Associate, Commercial Finance Operations

Job Description

Prepare daily recons using bank accounts and validate required posting to the commercial loan system

Save and distribute incoming wires and validate required posting to the commercial loan system

Prepare Excel spreadsheets calculating fees requiring manual posting to the commercial loan system

Prepare and distribute activity notices, settlement reports and related support

Direct fund administrators and custodian banks on appropriate processing and review/reconcile processing output for accuracy

Reconciling Cash PAR breaks with custodian banks and third-party administrators

Sound knowledge for Loan life cycle events-Rollover, Paydown, Borrowing, Interest, Fees, PIK etc

Knowledge on loan restructure (amendments and redials)

Process all updates required in the commercial loan system

Work with all internal and external stakeholders to improve and enhance settlement workflows

Influencing and participating in decisions on policies/procedures designed to ensure compliance with internal, legal and regulatory policies and ensure changing business requirements are met

Contribute ideas and recommendations to improve process efficiencies and risk mitigation

Participate in meetings representing recon and participate in department initiatives such as system enhancements, off hours testing and new business conversions as necessary.

Reporting Relationships

There is no set deadline to apply for this job opportunity. Applications will be accepted on an ongoing basis until the search is no longer active.