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