Loan Administrator

This person will act as point of contact for client or agent bank accounts within their assigned portfolio, and also maintain and establish credit authorizations, fee accrual schedules and loan templates consistent with ALTAR closing request and credit agreements.

Client Details

Our client offers its large corporate and institutional clients a range of products and services in capital markets activities, investment banking, structured finance, commercial banking and international trade.

Description

• Act as point of contact for client or agent bank accounts within their assigned portfolio.
• Maintains and establishes credit authorizations, fee accrual schedules and loan templates consistent with ALTAR closing request and credit agreements.
• Maintains client standard payment instructions for authorizations in their respective portfolio.
• Enter upfront/amendment fee information in CLIX, consistent with ALTAR closing request and agent notifications.
• Review maturity report to identify transactions maturing within five business days, and initiate appropriate rollover pay down operation.
• Maintain up to date operations file with supporting documentation.
• Follow-up late payments, missing interest and/or fees with clients or agent banks, as required.
• Ensure client and participant notices/confirmations (loans, interest and/or fees) are completed and forwarded in a timely manner to clients within their portfolio as needed.
• Liaise with the Commercial Groups in preparing Funding Memos for assignments

Profile

• Seven years or more of loan product experience
• Experience with loan operating systems
• Experience with compliance in a lending area
• Experience with collateral evaluation procedures
• Proficient in management of lending products
• Be thorough and accurate and demonstrate attention to details
• Competent written and oral communications skills
• Organizational skills and to work well under pressure
• Ability to identify and solve problems

Job Offer

• Amazing benefits starting day one of employment.
• Competitive hourly rate.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.