Responsibilities
• Read, comprehend, and interpret complex loan and security agreements (200 – 300 Pages), other legal documentation as required, and approval documents/memos.
• Review loan documents for accuracy compared to what was approved and resolve issues that arise.
• Review complex disbursement authorizations/funds flow, identify inconsistencies within the funds flow, be aware of what forms of wire transfers ABL.
• Understand all aspects of fee accounting, Loan IQ fee types, and transactions and their impact
• Identify risks inherent in loan documentation/loan structure, implement appropriate controls (e.g., quarterly interest, unusual amortization schedules)
• Identify appropriate team members within loan operations and other areas of ABL to affect the loan transaction and effectively coordinate and communicate with each deal team member as the transaction moves towards closing
• Analyze borrowing base components/structure and propose the ‘best’ borrowing base structure given Loan IQ system environment for ease of ongoing monitoring
• Structure and build the loan-on-Loan IQ as appropriate and based on respective loan documentation, seek advice where necessary for more complex transactions/structures
• Coordinate closing and funding of transactions with deal team members such that loans are booked efficiently and with the proper sense of urgency for deadlines, this may include rigorously communicating clearly with ABL business partners and other loan operation areas.
• Prepare loan checklists, update loan database, file loan documents/information post close
• Follow-up and close outstanding issues related to the loan set-up including post-close issues identified by ABL Ops Risk Analyst.
• Assist in ABL loan operations projects as needed, analyze existing processes and propose improvements where identified, and be willing to contribute wherever possible.
Qualifications we seek in you!
Minimum qualifications
· Bachelor's degree in accounting/finance
· Knowledge of the asset-based lending line of business, borrowing base concepts, and general knowledge of roles/responsibilities of syndications, origination, underwriting, portfolio, and field exam. Knowledge of loan documentation and willingness to gain a more in-depth understanding of legal documents and terminology. Knowledge of fee accounting. Knowledge of flood regulation.
· Effective communication and customer service skills both internally and externally focused and verbal and written, speak up and proactively notifies deal team members on updates. Ability to formulate open-ended questions in either verbal or written format.
· Knowledge of Loan IQ and Microsoft applications (Excel, Word PowerPoint)
· Open to work in a night shift
Preferred qualification
· Knowledge of Loan IQ and Microsoft applications (Excel, Word PowerPoint)