Loan Operations Associate

About the job Loan Operations Associate Salary: $ 80, 000.00We have partnered with a financial company in the New York, NY area to provide them with a Loan Operations Associate. Please review the below description and let us know if you are interested. Prioritized must haves for the Loan Operations Associate: #1. Bachelors degree or its equivalent with 2+ years of related experience#2. 2+ years of experience in loan operations in a bank. Experience with bilateral loans using Loan IQ is required. Syndicated loans experience is highly desirable.#3. Proficient in Microsoft Outlook Email and Calendar, Word, Excel, Access, Teams, and SharePoint.Responsibilities of a Loan Operations Associate:Follows established guidelines for day-to-day, routine operational and administrative work. May be required to use some independent thought to handle complex issues. Focus on execution within defined parameters, some expansion based on developing capabilities or experiences in conjunction with experienced staff. May have informal supervisory functions assigned.Captures credit related transactions and payments in ATLAS. Maintains operational ledgers and files of various forms in accordance with the Banks policy.Handles domestic loan administrative work (funding arrangement, preparing Information Sheets, processing payment, etc.) based on the instructions received from agent banks and/or Lending front office on routine matters. Verifies that these instructions are in compliance with the terms set by the binding agreement.Processes assigned non-routine loan activities such as purchases, refinancing, amendment, termination and sale. Establishes new customers and facilities in Loantel/Nicotel, ATLAS, and Loan Management Systems, as necessary. Monitors and applies incoming fees and interest payments. Investigates cash discrepancies associated with the responsible accounts. Claims compensation when necessary and follows up on reconcilement file.Ensures that all cash movements are properly recorded on Cash Position Sheet and reported to Funds Transfer and other relevant departments according to the procedure. Conducts daily Nostro reconcilement.Prepares various Information Sheets, tickets and confirmation forms for JCF transactions based on written instructions once deal is established. Handles back-office operations for bonds acquired by Lending Group. This includes: capturing new bond products in Loantel and ATLAS systems, processing purchase, sale, redemption and coupon payments as well as timely funding of floating bonds. Prepares various reports as requested by the supervisors.Reports irregularities to the Supervisor(s) and/or Department Manager on a timely basis.Participate in the Loan IQ Project when the Bank implements Loan IQ by revisiting processes and workflows, creating and testing scenarios, providing training, updating manuals, etc.Performs other duties and responsibilities as assigned by management.Requirements of a Loan Operations Associate:Bachelors degree or its equivalent with 2+ years of related experience2+ years of experience in loan operations in a bank. Experience with bilateral loans using Loan IQ is required. Syndicated loans experience is highly desirable.Basic accounting knowledge and good mathematical aptitude.Proficient in Microsoft Outlook Email and Calendar, Word, Excel, Access, Teams, and SharePoint.Good communication skills.Good time management, including punctuality and attendance.Other Key Requirements:In office role.No sponsorships or visa holders. No Corp-to-Corp.Benefits of a Loan Operations Associate:Medical InsuranceDental InsuranceRetirement PlansAbout the Company:Cyfle is a global business dedicated to connecting talents worldwide. Our comprehensive RPO services, placement services, and training services help businesses unlock their full potential.