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Specialist Loan Operations

Jersey City, NJ
Intermedia Group has been asked by our client for assistance in filling the following opening:

Title:           Spe
cialist Loan Operations

Location:   Jersey City, NJ

Type:          Full time employee

Overall Purpose of Job: 
To accurately process facility and loan transactions and maintain clean portfolio by resolving pending items in a timely manner.

Essential Functions:
1.       Process daily loan transactions in accordance with instructions received from the agent bank/middle office:
  • Input accurate information in LOD Fax Tracking & Funding system (FTFS) and ensure all instructions received are processed on the same day. 
  • Secure approvals from middle office via FTFS 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 CPS 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.
2.     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. 
3.  Participate in ODA’s Power of Teamwork, Compliance check and Information security related activities; perform special projects as required.   
4.    Staff training:
§  One on one training new staff members to perform the administrator’s task, e.g., ACBS, IMMS, and fax tracking funding system etc.
Coach administrator with difficult tasks, e.g., assignment, B/A loans    

Required Experience:

4 to 5 years of banking experience in administering syndicated (agency) deals, Supervisory experience preferable. 

2+ years college is required.

If you are interested in pursuing this opportunity, please respond back and include the following:
• Full MS WORD Resume
• Current and required compensation
• Current contact information
• Availability
Upon receipt, one of our managers will contact you to discuss the position in full detail.
David Trinidad
Intermedia Group
Corporate Web Site: www.intermediagroup.com
Mervin Hernandez | Recruiter
Intermedia Group Inc. | New York, NY
Main: (212) 248-0100
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