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Loan Administrator

  • Location: Jersey City, NJ
  • Job Type: Contract
  • Ref No: 19-02015
  • Date: March 25, 2019
  • Job title:

Tracy Reynolds

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Job Description - Loan Administrator

Loan Administrator



Loan Administrator Duties:

  • Act as the bank's representative in coordinating transactions between customers, Front office, Americas Treasury Division (ATD) and other parties
  • Manage the administrative aspect of all New Deal Closings. 
  • Calculating, invoicing and disbursing all deal related fees. 
  • Coordinating movement of funds related to initial funding and closing. 
  • Work closely with Borrower and Bank Group.
  • Report to Management, Supervisors and Account Officer all transactions that require special handling or approval.

Loan Administrator Skills:

  • Independently manage administrative processes for complex loan deals
  • Provide consultative support to Account Officers on operational deal structure issues
  • Review Document and Term Sheet / CA Booking Request in order to compare loan documentation to Credit Approval and ensure that the structure and content are identical; and to create or maintain Accurate Credit Arrangements in ACBS
  • Responsible for the daily maintenance of the commitment facilities including:  monitoring borrowing status, prepare new borrowings, rollovers, rate sets, conversions, repayments and prepayments.
  • Calculate, invoice and disburse ongoing interest and fee payments from a Borrower and/or Lender perspective.  This includes agency and amendment fees as well as all monthly and/or quarter end activity.
  • Maintaining and monitoring Fronting LC, Invoice Discounting and Risk Participations
  • Monitoring and distributing Financials when due
  • Interact with Treasury on rate settings for foreign currencies and USD loans
  • Responsible for verifying integrity of transaction
  • Accountable for ongoing quality, integrity and completion on all data
  • Reconcile statement to ledger entries
  • Designated as person responsible for reporting potentially prohibited transaction(s) (OFAC related) upon detection.

Loan Administrator Qualification:

  • Two years of experience with the management of loan products.
  • Experience with loan operating systems: ACBS, G-Base
  • Experience with specialized lending products (e.g. Asset Securitization, Leasing, Collateralized Loan Obligations, Project Finance, and or Credit Derivatives, as necessary)

 




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