The ABL and Factors group services all bilateral loans or direct lending and syndication obligations of the bank for the NY, CA, and FL offices. Lending is done out of the ABL and Factors area of the bank.
Job Description
- Process daily work in STUCKY, which includes: a review of incoming faxes, email, and mail, processing advances, repricing, and rate changes, and 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 other supporting documents are received, complete and fully executed, if not, follow-up with appropriate personnel in Lending.
- Interpret Credit Agreements, Amendments, Notes, Line Letters, etc., and update Loan IQ as indicated in the legal documents.
- Track monthly aging and inventory schedules.
- 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 Client 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 meets 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
- Good working knowledge of Asset Based Lending
- Minimum 5 years loan operations experience
- Working knowledge of STUCKY loan system
- Bachelor's degree or equivalent education and related training
- Effective communication and interpersonal
- Ability to work independently and also interact as part of a team
- Attention to detail
- Capable of managing multiple tasks
- Ability to identify, analyze, and resolve accounting related problems independently
- Technical skills to include Windows systems and Microsoft Office products (Outlook, Excel and Word)
Company Description:ATRIA Consulting, LLC is a Woman-owned Business Enterprise (WBE) Staffing and Solutions company certified by Women’s Business Enterprise National Council (WBENC), New York Empire State Development, New York City, and New Jersey. ATRIA Consulting, LLC is an Equal Opportunity Employer.