Loan Specialist

New York, NY 10172

Post Date: 05/02/2018 Job ID: 3015806 Industry: Loan Clerks
Loan SpecialistSeeking a Loan Specialist Analyst level, who will be responsible for servicing a syndicated loan portfolio in which the bank is a participant.The Loan Specialist services a portfolio of complex loan products. This is a tactical and transactional role that requires a high degree of expertise, and frequently exercises operating discretion within established parameters, in partnership with more experienced staff. Assists Senior Loan Specialists in the review and approval of the loan administrators' work. Support a portfolio of loans, ability to read and interpret loan notices, support software processes, understands Loan IQ, and can communicate via telephone with a variety of people including customers, banks, and client executives. Processes new drawdowns, paydowns, Letters of Credit (L/C) activities and fees for syndicated and bilateral deals. Provides lending services to customers and maintains accurate data. Ensures all past due principal, interest and fees are reported, tracked, collected and/or reconciled. Coordinates daily funding requirements with the Treasury Desk for managed loan portfolios. Supports the Treasury Desk's daily requirement to accurately manage its cash and funded positions. Troubleshoots loan related functional problems/issues and resolves problems or escalates as appropriate. Trains and cross trains, mentors and guides team on new processes/improvements pertaining to the department s functionality. Adheres to all applicable internal and external regulatory policies and procedures.Qualifications: 2 to 5 years of comparable or relevant experience- This position is an Analyst level. Experience managing complex loan portfolios in a financial institution is preferred.Preferred:- BA / BS (or equivalent experience)- Degree in Finance, Accounting, Economics or comparable discipline is a plus.- MS Word, MS Excel, MS Access, Lotus Notes, LoanIQ. Operational Abilities Interpret credit agreements and related documentation Experienced in varieties of loan servicing including all aspects of funding Manage a syndicated and/or bilateral deal portfolio of 90-110 facilities Follow instructions very well; detail-oriented Understand all aspects of deal/loan administration functions and tasks System Responsibilities Use of LIQ preferred, but not required if has a like loan system Construct and amend bilateral and syndicated deal structures Trouble-shoot basic loan related functional problems/issues

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