Loan Specialist

New York, NY
United States

Adams Consulting Group

1 to 50 employees

Boutique, Family owned Talent Acquisition firm providing a full range of Executive Search, Recruitment and Temporary staffing services

To provide quality service to clients and candidates in an an efficient and courteous manner

Company Info

Job description

Loan Administrator 

(International Bank located in Manhattan)

SUMMARY: Review all aspects of new deals from an administrative standpoint.

RESPONSIBILITIES:   

1. Read and understand credit approval terms and conditions.

2. Interact with account officer to discuss deal structures and special nuances to ensure that the correct products are booked.

3. Prepare or check documents associated with new facilities, advances, loan renewals and funding of transactions based on proper account officer approvals.

4. Prepare or check documents associated with payments on loans, resolve discrepancies and make required adjustments on loan transactions.

5. Process rate changes including margin changes and ensure all required funding takes place in a timely manner.

6. Ensure that the money transfer position desk is pre-advised of all expected monetary activity.

7. Act as a liaison with agent bank regarding all administrative matters on syndicated deals (e.g. rate settings, advances, payments, next rollover dates).  

8. Interact with the loan operations group to pre-advise terms, conditions and timing of pending deals.

9. Prepare periodic managerial and statistical reports.

10. Research problems and questions through ACBS or OTG as appropriate.

11. Perform other duties, as assigned, which fall within scope of responsibility.

QUALIFICATIONS: 

 Experience in a mortgage company, finance company, etc willing to learn all aspects of COmmercial Loan operations and processing 

 Knowledge of state and federal banking regulations.     

 Strong written, verbal and interpersonal communication skills required. 

Experience Needed: A minimum of one year relevant  loan experience.

Education Required:Associates Degree

Company Description

Expanding Foreign Bank located in Manhattan

Work location: New York, NY

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