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Loan Administrator (ACBS)

New York, NY 10036 US

Posted: 02/19/19 Employment Type: Direct Hire Industry: Loan Administration Supervisor, Loan Administration VP/Manager, Loan Administrator Job Number: 12492

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  Loan Administrator (ACBS)

(located in Manhattan with an International bank)
1. Review all aspects of new deals from an loan administrative standpoint. Read and understand credit approval terms and conditions. Interact with account officers to discuss deal structures and special nuances to ensure that the correct
products are booked.
2. Prepare or check documents associated with new facilities, advances, loan renewals and funding of transactions based on proper account officer approvals.
3. Prepare or check documents associated with payments on loans, resolve discrepancies, and make required adjustment on loans and letter of credit transactions.
4. Process rate changes including margin changes and ensure that all required funding takes place on a timely basis.
5. Ensure that the Money Transfer Position Desk is pre-advised of all expected monetary activity.
6. Act as liaison with agent bank regarding all administrative matters on syndicated deals (e.g. rate settings, advances, payments, next rollover dates).
7. Interact with the Loan Operations Group to pre-advise terms, conditions and timing of pending deals.
8. Prepare periodic managerial and statistical reports.
9. Research problems and questions through ACBS or OTG as appropriate.
10. Perform other duties, as assigned, which fall within scope of responsibility.
Required Skills: Strong knowledge of commercial loan products and ACBS loan system. Knowledge of state and federal banking regulations. Good communication & reconciliation skills.    Currently using version ACBS 7 but moving to 8 in January 2019.
Experience Needed: One-two  years’ experience in back office loan administration in Banking
Education Required: College degree.


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Franca Diona

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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