Loan Operations Specialist
2 weeks ago
We are seeking a highly skilled Senior Associate - Lending Services to join our team at Acuity Knowledge Partners. As a Senior Associate, you will be responsible for performing servicing activities in ACBS, including rollovers, advances, paydowns, past dues, fees, deal setup, reconciliation, and others.
Key Responsibilities:
- Perform servicing activities in ACBS - Rollovers, Advances, Paydowns, Past Dues, fees, deal setup, reconciliation and others
- New Loan Onboarding, renewals and rebooking when needed
- Setup and update the repayment schedules in ACBS
- Review Credit agreement and other loan related documents
- Setup Pricing Index & Rules, Guarantor, Facility, type of facility, CRA info, Repayment, maturity etc
- Assist Agency teams with any primary and secondary closings
- Maintain spreadsheets with Loan Trade information from initiation to Settlement
- Book the trade and process fees in ACBS
- Process invoices for Broker and Clear-par
- Reconcile cash payments: open cash items vs expected payments
- Review and correct as necessary Settlement Standard Instructions
- Track Past Due payments, clean up unpaid and prepare reports per requirement
- Ensure compliance with the Bank's data governance policies, standards and operational procedures
- Prepare reports for upper management regarding status of project.
Requirements:
- Min 5-12 years' experience in Lending Services
- Understanding of Commercial Lending lifecycle with excellent understanding of Loan Agreements and other loan documents
- Excellent knowledge of ACBS is must
- Commerce Graduate / MBA (Finance)
- Good understanding of Project Management principles
- Excellent written and spoken communication skills
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