Senior Loan IQ Administrator Associate

Hsbc Jersey City , NJ 07097

Posted 3 months ago

Senior Analyst will be part of a loan administration team. The position requires adherence to strict deadlines, timely processing of payments. Analyst must be an expert to advanced user of Loan IQ system. Seeking for experienced individual in closing, servicing, primary, secondary, and 3rd party trading. Individual is required to understand and work in accordance with internal procedures and facility-specific documentation. Analyst must be able to read and interpret loan documentation.

Primary Responsibilities/Essential Functions:

  • Responsible for analyze loan agreements and related documentation

  • Perform loan servicing for different types of loans, which includes syndicated loans, collateral management, and escrow accounts

  • Construct deal structures in Loan IQ including amending existing deal structures

  • Execute and manage Loan Portfolio in multi-currency.

  • Review and drive break resolution identified in reconciliations, either for daily or month-end reporting purposes

  • Provide support to the Lender and Borrower by addressing all inquiries timely.

  • Manage shared team functions and team email boxes.

  • Communicate and support all inquiries from City Office team.

  • Train junior Loans Administration Analyst(s)

  • Trouble-shoot basic Loan IQ functional problems/issues

  • Other work includes projects and any remediation efforts, as assigned.

Decision-Making Responsibility:

  • Interpret terms of loans and translate build into the LIQAssess and assist with streamlining and cost saves of our processes.

  • Determine and drive solutions for gaps identified in performed functions, if any

  • Review and approve transactions and loan processing, including but not limited to loan funding

  • Ability to escalate and communicate to both internal and external stakeholders

Management of Risk

  • Each employee must be aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations.

  • Each employee must ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.

  • Each employee must promote an environment that supports diversity and reflects the HSBC brand.

  • Maintain awareness of operational risk and minimize the likelihood of it occurring including its identification, assessment, mitigation and control, loss identification and reporting in accordance with section B.1.2 of the Group Operations FIM.

Observation of Internal Controls

  • Each employee must maintain HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators. Any failures to comply with the above should be reflected in year end performance assessments.

  • Each employee must understand, follow and demonstrate compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.

  • Understands, follows and demonstrates compliance with all relevant internal and external rules regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and Compliance policy.

  • Advanced Excel knowledge

  • Proficient in LIQ usage, including building and amending existing deal structures, and loan administration.

  • Excellent written and verbal communication

  • Ability to multi task, manage time and meet deadlines.

  • Strong process and operational risk understanding

EEO/AA/Minorities/Women/Disability/Veterans


icon no score

See how you match
to the job

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon
lc_ad

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Mortgage Loan Closing Lead

The Ashlar Group

Posted Yesterday

VIEW JOBS 1/21/2020 12:00:00 AM 2020-04-20T00:00 Client - Major Financial Firm Role - Mortgage Loan Closing Lead - Consulting Role Rate - $43.70 per hour w2 / Overtime rate $65.55 per hour Duration - 3 months + possible extensions Location - Jersey City, NJ Mortgage Loan Closing Lead Coordinate and drive multiple aspects of the loan process from commitment through processing and closing. Play a key part in ensuring that the loans are up to date on all open deliverables and proactively follow up with necessary parties to ensure missing documents are obtained. Also play a key role in ensuring regulatory and process compliance. Key qualifications and skills needed: Strong Knowledge of the mortgage processing lifecycle and closing process Knowledge of Residential Mortgage Regulations 10 or more years experience in mortgage processing or closing including prior experience as a loan processor or closer Exceptional communication skills written and oral Strong proactive mindset with an exceptional attention to detail Proven track record of meeting tight deadlines and ability to act with urgency. Acts with ownership Ability to understand all aspects of the loan process and internal and external mortgage related guidelines, processes and regulations Ability to exercise strong judgment and to escalate all volatile client situations Ability to multi-task as well as work independently and as a team member Proficient PC skills (Microsoft Office), with the ability to learn new software and systems Knowledge of Process Governance, process mapping as well as process and procedure documentation Positive attitude and strong desire to learn the business supported The Ashlar Group Jersey City NJ

Senior Loan IQ Administrator Associate

Hsbc