Synovus Financial Corp. Birmingham , AL 35202
Posted 2 weeks ago
Full-timeFirstShades Creek-MO (FL02) - AL087
Job Duties and Responsibilities:
Coordinates with Deal Team for successful close of new transactions. Reviews loan documents to ensure documentation is approved and in compliance with Loan Approval Form (LAF). Establishes and monitors loans on FIS.
Analyzes credit agreement for establishment of new loan set-ups in accordance with the loan documentation. Monitors and processes all fees, principal, interest, rate changes, Letter of Credit issuances, L/C draws, modifications, releases, or waivers, over the life of the loan.
Establishes and monitors loans in FIS, maintaining detailed spreadsheet for monthly reporting to members of senior management. Purchases, sells and processes all incoming principal and interest payments, reconciling the loan control general ledger account.
Investigates and reconciles discrepancies. Resolves and/or escalates irregular transactions or missing data as needed. Performs reconciliation of Loan Control, coordinating with the reconciliations department as appropriate for clearing any related open items.
Verifies completeness and accuracy of final closing package. Coordinates and monitors various scheduled activities including collection of financial and covenant compliance data for imaging and exception reporting.
Serves as daily liaison with Relationship Managers, Finance, Recon Dept, IT, and Wholesale Bank Loan Operations as necessary to furnish a professional and high-quality processing service.
Monitors reports for past due items, exceptions, and discrepancies. Resolves identified items with Relationship Managers when appropriate.
Maintains knowledge of current lending policies, procedures and regulations. Attends and completes all required training.
Initiates and releases wires in accordance with appropriate approval request process and wire policy.
Provides input to help identify workflow/internal control inefficiencies and ideas to make the day-to-day processes more efficient and cost effective. Assists with operating procedures update.
Each team member is expected to be aware of risk within their functional area. This includes observing all policies, procedures, laws, regulations and risk limits specific to their role. Additionally, they should raise and report known or suspected violations to the appropriate Company authority in a timely fashion.
Performs other related duties as required.
The information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Synovus is an Equal Opportunity Employer supporting diversity in the workplace.
Required Knowledge, Skills, & Abilities:
Working knowledge of commercial and syndicated loan standard operating procedures, regulatory policies, terminology, methodology, concepts, and applications
General understanding of finance and accounting
Proficient with all department specific databases and systems
Ability to handle multiple priorities and meet daily process deadlines
Attention to detail relating to day-to-day operations
Excellent written and oral communication skills and professionalism
Proficiency using Microsoft Office software products
Preferred Knowledge, Skills, & Abilities:
Synovus Financial Corp.