Corporate Banking Operations – AVP
| Company | State Street |
|---|---|
| Location | Boston, MA, USA, Irvine, CA, USA, Princeton, NJ, USA, Kansas City, MO, USA, Paterson, NJ, USA |
| Salary | $80000 – $132500 |
| Type | Full-Time |
| Degrees | |
| Experience Level | Senior |
Requirements
- 5+ years of loan operations and servicing support
- Demonstrate understanding of Loan Processes, Procedures, Products and Services, and accounting principles
- Proficiency with Loan IQ required
- Proficiency with Microsoft Excel required; macro experience would be desirable
- Prior banking and/or lending knowledge required
Responsibilities
- Coordinate team to update loan accounting system for all new, renewing and terminating counterparties and lines of credit
- Analyze documentation to determine required data entry to loan accounting system
- Review transactional documentation and process principal, interest and fee transactions on loan accounting system
- Execute cash movements via internal transfer and Fed wire/SWIFT
- Perform secondary review and approval of daily transactions and facility structure changes
- Reconcile general ledger accounts; document and resolve discrepancies timely
- Review and follow up on various exceptions
- Assist with management of Loan accounting system issues development with GCF IT support team
- Assist with regulatory reporting requests, audit requests, and assurance reviews
- Able to identify, mitigate, manage, resolve, and escalate risks and issues
- Execute on strategic projects and initiatives in support of the Loan Servicing function
- Manage the operation of the Loan IQ and SVS booking platforms, identifying enhancement possibilities and working internal IT partners and business stakeholders to ensure ongoing performance and functionality within the systems
- Develop and enforce procedures, and production schedules to assure timely, accurate completion of servicing functions
- Manage the resolution of any customer concerns
- Ensure adherence to regulations and policies
- Assume additional responsibilities as requested by management
Preferred Qualifications
- macro experience would be desirable