Loan Servicing Specialist for Structured Finance
2 weeks ago
At SGS Société Générale de Surveillance SA, we're seeking a skilled Loan Servicing Specialist to join our team in New York. This role will focus on supporting the Structured Finance department, ensuring operational performance and efficiency across the perimeter.
About the JobWe deliver day-to-day services to our clients, with IT & Operations teams working side by side under the same leadership. Our goal is to meet evolving client needs and market requirements, as well as anticipate technological advances to accelerate and support transformation activities.
The Société Générale Corporate Investment Bank is a leading European corporate and investment bank, offering excellence of service to its clients, strong profitability to the Group, and being an employer of choice for its employees.
This position involves assisting production teams as needed, providing technical support to build expertise within the STR Servicing teams, reviewing and authorizing daily loan transactions, overseeing loan form reviews, and ensuring proper reconciliation of interest and commitment fees.
Key Responsibilities- Assist production teams in resolving issues and provide technical guidance to develop expertise within the STR Servicing teams.
- Review, verify, and authorize daily loan transactions, including Money Market, Commercial Paper, Non-performing, and Direct/Agented facilities.
- Oversee review and approval of loan forms for new borrowings, increases, rollovers, pay-downs, and commitment reductions, as well as daily approvals of loan proceeds.
- Ensure proper reconciliation of interest, commitment fees, and investigate any discrepancies.
- Contribute to process improvements and align STR processes globally, focusing on data quality, payments, event management, and key performance indicators (KPIs).
- Serve as a Subject Matter Expert and preferred point of contact for related projects.
To be successful in this role, you'll need:
- Proficiency in Loan IQ (LIQ Loan System) and experience servicing syndicated deals as an agent.
- A strong understanding of loan products and cash payment principles in USD and foreign currencies.
- Advanced Excel skills.
- A minimum of 5 years of experience in commercial lending using Loan IQ, with exposure to diverse portfolios (agency/syndicated loans).
- Knowledge of financial products, especially loans, guarantees, and standby letters of credit.
The estimated salary range for this position is $120,000 - $180,000 per year, depending on qualifications and experience. We offer competitive compensation and benefits, including a minimum of 20 vacation days, health spending accounts, personal spending accounts, and fully sponsored virtual healthcare assistance.
Our CultureWe value diversity and inclusion, striving for a demographically diverse workforce that reflects the communities we operate in. Our inclusive culture recognizes employees' unique needs and utilizes their diverse talents. We engage our community and marketplace, positioning ourselves to meet the needs of all our clients.
We offer a hybrid work environment, allowing employees to balance remote and on-site work to promote interaction and collaboration while adhering to standard protocols.
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