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Loan Administrator (Associate level)

Mizuho

Mizuho

Loan Administrator (Associate level)

Jersey City, NJ
Full Time
Paid
  • Responsibilities

    SUMMARY

    The Loan Administrator is responsible for ensuring accurate and timely administration / servicing of the Bank's loan portfolio; ensures daily activity comply with state and federal laws, regulations and Bank lending policies and procedures; ensures department activities run smoothly; and provides a high level of customer relations and service

    PRINCIPLE RESPONSIBILITIES:

    GENERAL DUTIES

    • Act as Mizuho LAU representative in coordinating transactions between customers, Agent Banks, Participant banks, Front office, Americas Treasury Division (ATD) and other parties

    • Manage the administrative aspect of all New Deal Closings. Calculating, invoicing and disbursing all deal related fees. Coordinating movement of funds related to initial funding and closing. Work closely with Borrower and Bank Group.

    • Report to Management, Supervisors and Account Officer all transactions that require special handling or approval.

    Credit Arrangement Maintenance

    • Independently manage administrative processes for complex loan deals as administrative agent, bilateral lender

    • Provide consultative support to Account Officers on operational deal structure issues

    • Review Document and Term Sheet / CA Booking Request in order to compare loan documentation to Credit Approval and ensure that the structure and content are identical; and to create or maintain Accurate Credit Arrangements in ACBS

    Commercial Loan Maintenance

    • Responsible for the daily maintenance of the credit facilities including: monitoring borrowing status, prepare new borrowings, rollovers, rate sets, conversions, repayments and prepayments.

    • Calculate, invoice and disburse ongoing interest and fee payments from a Borrower and/or Lender perspective. This includes agency and amendment fees as well as all monthly and/or quarter end activity.

    • Maintaining and monitoring Fronting LC, Invoice Discounting and Risk Participations

    • Monitoring and distributing Financials when due

    • Interact with Treasury on rate settings for foreign currencies and USD loans

    • Responsible for verifying integrity of transaction

    • Accountable for ongoing quality, integrity and completion on all data

    Reconciliation

    • Act as a trouble-shooter for deal management related problems

    • Communicate with treasury to confirm discrepancies in funding rates

    • Interact with customers for all cash movement activity

    • Reconcile statement to ledger entries

    Others

    • Participate in various short-term projects to maintain data integrity

    • Maintain filing and billing

    EXCEPTION DUTIES

    • Perform periodic data integrity checks

    • Duties as assigned

    • Undertakes special projects, and assumes other duties, as assigned, completing such tasks on time.

    COMPLIANCE

    • Obtain a basic understanding of the applicable rules and regulations that govern the Bank. Understand that all questions and/or clarification about such rules and regulations should be directed to the Americas Legal and Compliance Division. Attend Annual Compliance Training presented by the Americas Legal and Compliance Division. Read and respond as necessary to all compliance-related reference and directive materials received. Comply with the Bank’s “Code of Conduct”.

    • Designated as person responsible for reporting potentially prohibited transaction(s) (OFAC related) upon detection.

    QUALIFICATIONS:

    • Two plus years of experience with the management of loan products.

    • Experience with loan operating systems: ACBS, G-Base

    • Experience with specialized lending products (e.g. Asset Securitization, Leasing, Collateralized Loan Obligations, Project Finance, Loan Trading, and or Credit Derivatives, as necessary)

    • Experience with compliance in a lending area

    • Experience with collateral evaluation procedures

    • Proficient in management of lending products

    • Be thorough and accurate and demonstrate attention to details

    • Competent written and oral communications skills

    • Organizational skills and to work well under pressure

    • Ability to identify and solve problems

    • Knowledge of payment (FED, CHIPS, SWIFT )

    The expected base salary ranges from $62,000 - $80,000. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications and licenses obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, successful candidates are eligible to receive a discretionary bonus.

    OTHER REQUIREMENTS

    Mizuho has in place a remote working program, with varying opportunities for remote work depending on the nature of the role, needs of your department, as well as local laws and regulatory obligations.

    COMPANY OVERVIEW

    Mizuho Americas is a leading financial institution comprising several legal entities, which together offer clients corporate and investment banking, financing, securities, treasury services, asset management, research and more. Mizuho’s operations in the Americas connect a broad client base of major corporations, financial institutions and public sector groups to local markets and a vast global network. Mizuho Americas is an integral part of the Japan-based Mizuho Financial Group, Inc. (NYSE: MFG), which is comprised of offices in nearly 40 countries, approximately 60,000 employees, and assets of more than USD 1.8 trillion. Learn more at mizuhoamericas.com.

    Mizuho Bank Ltd. offers a competitive total rewards package.

    We are an EEO/AA Employer -M/F/Disability/Veteran.

    We participate in the E-Verify program.

    We maintain a drug-free workplace and perform pre-employment substance abuse testing.

  • Industry
    Financial Services
  • About Us

    We are a leading global bank, with one of the largest customer bases in Japan, and a global network of financial and business centers. We continue to pride ourselves on our "customer first" principle as a centerpiece in servicing both our individual and corporate customers, with the goal of becoming their most trusted bank.