Loan Administrator

REQ Solutions
Jersey, NJ Contractor
POSTED ON 7/9/2024 CLOSED ON 7/30/2024

What are the responsibilities and job description for the Loan Administrator position at REQ Solutions?

Title - Loan Administrator

Location - Jersey City NJ

Duration - 4 months contract



Duties :

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

Ideally a candidate that has worked in one of the major banks.

Salary : $35 - $39

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