Loan Operations Associate

About the Opportunity

Our client is a leading asset manager with over $453 billion AUM. They are looking to hire a Loan Operations Associate to join their team as a consultant. The candidate in this role with become an integral member of the Loan Operations Department; responsible for performing operational and administrative duties for booking and maintaining a wide range of credit-based products upon closing and throughout the life of transactions. The Department also provides certain check and balance points.

This is a contract position with a pay range of $30 to $33 per hour. Actual compensation offered to the successful candidate may vary from posted hiring range based upon geographic location, work experience, education, and/or skill level, among other things. Details about eligibility for bonus compensation (if applicable) will be finalized at the time of offer.

 

Job Responsibilities

  • Capture credit related transactions and payments in ATLAS. Maintain operational ledgers and files of various forms in accordance with company policy
  • Handle domestic loan administrative work (funding arrangement, preparing Information sheets, processing payment, etc.) based on the instructions received from agent banks
  • Process assigned non-routine loan activities such as purchases, refinancing, amendment, termination and sale. Establish new customers and facilities in Loantel/Nicotel, ATLAS, and Loan Management Systems, as necessary
  • Monitor and apply incoming fees and interest payments. Investigate cash discrepancies associated with the responsible accounts
  • Claim compensation when necessary and follows up on reconcilement file
  • Ensure that all cash movements are properly recorded on Cash Position Sheet and reported to Funds Transfer and other relevant departments according to the procedure. Conduct daily nostro reconcilement
  • Prepare various Information Sheets, tickets and confirmation forms for JCF transactions based on written instructions once deal is established
  • Handle back-office operations for bonds acquired by Lending Group. This includes: capturing new bond products in Loantel and ATLAS systems, process purchase, sale, redemption and coupon payments as well as timely funding of floating bonds
  • Prepare various reports as requested by the supervisors
  • Report irregularities to the Supervisor(s) and/or Department Manager on a timely basis
  • Performs other duties and responsibilities as assigned by management

 

Job Requirements

  • High school diploma
  • 2+ years of experience in Loan Operations at a bank
  • Bilateral loans and syndicated loans experience are required
  • Agency deal experience is highly desirable
  • Basic accounting knowledge and good mathematical aptitude
  • Proficiency with PC in business-related applications like Microsoft Outlook Email and Calendar, Word, and Excel

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