INTERNSHIP - Loan Servicing Reconciliation

Internship|New York|Banking operations processing

INTERNSHIP - Loan Servicing Reconciliation

New York, United States Internship Banking operations processing

Responsibilities

Base Salary Range: [$58,200 - $68,600] 
Base salary range does not include overtime pay, bonus and/or other benefits, where applicable. Actual base salary offer will vary based on skills and experience.


The SOCIETE GENERALE Corporate Investment Bank is the third largest corporate and investment bank in the Euro zone with presence in 45 countries across Europe. It is an Investment Bank with three primary areas of focus (Euro capital markets, Derivative products and Structured Finance).  SG aims to be a leading European corporate and investment bank, offering excellence of service to its client, strong profitability to the Group and its shareholders and to be an employer of choice for its employees.

The Loan Servicing Group is in charge of the booking and the administration of the loans for Société Générale New York branch. The department comprises with 2 main groups the closers responsible for setting up the deal in the bank’s system (LIQ) and the servicers who manage the loan administration: notices, funding, interests & fees.

Responsibilities:

  • Candidate will be part of the controls team supporting daily Receivable and Cash Break reconciliations
  • Participate in updating and maintaining of policy & procedure, documentation such as Job Aids and training.
  • Strong working knowledge of Microsoft Excel, Word and PowerPoint.  Power BI is a plus.
  • Basic working knowledge of accounting principles and account reconciliation processes and tools a plus.

Profile required

Competencies:

  • Effective problem solving and analytical skills.
  • Ability to work as a team player.
  • Ability to effectively communicate (verbal and written).
  • Good documentation skills.
  • Ability to manage large amounts of data and turn this date into meaningful analysis to respond to various inquiries.
  • Detail-oriented.
  • Strong organizational, time-management, and multi-tasking skills.
  • Must have the ability to work with strict deadlines (i.e. month-end close process).
  • Total adherence to Société Générale’s commitment to culture and conduct.

Experience Needed:

  • Associate’s or Bachelor’s degree or relevant experience.  Background with accounting, accounts receivables/payables a plus.

Business insight

OUR CULTURE: 
At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose new ideas. This way, we maximize our ability to serve client needs and anticipate market changes. Societe Generale is committed to strengthening bonds with colleagues, communities, and the world in which we live, because relationships are at the heart of how we operate.

D&I: 
Our Diversity & Inclusion Mission: Recruit, develop, advance, and retain a diverse workforce that is united in our efforts to enhance our competitive position and deliver innovative solutions to our clients.

Our Diversity & Inclusion Vision: 
•     Engaged workforce that is demographically diverse in a way that reflects the communities in which we operate
•     Inclusive culture and workplace that recognizes employees' unique needs and utilizes their diverse talents 
•     Engage our community and marketplace, and position the organization to meet the needs of all its clients

For more information about our D&I initiatives, please visit this link (https://americas.societegenerale.com/en/societe-generale-about/diversity-and-inclusion/)

HYBRID WORK ENVIRONMENT:
Societe Generale offers a hybrid work arrangement that offers employees the flexibility to work remotely, as well as on-site, in order to promote interaction and collaboration with colleagues while adhering to all SG standard protocols.  Hybrid work arrangements vary based on business area.  The applicable Business lines will determine and communicate the work arrangements that best meet their business needs.

We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Reference: 230001EQ
Entity: SG AMERICAS OPERATIONAL SECURITIES
Starting date: 2023/03/06
Publication date: 2023/01/20
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