CONTRACTOR - Structured Finance Back Office Servicing Specialist

Structured Finance Back Office Servicing Specialist

Contract- 6 months | Jersey City, NJ | Hybrid (4 Days Onsite)

Mission

RESPONSIBILITIES

• Review, verify, and authorize daily loan transactions.
• Perform analysis and reconciliation of fee and interest accruals.
• Book loans including Commercial Paper, Non-performing, and Direct/Agented facilities.
• Prepare notices of activities for all participants/customers for loan confirmation.
• Prepare and review documentation related to new borrowings, increases, rollovers, pay-downs, commitment reductions, and other loan activities prior to obtaining loan officer approval signatures.
• Manage the daily transfer of loan proceeds.
• Prepare interest and fee billings on all Direct/Agented loans, bill customers, and distribute pro-rata shares to participants.
• Process interest and commitment fees and investigate discrepancies as required.
• Perform reconciliation of Open Cash, Suspense Accounts, and Past Due processing.

Profile

REQUIREMENTS

Mandatory

• Experience in Commercial Lending using the Loan IQ application.
• 2-5 years of relevant experience
• Demonstrated experience supporting a variety of lending portfolios as both Agent and Participant.
• Knowledge of financial products, particularly Loans, Guarantees, and Standby Letters of Credit.
• Knowledge of loan products and principles of cash payments in USD and foreign currencies.
• Strong analytical and reconciliation skills.
• Strong attention to detail and accuracy.
• Strong written and verbal communication skills.
• Ability to work independently.
• English language proficiency.
  

Nice to Have

• Advanced proficiency with Loan IQ.
• Strong working knowledge of Microsoft Excel.