Internship - Loan Closing Specialist

Please note this is a 40 hour a week requirement. This a six-to-twelve-month program with the potential to be hired full time.

Global Banking and Advisory (GLBA) combines a recognized wholesale coverage with world-class products, financing and advisory expertise.

Central to supporting GLBA’s Front Officers, the Loan Closing Team analyzes legal documentation, mode deals in the information system (LoanIQ) and closes deals across the various businesses for the New York branch of SOCIETE GENERALE.

As an individual contributor, the Structured Loans Closing Specialist Intern will have the following responsibilities:

·        Review of credit application/approval and loan documentation in preparation for loan closings to ensure proper loan documentation for all facilities reflecting structure of deal as presented in credit application

·        Ensure compliance with credit approval and bank credit policy

·        Interaction with Loan Officers, Operations, customers, other banks, &/or legal counsel to gather all pertinent information in advance of loan closings

·        Set up and maintenance of customer, deal, and facility information in LoanIQ – ensure accuracy of system information (accurately reflects structure of deal)

·        Coordinate initial funding requirements including verification of standard settlement instructions (SSI).

·        Management and application of fees (upfront fees, agency fees, commitment fees, and facility fees) based on information provided by BU and accounting policy.

·        Ensure data quality; review, investigate and resolve all anomalies.

·        Prepare KPI reports for Management.

·        Execute and publish control reports.

·        Complete special projects as assigned.

Required/Must have:

·        Basic Credit documentation knowledge

·        Strong capability to act as a change agent

·        Rigorous attention to detail with a control-oriented mindset

·        Strong organizational skills and ability to multi-task with minimal follow-up

·        Self-confidence and ambition for growth

• Effective writing and project management skills 

Desired/Plus:

·        Commercial lending experience

·        BS/BA – Finance/Economics

·        Credit Risk background

·        Basel 2/RWA experience

Societe Generale is committed to offering an inclusive recruitment experience to all candidates. If you require any reasonable accommodations during the recruitment process, please do not hesitate to let our Recruiters know.

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. For more information about our Culture and Conduct initiatives, please visit this link (https://americas.societegenerale.com/en/careers/get-know-culture/)

DIVERSITY, INCLUSION & BELONGING (“DIB”):

Our DIB Mission: Recruit, develop, retain and advance a talented workforce that is united in our efforts to leverage our talent and further develop an inclusive environment that will enhance our competitive position and deliver innovative solutions to our clients. It seeks to foster an environment where employee differences are valued and where all employees feel engaged, supported, respected, and informed. For more information about our DIB initiatives, please visit this link: https://americas.societegenerale.com/en/careers/get-know-diversity/

COMPENSATION:
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 role is eligible for an annual discretionary bonus and includes a competitive benefits package including 401(k) plan with company match, medical/dental/vision, and other benefits for fertility, wellness, student loans and commuters.