Loan Processing Specialist

2 weeks ago

Montréal, Canada TEK Group Full time

**MAIN RESPONSIBILITIES**:

- Provides on-going quality and professional service that supports the lending activities of a designated customer and marketing group, working as a cooperative partner within a processing team. 5%
- Monitors the lending instructions received from customers and or agent banks for completeness, accuracy and intent.
- Proactive involvement with the marketing groups and team overseeing new closings and transaction processing, including daily review and management of upcoming events to ensure timely processing and verification of maturing loans and commitments. 20%
- Accurate and timely LoanIQ System input of all loan related transactions thereby avoiding potential transaction discrepancies.
- Includes the accurate preparation of all the pertinent forms required to facilitate a customer transaction, e.g. loan authorizations, fund transfers, fund control logs, excel spreadsheets and fax notifications. Participation in the double verification of all transactions processed by team.40%
- Timely and accurate preparation of customer bills for applicable fees and or interest. Includes utilizing the information provided from the system to determine amounts and proper billing period. 5%
- Reviews the reconcilement of (cash disbursement) suspense accounts on a daily basis. Includes the timely monitoring, resolution and reporting of all open items and ensuring that reconciliation tapes for the Control & Reconciliation are prepared daily. 5%
- Ensuring the reconcilement and applicable corrections of customer portfolio such as, unused commitment fee and commitment balances, past due related items, differences in the amortizing of fees and GL balances.
- Includes independently utilizing the existing query tools as a means to verify the accuracy of transaction processing and reporting. 5%
- Investigates and resolves any inquiries or transaction anomalies on a timely basis, and or within established timetables, received from customers, agent banks and or any internal sources. 5%
- Comply with the established administrative guidelines and that transaction processing is consistent with departmental procedures.
- Includes adherence to internal approval process and the maintenance of facility/loan files in accordance with established guidelines.
- Contribute towards the re-engineering of processing. 5%
- Routinely reports any problematic, irregular transactions, administrative and or personnel issues to management as appropriate10%

**REQUIREMENTS ** **TRAINING AND OCCUPATIONAL EXPERIENCE**
- Previous loan servicing experience, especially using the LoanIQ loan system, a plus
- Good understanding of Loan Products

**ESSENTIAL SPECIFIC REQUIREMENTS**
- Proficiency in Windows environment and MS Office products - Excel essential
- Ability to work overtime when necessary.
- Ability to work client holidays not shared with the U.S.

**SKILLS AND BEHAVIOURS**
- Self-starter and team player, must have good communication skills and an ability to work in a high volume time sensitive environment.

**Job Types**: Full-time, Permanent

**Salary**: $28.00-$30.00 per hour

Expected hours: 40 per week

Flexible Language Requirement:

- French not required

Schedule:

- 8 hour shift
- Day shift
- Monday to Friday

Work Location: In person

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