Loan Operations Analyst
Jersey City, NJ, US, 07311 Charlotte, NC, US, 28202
SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.
In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.
The anticipated salary range for this role is between $63,000.00 and $75,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.
Role Description
The Agency & Special Product Services Representative is responsible for closing deals of syndicated or bilateral loans and/or servicing loans by processing drawdowns, paydowns, fees and other activities. This is a tactical and transactional role that may be assigned to loan servicing or loan closing function dependent on capability and department needs. Applies industry knowledge and experience to perform daily duties while adhering to established policies and procedures to resolve problems. Refers complex issues to more experienced staff. Reports to the Associate or VP level. Number of direct reports: none. Number of indirect reports: none.
Role Objectives: Delivery
- Processes new drawdowns, paydowns and fees for syndicated and bilateral deals
- Provides lending services to customers per customer instructions and maintains accurate data
- Ensures all past due principal, interest and fees are reported, tracked, collected and/or reconciled
- Coordinates daily funding requirements with the Treasury Desk for managed loan portfolios
- Supports the Treasury Desk's daily requirement to accurately manage its cash and funded positions
- Troubleshoots basic loan related functional problems/issues
- Adheres to all applicable internal and external regulatory polices and procedures
Qualifications and Skills
- 2-4 years of comparable or relevant experience reviewing agency loan agreements in a large bank or financial services institution
- BA / BS (or equivalent experience) Degree in Finance, Accounting or Economics or comparable discipline is a plus
- Ability to interpret loan agreements and related documentation
- Basic understanding of all aspects of loan or deal administration functions (including all aspects of funding)
- Strong knowledge of Loan IQ and loan documentation in technology platforms
- Extensive customer service and analytical skills
- Ability to synthesize technical information, analyze risk and identify mitigating factors
- Strong organizational skills with ability to set priorities and manage multiple projects
- Ability to work cooperatively and effectively with others to set goals, resolve problems, and make decisions that enhance organizational effectiveness
- Detail oriented and an ability to complete work accurately
Additional Requirements
SMBC’s employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.
SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.
Nearest Major Market: Jersey City
Nearest Secondary Market: New York City