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The department is comprised of 2 main groups: the Closing team, responsible for the initial deal setup and any subsequent changes to the deal structure; the Servicing team, responsible for daily loan administration post closing (i.e. Notices, funding, interests & fee payments, etc.). RESPONSIBILITIES - Track approval process and scheduled closings for credit facilities.
- Review of credit application/approval and loan documentation in preparation for loan closings to ensure:
o Proper loan documentation for all facilities reflecting structure of deal as presented in credit application. o Compliance with credit approval and bank credit policy. o Elimination of potential operational &/or administrative issues. - Responsible for credit administration process including:
o Acting as a liaison between Loan Officers and Loan Servicing to ensure proper functioning of accounts and loans. o Interacting with Loan Officers, Operations, customers, other banks, &/or legal counsel to gather all pertinent information in advance of loan closings. o Setting-up and maintenance of customer, deal, and facility information in LIQ ? ensure accuracy of system information (accurately reflects structure of deal). o Monitoring covenant and compliance -Extract loan covenant and compliance information from loan documents and input requirements into Loan IQ (doc Tracking). - Complete special projects as assigned.
TECHNICAL SKILLS Required/Must have: - Loan IQ, Microsoft word and Excel
COMPETENCIES Required/Must have: - Effective problem solving skills.
- Ability to work as a team player.
- Ability to effectively communicate (verbal and written).
- Good documentation skills.
- Detail-oriented.
- Strong analytical skills.
- Strong organizational, time-management, and multi-tasking skills
PRIOR WORK EXPERIENCE Required/Must have: - 3 -4 years relevant industry experience, specifically related to Deal Closings, restructures and amendments.
Desired/Plus: - International banking experience
- Loan servicing experience
EDUCATION Required/Must have: Desired/Plus: B.S.-Business Administration/Finance/Accounting.
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