Senior Deal Administrator - Syndications
Senior Deal Administrator - Syndications
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
The Direct Debt group services all bilateral loans or direct lending obligation of the Bank for the NY CA and FL offices. Direct lending is done out of the Corporate Lending Division Real Estate Installment Loans International & Domestic Private Banking.
- Assist Team Lead in overseeing the day-to-day functions of a loan servicing team. Ensuring accurate and timely processing of loan transactions; loan onboarding advances payments renewals modifications and payoffs while maintain compliance with regulations and bank policies by leading training and supervising a team of loan operations specialists.
- Back up for Team Leads responsibilities during his/her absence
- Assist with complex loans and provide training to less experience administrators
- Process daily work in Loan IQ which includes: review of incoming faxes email and mail processing advances repricings and rate changes and interest fee and principal payments to loans on direct participated or syndicated deals.
- Responsible for matching incoming cash and ensuring release of outgoing cash for all transactions processed
- Obtain internal approval for advances and new borrowings as required.
- Ensure that Promissory or Grid Notes and other supporting documents are received complete and fully executed if not follow-up with appropriate personnel in Lending.
- Interpret Credit Agreements Amendments Notes Line Letters etc. and update Loan IQ as indicated in the legal documents.
- Process origination fees and other closing costs.
- Communicate with internal lending officers and agent bank representatives on syndicated deals.
- Investigate and resolve customer inquiries and account discrepancies
- Reconciliation interest and fee discrepancies.
- Ensure that all work processed meets audit and compliance requirements.
- Participate in department projects and initiatives as required.
- Assist in testing and implementation of system enhancements as required.
- Prepare and circulate departmental reports as assigned.
- Other duties as assigned.
Qualifications :
Minimum 5-10 years loan operations experience including supervisory/approval role
Bachelors degree or equivalent education and related training
Proficiency with Loan IQ
Effective communication and interpersonal
Ability to work independently and also interact as part of a team
Attention to detail
Capable of managing multiple tasks
Ability to identify analyze and resolve accounting related problems independently
Technical skills to include Windows systems and Microsoft Office products (Outlook Excel and Word)
The expected annual base salary for this position is between $ at the start of employment. A salary offer is determined on an individualized basis taking into consideration factors such as an individuals skills experience and book of addition to base salary our total rewards package also includes eligibility for incentive compensation medical pharmacy dental and vision plans life and disability insurance employee wellness program retirement and savings plans with employer contributions generous holiday and paid time off schedules parental leave and tuition reimbursement.
Additional Information :
The Bank will make reasonable accommodations to the following employees to allow them to perform the essential functions of their position except where doing so would result in undue hardship to the Bank:
- Those with a known mental or physical disability.
- Pregnant individuals and/or individuals with pregnancy or childbirth-related medical conditions.
- Victims of domestic violence sex offenses or stalking.
- Employees with religious observance and practice obligations.
Any employee who believes he or she needs an accommodation for any of the above reasons should contact their supervisor or a member of Human Resources to request such an each case the Bank will engage in a good faith written or oral dialogue concerning the individuals accommodation needs; potential accommodations that may address the individuals accommodation needs including alternatives to a requested accommodation; and the difficulties that such potential accommodations may pose for the employer.
The Bank retains the ultimate discretion to choose the appropriate reasonable accommodation. Upon reaching a final determination at the conclusion of the cooperative dialogue the Bank will provide the requesting individual with a written final determination identifying any accommodation granted or addition the Bank will maintain any information regarding the employees request and status in the strictest confidence except as requested by the employee as required on a need-to-know basis or as otherwise required by law.
Disclaimer
The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time as needed.
All your information will be kept confidential according to EEO guidelines.
IDB BANK INCLUDING ITS SUBSIDIARIES AND DIVISIONS PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT WITHOUT REGARD TO RACE COLOR RELIGION SEX SEXUAL ORIENTATION NATIONAL ORIGIN AGE DISABILITY GENETIC STATUS CITIZENSHIP STATUS MARITAL STATUS MILITARY OR VETERAN STATUS CURRENT UNEMPLOYMENT OR ANY OTHER LEGALLY PROTECTED CATEGORY IN ACCORDANCE WITH APPLICABLE FEDERAL STATE AND LOCAL LAW. NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT.
IDB BANK INCLUDING ITS SUBSIDIARIES AND DIVISIONS PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT WITHOUT REGARD TO RACE COLOR RELIGION SEX SEXUAL ORIENTATION NATIONAL ORIGIN AGE DISABILITY GENETIC STATUS CITIZENSHIP STATUS MARITAL STATUS MILITARY OR VETERAN STATUS CURRENT UNEMPLOYMENT OR ANY OTHER LEGALLY PROTECTED CATEGORY IN ACCORDANCE WITH APPLICABLE FEDERAL STATE AND LOCAL LAW. NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT.
Remote Work :
No
Employment Type :
Full-time
Employment Type
Full-time
