What are the responsibilities and job description for the Loan specialist position at Valley Bank?
Responsibilities include but are not limited to :
- Act as the liaison and single point of contact with internal and external counterparts / stakeholders from deal mandate to deal closing, as well as being point of escalation during life of loan monitoring / servicing.
- Manage deal flow pipeline with Relationship Managers and leading the interaction with Loan Operations.
- Coordinate and review internal closing documentation with relevant stakeholders for operational feasibility, optimal execution mechanics, regulatory requirements, and mitigation of operational risk.
- Manage the execution and process flow of the transaction, including escalation of issues and designing solutions that ensure risks are covered through adequate controls and protections.
- Maintain metrics on deal closings / servicing and monitoring of key performance indicators.
- Partner with relevant operations teams (closing and servicing departments) to ensure proper booking, accrual reconciliations, and daily cash positions.
- Maintain and review terms across deal structures to ensure Valley standards are followed, track points of escalation, and act as the governance contact for non-standard provisions.
- Review and investigate overdrafts daily, to ensure resolution of any open items prior to the Bank's cut-off time.
- Monitor and update ticklers system for policy and document exceptions, insurance information, and financial data, to include contacting customers / CPAs / insurance companies for expired information.
Last updated : 2024-11-24
