Loan Administrator

  • Competitive Pay!
  • New York, NY, USA
  • Contract, Full time
  • International Market Recruiters
  • 23 Jan 18 2018-01-23

LOAN ADMINISTRATOR - TEMP TO PERM - EXCELLENT PAY! Leading Financial Firm is hiring an Agency Administrator to join their New York City team to be responsible for closing and day to day management of all transactions. Great opportunity to get your foot in the door with an industry leader who honors success with promotion and financial reward.

LOAN ADMINISTRATOR - TEMP TO PERM - EXCELLENT PAY!

You will be responsible for the closing and day to day management of all transactions including daily input and authorization of transactions, reconciliations, management reporting, and general operational support. As Administrator, you will have a defined core competency and will assist in processing across operations. 

Your responsibilities will include: 

Ensure all compliance requirements are met 
Set-up deals, including pricing & fee matrix, evergreen clauses
Update SNC for Syndication deals
Establish an open and positive relationship with borrowers
Provide timely notification of all activity to the syndicate lender group
Provide information for daily MM position 
Input all activity into LoanIQ
Daily monitoring of cash movements for lending activity to ensure no fails 
Reconciliation of the lending administration account 
Process all interest and fees in Loan IQ system
Maintain loan files, settlement of assignments and secondary loan trading
Prepare the letter of credit for new issuances 
Review loan clearing account daily to ensures all differences are resolved
Run scheduled activity report for daily processing & position report
Investigates all discrepancies regarding principal, interest, and fees
Maintain and monitor breakage costs 

Required knowledge:

2+ years relevant work experience with closing and day to day management of all loan transactions 
Familiar with the UCP 600 and the ISP 98
Working knowledge of Kapiti, Credient, Global Message Manager (GMM), eAloc
Self-starter with strong analysis, communications & Excel skills