Loan Administrator (Operations)


New York, NY

Industry: Financial Services


5 - 7 years

Posted 290 days ago

  by    Emily Almani

This job is no longer available.

The Loan Operations group seeks an Loan Administrator who has solid loan operations experience including hands-on knowledge of STUCKY loan system to join their team.  


  • Process daily work in STUCKY, which includes: review of incoming faxes, email, and mail, processing advances, repricing, rate changes, interest, fee and principal payments to loans on direct, participated, or syndicated deals.
  • Obtain internal approval for advances and new borrowings as required.
  • Ensure that Promissory or Grid Notes and othersupporting documents are received, completed, and fully executed.
  • Interpret Credit Agreements, Amendments, Notes, Line Letters, etc. and updateLoan IQ as indicated in the legal documents.
  • Track monthly aging and inventoryschedules.
  • Reconcile monthly aging, inventory and borrowing base certificates.
  • Reconcile and affect changes to the Ineligibles.
  • Prepare concentration reports.
  • Review the daily postings (registers) to check for errors.
  • Assist in Daily Proofs and process Interface file to Fiserv server.
  • Update the EOD and Month-End process 
  • Communicate with internal lending officers and agent bank representatives on syndicated deals.
  • Investigate and resolve customer inquiries and account discrepancies.
  • Reconciliation interest and fee discrepancies.
  • Ensure that all work processed meet audit and compliance requirements.  
  • Participate in department projects and initiatives as required.
  • Assist in testing and implementation of system enhancements as required.
  • Prepare and circulate departmental reports as assigned.
  • Other duties as assigned. 

Minimum Qualifications 

  • Minimum 5years loan operations experience
  • Good working knowledge of Asset Based Lending
  • Working knowledge of STUCKY loan system
  • Bachelor?s degree or equivalent education and related training
  • Effective communication and interpersonal 
  • Ability to work independently while also interact as part of a team
  • Capable of managing multiple tasks while maintaining keen attention to detail
  • Ability to identify, analyze, and resolve accounting related problems independently
  • Technical skills to include Windows systems and Microsoft Office products (Outlook, Excel and Word)