Loan Administrator - Iselin, United States - Madison-Davis, LLC

Description

RATE: $350/day

DURATION: 6 months

Key Responsibilities

-Act as point of contact for client or agent bank accounts within their assigned portfolio.

-Maintains and establishes credit authorizations, fee accrual schedules and loan templates consistent with ALTAR closing request and credit agreements.

-Maintains client standard payment instructions in ACBS for authorizations in their respective portfolio.

-Enter upfront/amendment fee information in CLIX, consistent with ALTAR closing request and agent notifications.

-Review maturity report to identify transactions maturing within five business days, and initiate appropriate rollover paydown operation.

-Liaise with CA-CIB dollar (Blofi) and currency desks, as required, for funding of commercial loans.

-Ensure loan related transactions are properly entered in ACBS.

-Enter transactions to account for risk participations for Standby Letters of Credit in ACBS.

-Maintain up to date operations file with supporting documentation.

-Clear open items and daily exceptions in conjunction with CBO supervisors.

-Follow-up late payments, missing interest and/or fees with clients or agent banks, as required.

-Ensure client and participant notices/confirmations (loans, interest and/or fees) are completed and forwarded in a timely manner to clients within their portfolio as needed.

-Liaise with the Commercial Groups in preparing Funding Memos for assignments and ensure this information is correctly entered into ACBS

-MUST HAVE RECENT ACBS EXPERIENCE