Loan Operations Analyst - Network ESC
New York, NY
About the Job
Network ESC -
Private Investment Bank located in Manhattan is in need of a Loan Operations Associate.
Monday Through Friday 9-5pm **IN OFFICE**
Your Duties and Responsibilities:
- Captures credit related transactions and payments in ATLAS. Maintains operational ledgers and files of various forms in accordance with the Bank’s policy.
- Handles domestic loan administrative work (funding arrangement, preparing Information Sheets, processing payment, etc.) based on the instructions received from agent banks and/or Lending front office on routine matters. Verifies that these instructions are in compliance with the terms set by the binding agreement.
- Processes assigned non-routine loan activities such as purchases, refinancing, amendment, termination and sale. Establishes new customers and facilities in Loantel/Nicotel, ATLAS, and Loan Management Systems, as necessary.
- Monitors and applies incoming fees and interest payments. Investigates cash discrepancies associated with the responsible accounts. Claims compensation when necessary and follows up on reconcilement file.
- Ensures that all cash movements are properly recorded on Cash Position Sheet and reported to Funds Transfer and other relevant departments according to the procedure. Conducts daily nostro reconcilement.
- Prepares various Information Sheets, tickets and confirmation forms for JCF transactions based on written instructions once deal is established.
- Handles back-office operations for bonds acquired by Lending Group. This includes: capturing new bond products in Loantel and ATLAS systems, processing purchase, sale, redemption and coupon payments as well as timely funding of floating bonds.
- Prepares various reports as requested by the supervisors.
- Reports irregularities to the Supervisor(s) and/or Department Manager on a timely basis.
- Performs other duties and responsibilities as assigned by management.
Your Qualifications:
- High school diploma.
- 2+ years of experience in loan operations in 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, at least for Microsoft Outlook Email and Calendar, Word, and Excel.
- Good communication skills.
- Good time management, including punctuality and attendance.
Source : Network ESC