Loan Servicer - Team Lead Loan Servicer - Team Lead …

SOCIETE GENERALE
in Jersey City, NJ, United States
Permanent, Full time
Be the first to apply
Competitive
SOCIETE GENERALE
in Jersey City, NJ, United States
Permanent, Full time
Be the first to apply
Competitive
Loan Servicer - Team Lead
Environment
The SOCIETE GENERALE Corporate Investment Bank is the third largest corporate and investment bank in the Euro zone with presence in 45 countries across Europe. It is an Investment Bank with three primary areas of focus (Euro capital markets, Derivative products and Structured Finance). SG aims to be a leading European corporate and investment bank, offering excellence of service to its client, strong profitability to the Group and its shareholders and to be an employer of choice for its employees.
The Loan Servicing Group is in charge of the booking and the administration of the loans for Societe Generale New York branch. The department comprises with 2 main groups the closers responsible for setting up the deal in the bank's system (LIQ) and the servicers who actually manage the loan administration: notices, funding, interests & fees.

Mission
RESPONSIBILITIES

  • Distributes tasks to the team and manages the priorities daily (and if needed reallocates during the day).
  • Identifies and implements processes improvement.
  • Setup and monitors of his team's indicators on a daily basis to ensure open cash breaks ,Suspense / Open items / Pastdue / Accts Recievables are well managed and cleared timely.

  • Review, verify, and authorize daily loan transactions
  • Perform analysis and reconciliation of fee and interest accruals
  • Be responsible for booking loans including Money Market, Bid, Commercial Paper, Non-performing and Direct/Agented facilities
  • Prepare notices of activities to fax to all participants/customers for loan confirmation
  • Preparation/review of loan forms related to booking of new borrowings, increases, rollovers, pay-downs, commitment reductions, etc., prior to obtaining loan officer approval signatures
  • Responsible for the daily transfer of loan proceeds
  • Prepare interest and fee billings on all direct/agented loans, billing the customers and send pro-rata shares to the participants
  • Booking of risk participation's sold
  • Process interest, commitment fees and investigate discrepancies when necessary
  • Preparation/posting of GL entries as required
  • Review various system generated reports to ensure proper monitoring of the facilities.


  • Profile
    TECHNICAL SKILLS

    Required/Must have:

  • Proficient in Loan IQ
  • Knows the loan products, principles of cash payments in USD and foreign currencies.
  • Strong Reconciliation Skills
  • Strong working knowledge of Excel
  • LIQ Loan System
  • Required/Must have:

  • Strong analytical skills, reconciliation skills
  • Attention to detail and accuracy
    • Strong written and verbal communication skills
  • Ability to work in an independent fashion
  • Self-confidence
  • Strong time management/organizational skills
  • Team player
    Desired/Plus:
  • Fluency in French
  • Required/Must have:

  • Minimum 10 years prior experience in Commercial Lending using the LoanIQ application
  • Demonstrated exposure in supporting variety of portfolios (both as participant and agent)
  • Knowledge of Financial Products (Especially Loans, Guarantee and Stand by Letter of Credit etc.).
    Desired/Plus:
  • International banking experience
  • Desired/Plus:

  • Bachelors Degree in Finance, Accounting, or related discipline
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