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TEMP Junior Loan Administrator

Iselin, NJ | Temporary

Post Date: 11/03/2017 Job ID: 12109 Industry: Loan Administrator

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To perform administrative tasks to support the operational requirements of commercial loan and letter of credit activities for portfolio assigned. This includes ensuring the timely disbursement of funds and processing transactions through The Bank' s loan systems for accurate accounting. 
Key Responsibilities 

Act as point of contact for client or agent bank accounts within their assigned portfolio.

Maintains and establishes credit authorizations, fee accrual schedules and loan templates consistent with ALTAR closing request and credit agreements. 

Maintains client standard payment instructions in ACBS for authorizations in their respective portfolio. 

Enter upfront/amendment fee information in CLIX, consistent with ALTAR closing request and agent notifications.

Review maturity report to identify transactions maturing within five business days, and initiate appropriate rollover paydown operation.

Liaise with dollar (Blofi) and currency desks, as required, for funding of commercial loans.

Ensure loan related transactions are properly entered in ACBS.

Enter transactions to account for risk participations for Standby Letters of Credit in ACBS.

Maintain up to date operations file with supporting documentation.

Clear open items and daily exceptions in conjunction with CBO supervisors.

Follow-up late payments, missing interest and/or fees with clients or agent banks, as required. 

Ensure client and participant notices/confirmations (loans, interest and/or fees) are completed and forwarded in a timely manner to clients within their portfolio as needed.

Liason with the Commercial Groups in preparing Funding Memos for assignments and ensure this information is correctly entered into ACBS>


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Dan McNichol

Dan McNichol comes to Adams Consulting Group with more than 22 years in the banking and software industries. Dan also has over 15 years in the recruiting industry, in which includes a previous association with Len Adams at KPA Group. As a banker Dan started his career with Manufacturers Hanover Trust Co. as a management trainee in the International Funds Transfer Division. He eventually moved on to two regional banks where he ran various international operations groups including Letter of Credit, Collections, FX and Funds Transfer. During his tenure with National Community Bank (n/k/a Bank of New York), Dan was part of team that assisted in the trade services group migration from a manual to an automated environment. The opportunity to expand his technical skills provided an ensuing opportunity to move to the vendor side of trade services. As a recruiter, Dan has been involved with searches on behalf of financial organizations from small retail neighborhood banks to prime foreign and U.S. banks seeking mid- to senior-level managers in disciplines involving compliance, international, retail, credit, lending and operations.

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