Junior Loan Analyst

Junior Loan Analyst

Jersey City, NJ
Intermedia Group has an opening for the following Consultant:
TITLE: Junior Loan Analyst
LOCATION: Jersey City, NJ

TYPE: Contract
RATE: $25 - $26/hr on a W2
Our banking industry client is seeking a driven new professional to join the commercial loans operations team. The opportunity to begin an engaging career in this team, will expose you to the process and regulations around loans systems, regulatory guidelines, and customer-client interactions important to high level finance teams. Prior advanced knowledge of loans operations is not necessary, however strong exposure to financial field is required.
  • Ideal candidates will have BS/MA in Finance / Accounting / Economics
  • Experience in banking, transaction, foreign exchange, mortgage-loans, trading – strong plus
  • 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 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 WIP / FAD / SUS, GL / Sub ledger accounts. 
  • 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. 

If you are interested in pursuing this opportunity, please respond back and include the following:
• Full MS WORD Resume
• Current and required compensation
• Contact information
• Availability
Upon receipt, one of our managers will contact you to discuss in full
Mervin Hernandez
Intermedia Group, Inc.
212 248-0100

Recruiter Contact

Steve Fleischner | Managing Partner
Intermedia Group Inc. | New York, NY
Main: (212) 248-0100
this job portal is powered by CATS