New York, NY | Direct Hire
(located in Manhattan)
Read and understand credit approval terms and conditions.
Interact with account officer to discuss deal structures and special nuances to ensure that the correct products are booked.
Prepare or check documents associated with new facilities, advances, loan renewals and funding of transactions based on proper account officer approvals.
Prepare or check documents associated with payments on loans, resolve discrepancies and make required adjustments on loan transactions.
Process rate changes including margin changes and ensure all required funding takes place in a timely manner.
Ensure that the money transfer position desk is pre-advised of all expected monetary activity.
Act as a liaison with agent bank regarding all administrative matters on syndicated deals (e.g. rate settings, advances, payments, next rollover dates).
Interact with the loan operations group to pre-advise terms, conditions and timing of pending deals.
Prepare periodic managerial and statistical reports.
Research problems and questions through ACBS
Perform other duties, as assigned, which fall within scope of responsibility.
Experience with ACBS loan system, Loan IQ or ANY AUTOMATED LOAN SYSTEM
Strong knowledge of commercial loan products and processing.
Knowledge of state and federal banking regulations.
Strong written, verbal and interpersonal communication skills required.
Experience Needed: A minimum of two years relevant back office loan experience.
Education Required: Associates degree.