Loan Administrator

New York, NY

Posted: 02/27/2018 Industry: FIN Consulting Job Number: 10567957
Job Description Deal Administrator

Under minimal supervision, uses specialized knowledge and skill obtained through education and experience to audit, book, analyze, administer, and reconcile commercial loans and corporate loans. Handles frequent trouble-shooting of moderate to complex issues, requiring evaluation, originality, and critical thinking skills to apply the appropriate procedures, processes and techniques.

The Deal Administrator will be responsible for the following:
  • Process daily events i.E. Borrowings, principal payments, rollovers, repricings, break funding and commitment reductions
  • Process loan interest, facility and letter of credit fees
  • Process commitment, unutilized and letter of credit fees
  • Maintain administrative details and standard settlement instructions
  • Maintain current and organized work files
  • Monitor and reconcile cash activities related to assigned deals
  • Respond promptly to all service requests from clients and business
  • Investigate and resolve discrepancies of interest and fees, commitment and facility balances, and outstanding amounts on a timely basis.
  • Monitor expiration dates for all assigned accounts
    The Deal Administrator will report to a Team Leader and work alongside a team of Administrators

  • Loan IQ proficient
  • Minimum 4 years loans administration experience
  • Team oriented
  • Pre-Export Finance experience a plus
  • BA/BS Finance/Accounting/Economics a plus
  • Ability to comprehend legal documents
  • Strong problem solving and critical thinking skills
  • Strong interpersonal and communication skills
  • Self motivated, confident and committed; able to work independently.
  • Professional and proactive approach to work
  • Strong organizational skills, concern for quality and accuracy
  • Ability to work well under pressure, ability to multitask
  • Effective time management skills
  • Assist team members
  • Participate in department initiatives and projects

Richard Franco

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