Loan Associate - Network ESC : Job Details

Private Investment Bank in Manhattan is in need of a Loan Associate.Monday Through Friday 9am-5pm **IN OFFICE**This position is for Assistant Officer level candidates.Your Role Overview: Follows established guidelines for day-to-day, routine operational and administrative work. May be required to use some independent thought to handle complex issues. Focus on execution within defined parameters, some expansion based on developing capabilities or experiences in conjunction with experienced staff. May have informal supervisory functions assigned. Your Duties and Responsibilities:

Captures credit related transactions and payments in ATLAS and Loan Management. Maintains operational ledgers and files of various forms in accordance with the Bank's policy.

Handles loan administrative work (funding arrangement, preparing Information Sheets, processing payment, etc.) based on the instructions received from agent banks and/or Lending front office on routine matters. Verifies that these instructions are in compliance with the terms set by the binding agreement.

Processes assigned non-routine loan activities such as purchases, refinancings, amendments, terminations and sale. Establishes new customers and facilities in Loantel/Nicotel, ATLAS, and Loan Management Systems, as necessary.

Monitors and applies incoming fees and interest payments. Investigates cash discrepancies associated with the responsible accounts. Claims compensation when necessary and follows up on reconcilement file.

Ensures that all cash movements are properly recorded on Cash Position Sheet and reported to Funds Transfer and other relevant departments according to the procedure. Conducts daily Nostro reconcilement.

Prepares various Information Sheets, tickets and confirmation forms for transactions based on written instructions once deal is established.

Handles back-office operations for bonds acquired by Lending Group. This includes: capturing new bond products in Loantel and ATLAS systems, processing purchase, sale, redemption and coupon payments as well as timely funding of floating bonds.

Prepares various reports as requested by the supervisors.

Reports irregularities to the Supervisor(s) and/or Department Manager on a timely basis.

Participate in the Loan IQ Project when the Bank implements Loan IQ by revisiting processes and workflows, creating and testing scenarios, providing training, updating manuals, as necessary etc.

Performs other duties and responsibilities as assigned by management.

Your Qualifications:

Bachelor's degree or its equivalent with 2+ years of related experience

2+ years of experience in loan operations in a bank. Experience with Loan IQ is preferred. Syndicated and bilateral loans experience is highly desirable.

Basic accounting knowledge and good mathematical aptitude.

Proficient in Microsoft Outlook Email and Calendar, Word, Excel, Access, Teams, and SharePoint.

Good communication skills.

Good time management, including punctuality and attendance.