Job Summary

Loan Analyst

  • Location:
    Jersey City , New Jersey
  • Category:
  • Contract Type:
  • Job reference:

• Process daily loan transactions in accordance with instructions received from the agent bank/middle office: • Input accurate information in CLO (Commercial Loan Operations) IRIS (Fax System) and LoanApp and ensure all instructions received are processed on the same day. i.e: Rollover, New loan, paydown, conversion, interest and fee settlement, etc. • Secure approvals from middle office via IRIS/LoanApp when necessary. • Report and escalate any back value / irregular transactions to the designated checker. • Arrange funding and/or break funding prior to the cut off time. • Process outgoing loan related payments via GPP for FED/CHIP/SWIFT payment. • Timely billing if applicable and process all incoming funds for fees, principal and interests. • Update customer / agent bank contact list and special handling list periodically. • Timely filing & Record Management. • Investigate and resolve pending items in WIP / FAD / SUS, GL / Sub ledger accounts. • Effectively communicate with agent bank/middle office to resolve discrepancies. • Claim compensation for late payment received. • Send swift message, e.g. MT199 for unidentified incoming funds. • Administer complicated loan transactions. Review and participate in LOD Operating Manual discussion and update.

college grad or its equivalent with 2-5 years of experience in the field or in a related area. Has knowledge of commonly-used concepts, practices, and procedures within a particular field. Relies on instructions and pre-established guidelines to perform the functions of the job. Works under immediate supervision. • Loan Experience a plus

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All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.

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