What are the responsibilities and job description for the CONTRACTOR - Structured Finance Back Office Servicing Specialist position at SoHo Dragon?
Structured Finance Back Office Servicing Specialist
Contract- 6 months (w/ potential to convert to FTE) | Jersey City, NJ | Hybrid (4 Days Onsite)
Mission
RESPONSIBILITIES
- Review, verify, and authorize daily loan transactions.
- Perform analysis and reconciliation of fee and interest accruals.
- Book loans including Commercial Paper, Non-performing, and Direct/Agented facilities.
- Prepare notices of activities for all participants/customers for loan confirmation.
- Prepare and review documentation related to new borrowings, increases, rollovers, pay-downs, commitment reductions, and other loan activities prior to obtaining loan officer approval signatures.
- Manage the daily transfer of loan proceeds.
- Prepare interest and fee billings on all Direct/Agented loans, bill customers, and distribute pro-rata shares to participants.
- Process interest and commitment fees and investigate discrepancies as required.
- Perform reconciliation of Open Cash, Suspense Accounts, and Past Due processing.
Profile
REQUIREMENTS
Mandatory
- Experience in Commercial Lending using the Loan IQ application.
- 2-5 years of relevant experience
- Demonstrated experience supporting a variety of lending portfolios as both Agent and Participant.
- Knowledge of financial products, particularly Loans, Guarantees, and Standby Letters of Credit.
- Knowledge of loan products and principles of cash payments in USD and foreign currencies.
- Strong analytical and reconciliation skills.
- Strong attention to detail and accuracy.
- Strong written and verbal communication skills.
- Ability to work independently.
- English language proficiency.
Nice to Have
- Advanced proficiency with Loan IQ.
- Strong working knowledge of Microsoft Excel.