1 Loan Administrator Job in Jersey, NJ
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Veterans Sourcing Group is Hiring a Loan Administrator Near Jersey, NJ
Location - Jersey City NJ
Duration - 4 months Contract (Hybrid)PRINCIPLE DUTIES AND RESPONSIBILITIES: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.
Credit Arrangement Maintenance
Independently manage administrative processes for complex loan deals as administrative agent, bilateral lender
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
Commercial Loan Maintenance
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
Reconciliation
Act as a trouble-shooter for deal management related problems
Communicate with treasury to confirm discrepancies in funding rates
Interact with customers for all cash movement activity
Reconcile statement to ledger entries
Skills:Five years or more of loan product experience as Administrative Agent
Experience with loan operating systems: ACBS, LoanIQ
Experience with specialized lending products (e.g. Asset Securitization, Leasing, Collateralized Loan Obligations, Project Finance, Loan Trading, and or Credit Derivatives, as necessary)
Experience with compliance in a lending area
Experience with collateral evaluation procedures
Proficient in management of lending products
Be thorough and accurate and demonstrate attention to details
Competent written and oral communications skills
Organizational skills and to work well under pressure
Ability to identify and solve problems
Knowledge of payment (FED, CHIPS, SWIFT)
ACBS knowledge is required
Job Summary
Full Time
Business Services
$38k-48k (estimate)
07/12/2024
08/02/2024
theclgrp.com
NEW YORK, NY
<25
2006
<$5M
Business Services
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About Veterans Sourcing Group
Welcome to the Veterans Souring Group company profile. Veterans Sourcing Group (VSG) is a Service Disabled Veteran Owned Small Business SDVOSB. Veterans Sourcing Group was formed to honor our Heroes by enabling Veterans to find employment and assisting companies, large and small, to gain access to Veterans. Today, the US Military Veteran returning from active duty abroad is increasingly being shut out of IT Jobs due to off shoring, lack of experience, lack of training or a combination of both. The Veterans Sourcing Group solution combines the talents of the C&L Group professionals who current...ly compete with the Indian Outsourcers with the veteran experiences of its JV partner to provide the necessary training, coaching, guidance and placement services to our Veterans to locate and succeed in these high tech jobs. Veterans Sourcing Group, a SDVOB designated firm, is in position to receive preferential treatment by Industry and Government in the award of contracts that may otherwise have gone offshore. Companies with active Diversity Programs are able to include VSG spend and or staff augmentation headcount in fulfillment of their diversity and minority goals as a result of our 51% ownership by a Service Disabled Veteran. The Veterans Sourcing Groups motto, Keeping American Jobs for American Vets, is designed to not only be a catchy phrase but to honor the service of our nations best, the Veterans. We focus on developing needed partnerships by reaching out to the Public and Private Sectors and the US Government through agencies such as the Veterans Administration to get them to share in its Vision and Goals.
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The job skills required for Loan Administrator include Commitment, Attention to Detail, Organizational Skills, Integrity, Lending Products, Commercial Loans, etc. Having related job skills and expertise will give you an advantage when applying to be a Loan Administrator. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Loan Administrator. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Loan Administrator positions, which can be used as a reference in future career path planning. As a Loan Administrator, it can be promoted into senior positions as a Loan Processor II that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Loan Administrator. You can explore the career advancement for a Loan Administrator below and select your interested title to get hiring information.
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