management skills.
  Teamwork driven, strong collaborator.
  Strong work ethic.
  Excellent mathematical, analytical and communication skills.
  High level of attention to detail.
  Ability to organize and prioritize multiple tasks.
  Manages time effectively.
  Must have the ability to work under tight deadlines.
  Flexibility to work overtime on short notice as work flow requires.

Experience Needed: Minimum 5 years related work experience
Education Required: Associates degree or Bachelor' s degree
Supervisory Responsibility: Partial

 


Chat with me now! - https://flashrecruit.com/jobs/280976

 

Franca Diona
VP

Franca Diona has over 15 years of recruitment experience. She is a graduate of Iona College with a Bachelor of Arts specializing in public relations. She started her career in the music business working for major radio stations in the tri-state area. She furthered her career promoting the world-renowned musician Debbie Gibson. She utilized her skills expanding into the financial industry as a recruiter. Being a part of Adams Consulting Group has allowed Franca to broaden her craft by setting goals and striving to achieve them. She remains energetic and enthusiastic about getting the job done at ACG.

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