- 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 (funding arrangement, preparing Information Sheets, processing payment, etc.) based on the instructions received from agent banks and/or Lending front office on routine matters. Verifies that these instructions are in compliance with the terms set by the binding agreement.
- Processes assigned non-routine loan activities such as purchases, refinancing, amendment, termination and sale. 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 the responsible accounts. Claims compensation when necessary and follows up on reconcilement file.
- Ensures that all cash movements are properly recorded on Cash Position Sheet and reported to Funds Transfer and other relevant departments according to the procedure. Conducts daily nostro reconcilement.
- Prepares various Information Sheets, tickets and confirmation forms for JCF transactions based on written instructions once deal is established.
- Handles back-office operations for bonds acquired by Lending Group. This includes: capturing new bond products in Loantel and ATLAS systems, processing purchase, sale, redemption and coupon payments as well as timely funding of floating bonds.
- Prepares various reports as requested by the supervisors.
- Reports irregularities to the Supervisor(s) and/or Department Manager on a timely basis.
- Performs other duties and responsibilities as assigned by management.
- High school diploma.
- 2+ years of experience in loan operations in a bank. Bilateral loans and syndicated loans experience are required. Agency deal experience is highly desirable.
- Basic accounting knowledge and good mathematical aptitude.
- Proficiency with PC in business-related applications, at least for Microsoft Outlook Email and Calendar, Word, and Excel.
- Good communication skills.
- Punctuality
Temporary Associate - New York, United States - SUMITOMO MITSUI TRUST BANK, LIMITED
Description
Job Description
Job DescriptionAbout the Bank:
Sumitomo Mitsui Trust Bank, Limited was established through the merger of The Sumitomo Trust and Banking Co., Ltd with Chuo Mitsui Trust and Banking, Ltd. on April 1, 2012. We are the largest asset manager in Asia and number one among Japanese financial institutions by AUM, with $1,142 Billion USD in AUM. The Bank provides an assortment of financial solutions and manages a broad spectrum of financial products across its global branches.Department Overview:
The Americas Division ("AD") was established in the Sumitomo Mitsui Trust Bank, Limited, New York Branch) ("SMTBNY") to perform corporate functions and supervise U.S. entities. Established under the AD are the "Global Banking Unit ("GBU"), Americas Division" and "Global Markets Unit ("GMU"), Americas Division" which performs business functions. Acting as back office to the Branch's Global Banking Unit, Loan Operations Department ("LOP") is responsible for performing operational and administrative duties for booking and maintaining a wide range of credit-based products upon closing and throughout the life of transactions. The Department also provides certain check and balance points.
Your Position Overview:
Follows established guidelines for day-to-day, routine operational and administrative work. May be required to use some independent thought to handle complex issues. Focus on execution within defined parameters, some expansion based on developing capabilities or experiences in conjunction with experienced staff.
Your Duties and Responsibilities: