Loan Operations Specialist

The Loan Operations Specialist will be responsible for performing a variety of duties to support the loan operations function. She/He/They will be responsible for processing all syndicated and bi-lateral loan transactions to ensure timely disbursement of funds processed through SIRE and the LoanIQ loan management system. The Loan Specialist will perform all operational tasks associated with the loan transaction, including loan account reconciliation and the processing of associated loan fees.

The Loan Specialist will respond to inquiries or requests for information from internal and external counter parties and will report pertinent information to the head of department.

• Processing Loan openings, closings and rollovers in SIRE or LoanIQ
• Ensure loan related transactions are properly entered in SIRE or LoanIQ
• Processing discounts, acceptances and Trade Bills, including Supply Chain receivables purchased via various trading platforms.
• Adherence to/completion of AML/OFAC controls including monitoring for “red flags” and referring to Compliance Department as needed.
• Ensure client and participant notices/confirmations (loans, interest and/or fees) are completed and forwarded in a timely manner
• Tracking and controlling the receipt and payment of principal and interest.
• Tracking and controlling receipt and payment of loan fees, including but not limited to commitment fees, agent fees, facility fees, etc. Investigating and reporting discrepancies.
• Tracking and controlling facilities in which the bank acts as the agent Bank.
• Reconciliation of receivable settlements including buffer accounts where appropriate.
• Clear open items and daily exceptions
• Maintaining operational loan files as well as archiving.
• Follow-up late payments, missing interest and/or fees with clients or agent banks, as required.
• Enter upfront/amendment fee information in LoanIQ
• Enter LIQ Form information in LoanIQ

• Complete knowledge of loan processing, practices, applications and procedures.
• Understanding of loan products including receivables, syndicated facilities and fee structures.
• Thorough knowledge of BSA/AML/OFAC rules and regulations, KYC policies and procedures.
• Proficient in Microsoft Office suite of products (especially Excel) and the use of SIRE for loan processing and LoanIQ
• Detail oriented in order to identify discrepancies in notices and payments. They must be proficient in the reconciliation of “Nostro”, and Sundry accounts.

• Minimum of five years previous experience in the area of loan processing.
• Detailed oriented and accurate with a strong work ethic.
• Organizational and follow-up skills
• Ability to multitask, work independently or as a member of a team in a fast paced environment and meet strict deadlines.

• Good verbal skills to communicate effectively with immediate superiors, Loan Officers, Treasury and a wide variety of external organizations including Agent banks concerning the processing of loans and funds transfers.

• Bachelor’s degree in finance, accounting, economics preferred
• High School Diploma or equivalent with appropriate industry experience a minimum.