Loan Operations Analyst

$60,000 - $65,000/Yr

Network Esc (A Division Of Network Temps, Inc.) - New York, NY

Full-time - Entry Level

New York, NY

About the position

The Loan Operations Analyst position at a Private Investment Bank in Manhattan involves managing various loan operations tasks, ensuring compliance with banking policies, and maintaining accurate records of transactions. The role requires attention to detail and the ability to handle both routine and non-routine loan activities, including administrative work related to domestic loans and bonds.

Responsibilities

• Captures credit related transactions and payments in ATLAS.
• Maintains operational ledgers and files of various forms in accordance with the Bank's policy.
• Handles domestic loan administrative work such as funding arrangements and processing payments based on instructions from agent banks or the Lending front office.
• Verifies compliance of instructions with the terms set by binding agreements.
• Processes assigned non-routine loan activities such as purchases, refinancing, amendments, terminations, and sales.
• 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 responsible accounts and claims compensation when necessary.
• Ensures all cash movements are properly recorded on the Cash Position Sheet and reported to relevant departments.
• Conducts daily nostro reconcilement.
• Prepares various Information Sheets, tickets, and confirmation forms for JCF transactions based on written instructions once a deal is established.
• Handles back-office operations for bonds acquired by the Lending Group, including capturing new bond products and processing transactions.
• Prepares various reports as requested by supervisors.
• Reports irregularities to the Supervisor(s) and/or Department Manager in a timely manner.
• Performs other duties and responsibilities as assigned by management.

Requirements

• High school diploma.
• 2+ years of experience in loan operations in a bank.
• Experience with bilateral loans and syndicated loans is required.
• Agency deal experience is highly desirable.
• Basic accounting knowledge and good mathematical aptitude.
• Proficiency with PC in business-related applications, including Microsoft Outlook, Word, and Excel.
• Good communication skills.
• Good time management skills, including punctuality and attendance.