Job Detail
Position: Loan Clerk Category: Clerical/Office
City: Wayne State : NJ
Branch Name: Pompton Plains Dress Code:
Branch Phone: (973) 839-4401 Job ID: 414767
Pay Information: Order Type: Clerical
Description
A growing financial institution is looking to add a Consumer Loans Administrator to their team near Wayne, NJ. This is a phenomenal opportunity for candidates within experience within banking and finance to establish themselves in a long term role.

Job Responsibilities
• Accurately process new drawdowns, paydowns, letter-of-credit activities for syndicated loan transactions. Coordinate daily funding requirements. Provide lending-related customer service to borrowers and investors. Fully understand Pro-Rata calculations and availability.
• Calculate, invoice and disburse ongoing interest and fee payments from a Borrower and/or Lender perspective including Agency and Amendment fees as well as all quarter end activity
• Ensure all monies due and payable to the bank are collected and/or reconciled. All past-due principal interest and fees are reported, followed up on, and ultimately collected.
• Adhere to all internal policies and controls, ensure external regulatory compliance where applicable.

Background Profile
• Ability to interpret credit agreements and related documentation (e.x. Admin Questionnaire)
• Experienced in variety of loan servicing activities including all aspects of loan funding
• Ability to follow instructions very well; detail-oriented
• Understanding of all aspects of deal/loan administration functions and tasks
• Previous use of a loan syndications system preferred, but not required
• Ability to trouble-shoot basic loan related functional problems/issues
• Understand differences between Commitments and Outstandings
• Loan Administration, ability to interpret credit agreements
• Strong oral and written communication skills
• Builds relationships, Problem Solving
• Initiative, Team Player
• Basic PC skills including general understanding of databases and Microsoft Word/Excel.
• Excellent mathematical skills. Ability to work with complex figures.
• Strong attention to detail, ability to handle multiple tasks simultaneously.

This is an immediate opening. Qualified candidates will be contacted within 24 hours of resume receipt.
About Us
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