Loan Operations Associate

New York, NY 10017

Employment Type: Direct Hire Industry: Banking/Finance Job Number: 2992 Salary Level: 65000 - 85000

Job Description


Top Tier mid-sized Financial Organization seeks Loan Operations Associate.

This is a direct hire full-time role with a premier mid-sized Financial Organization that offers competitive compensation and a great benefits package.

This is a hybrid onsite 2 days per week in midtown Manhattan.

In summary, you will:

• Process loans and deposit transactions, by communicating with customers and Operations/Treasury Group. Distribute detailed information of each transaction through internal systems or instruction memos.

• Assist account officers with Know your Customers (KYC) regulatory obligations.

• Close and maintain bilateral/syndicated loan facilities by collecting required documents from customers/agents. Deliver such documents to Operations Group with instructions, and conduct required checks/registrations in the systems.

• Create quarterly invoices, monthly statements and distribute to customers in a timely manner.

• Handle covenants of each credit facility by registering due dates in the system and collect required documents from customers/agents.

• Generate and circulate internal periodical reports to senior executives.

• Perform general administrative functions and monitor current publication subscription, current subscriptions and web-based services if needed.

• Update/maintain customer files and required documents. Ensure retention and record keeping of all FFG files and documents are in accordance with the retention requirements.
 

Requirements include:

• 2+ years of hands-on loan operations experience

• Must be versatile, able to work effectively independently or as part of a team on multiple projects simultaneously.

• Proficient in Microsoft Excel, Microsoft Word, and other Office products (advanced).

• Strong communication skills both verbal and writing, with attention to detail.

• Ability to work independently with minimal guidance and supervision.

• Flexible to work beyond regular office hours as necessary
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