Loan Servicer

 Jersey City, United States       Permanent contract        Banking Operations

Responsibilities

RESPONSIBILITIES

  • Review, verify, and authorize daily loan transactions
  • Perform analysis and reconciliation of fee and interest accruals
  • Be responsible for booking loans including Money Market, Bid, Commercial Paper, Non-performing and Direct/Agented facilities
  • Prepare notices of activities to fax to all participants/customers for loan confirmation
  • Preparation/review of  loan forms related to booking of new borrowings, increases, rollovers, pay-downs, commitment reductions, etc., prior to obtaining loan officer approval signatures
  • Responsible for the daily transfer of  loan proceeds
  • Prepare interest and fee billings on all direct/agented loans, billing the customers and send pro-rata shares to the participants
  • Booking of risk participation’s sold
  • Process interest, commitment fees and investigate discrepancies when necessary
  • Preparation/posting of GL entries as required
  • Review various system generated reports to ensure proper monitoring of the facilities.

Profile Required

TECHNICAL SKILLS

Required/Must have:

 

  • Proficient in Loan IQ
  • Knows the loan products, principles of cash payments in USD and foreign currencies.
  • Strong working knowledge of Excel

COMPETENCIES

Required/Must have:

 

  • Strong analytical skills

  • Attention to detail and accuracy

  • Strong written and verbal communication skills

  • Ability to work in an independent fashion

  • Self-confidence

  • Strong time management/organizational skills

  • Team player

    Desired/Plus:

  • Fluency in French

PRIOR WORK EXPERIENCE

Required/Must have:

 

  • Minimum 1 years prior experience in Commercial Lending using the LoanIQ application

  • Demonstrated exposure in supporting variety of portfolios (both as participant and agent)

  • Knowledge of Financial Products (Especially Loans, Guarantee and Stand by Letter of Credit etc.).

    Desired/Plus:

  • International banking experience

EDUCATION

Desired/Plus:

  • BS/BA – Finance/Economics, or related discipline

Business Insight

DEPARTMENT DESCRIPTION

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 Societe Generale 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 actually manage the loan administration: notices, funding, interests & fees


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, sexual or gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Job code: 19000PC3
Business unit: SG CIB
Starting date: Immediate
Date of publication: 24/11/2019
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Loan Servicer

Permanent contract   |   Jersey City   |   Banking Operations