Robert Half International Loan Portfolio Administrator in NEW YORK, New York
Robert Half Financial Services are hiring for a Loan Portfolio Administrator role within an International Commercial Bank located in midtown Manhattan New York. Our client requires 2 to 7+ years Loan Administration experience at a Commercial Bank using Loan IQ software. The role is currently remote but will require 3 days per week in the midtown Manhattan office from September.
The main function of this position is to maintain the integrity of and controls on information on the Bank’s credit facilities, credit processes, policies and procedures and daily operations of the loan and letter of credit portfolio booked in Loan IQ, IBS and IBS CIF, the Bank’s IBS source systems.
This position coordinates amongst the Corporate Banking Relationship Managers (Front Office), Credit, ALM/Treasury, Ops/Treasury Back Office, Ops/Payments and Finance departments while handling the initial credit facility setup and all system-related aspects of credit facilities, including loan maintenance (borrowings, repayments, interest and fee payments, re-pricings, etc.), loan funding, payments through the Loan Settlement Account (LSA) and the Bank’s Account.
This position initiates the financial accounting process by reconciling payments made through the LSA account and performing 1st Line Account Management.
Track the credit approval process and scheduled closings/amendments for all deals and facilities. Review and interpret the key credit facility and collateral terms and conditions contained in credit applications, credit advices and credit approvals and loan documentation, in preparation for initial deal setup and deal closings in the Bank’s source systems.
Ensure receipt of all necessary documentation for all credit facilities, reflecting deal structure as presented in the credit application, credit advice and credit approval.
Ensure adherence to Bank credit approvals, credit policies and procedures and Compliance policies and procedures.
Monitor the timely collection of principal, interest and fees under credit facilities.
Reconcile the loan settlement account (LSA) in Intellimatch on a deal-by-deal and daily basis. Should discrepancies exist, resolve discrepancies by investigating the source of the discrepancies and non-payment of funds in the IBS Paying & Receiving systems on a deal-by-deal and daily basis.
Monitor and report to front office and senior management any delinquent accounts (past due principal, interest and fees report).
On a deal-by-deal and daily basis, Credit Services’ staff reconciles loan funding between IBS Loan IQ and FX/MM, by coordinating reconciliation between Treasury Front Office, Treasury Back Office and Credit Services.
2 to 7+ years Loan Administration experience at a Commercial Bank
Must have strong Loan IQ system knowledge
Knowledge of FX/MM (loan funding), Swift Alliance is a plus
Knowledge of Standby Letters of Credit and UCP600 and ISP98 a plus.
This Loan Portfolio Administrator role is currently remote but will require 3 days per week in the midtown Manhattan office from September, so please only apply if you are able to travel to this location, have relevant experience for the role and are eligible to work in the United States. The salary is dependent on experience, however the initial range is $70-85k base plus bonus. If your profile matches the above criteria, please apply/email me Trishan Khareghat
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