Job Description
·Prepare daily recons using bank accounts and validate required posting to the commercial loan system
·Save and distribute incoming wires and validate required posting to the commercial loan system
·Prepare Excel spreadsheets calculating fees requiring manual posting to the commercial loan system
·Prepare and distribute activity notices, settlement reports and related support
·Direct fund administrators and custodian banks on appropriate processing and review/reconcile processing output for accuracy
·Reconciling Cash & PAR breaks with custodian banks and third-party administrators
·Sound knowledge for Loan life cycle events-Rollover, Paydown, Borrowing, Interest, Fees, PIK etc
·Knowledge on loan restructure (amendments and redials)
·Process all updates required in the commercial loan system
·Work with all internal and external stakeholders to improve and enhance settlement workflows
·Influencing and participating in decisions on policies/procedures designed to ensure compliance with internal, legal and regulatory policies and ensure changing business requirements are met
·Contribute ideas and recommendations to improve process efficiencies and risk mitigation
·Participate in meetings representing recon and participate in department initiatives such as system enhancements, off hours testing and new business conversions as necessary.
Reporting Relationships
There is no set deadline to apply for this job opportunity. Applications will be accepted on an ongoing basis until the search is no longer active.