• Loan Reviewer

    Job Location(s) US-NJ-Jersey City
    Posted Date 3 weeks ago(4/3/2018 12:28 PM)
    Job ID
    2018-29115
    Category
    Banking/Finance
    Position Type
    Contract (Full-Time)
    # of Openings
    1
  • Responsibilities

    • Process daily loan transactions in accordance with instructions received from the agent bank/middle office. 
    • Input accurate information in CLO (Commercial Loan Operations) IRIS (Fax System) and LoanApp and ensure all instructions received are processed on the same day. i.e: Rollover, New loan, paydown, conversion, interest and fee settlement, etc. 
    • Secure approvals from middle office via IRIS/LoanApp when necessary. 
    • Report and escalate any back value / irregular transactions to the designated checker. 
    • Arrange funding and/or break funding with Treasury prior to the cut off time. 
    • Process outgoing loan related payments via GPP for FED/CHIP/SWIFT payment. 
    • Timely billing if applicable and process all incoming funds for fees, principal and interests. 
    • Update customer / agent bank contact list and special handling list periodically. 
    • Timely filing & Record Management. 
    • Investigate and resolve pending items in Cash Accounts, Past Dues and Break-funding charges. 
    • Effectively communicate with agent bank/middle office to resolve discrepancies. 
    • Claim compensation for late payment received. 
    • Send swift message, e.g. MT199 for unidentified incoming funds. 
    • Administer complicated loan transactions. Review and participate in LOD Operating Manual discussion and update. 

    Qualifications

    Requires a recent college grad or its equivalent with 0-2 years of experience in the field or in a related area. Has knowledge of commonly-used concepts, practices, and procedures within a particular field. Relies on instructions and pre-established guidelines to perform the functions of the job. Works under immediate supervision. 

    • Loan Experience a plus 
    • ACBS experience a plus

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