Specialized Loan Servicing Specialist Job Listing at Valley Bank in Wayne, NJ (Job ID 24-494)

Description

Responsibilities include but are not limited to:

• Coordinate with internal and external third-party resources in performing the day-to-day operations of loan and agency servicing, participations servicing, and/or swap loan servicing for the bank's portfolio.
• Ensure assigned specialized loans are serviced properly and efficiently through diligent monitoring of requests and strict adherence to procedures.
• Reflect payments (principal, interest, escrow, sinking fund) accurately and efficiently in the loan system.
• Ensure appropriate offsetting GL entries are reflected in conjunction with all servicing transactions.
• Process new drawdowns, paydowns, and letter-of-credit activities for syndicated loan transactions. Process includes both loan system and reconciliation to 3rd party vendor.
• Perform quality control functions and assist with reconciliations of loan system to 3rd party vendor.
• Administer assigned deals by structuring them and booking them properly in the requisite systems.
• Act as liaison to borrowers and participant bank representatives for syndicated loans, and all loan participations sold by providing service in a professional, efficient, and accurate manner.
• Ensure all monies due and payable to the bank are collected and/or reconciled, and all past-due principal interest and fees are reported, followed up on, and ultimately collected.
• Field and resolve requests from business line regarding loan payments and, where applicable, related swap payments. and related loan payments.