Industry: Bank/Finance
Location: New York, NY
Salary: $60K-$70K DOE
Visa Sponsor: No
Language: English: Business Level
Detail: Japanese major bank seeks an Associate (LOAN OPERATIONS)- NYC, New York.
This role is open to Non-Officer level candidates.
Position: Loan Operations Associate
Employment Type: Regular Full-Time
Location: New York, NY (Hybrid schedule: minimum 2 days in office per week)
Level: Non-Officer
Salary Range: $60,000–$70,000 annually DOE
Benefits: Health, Dental, Vision, PTO, 401(k), Profit Sharing, Life Insurance, Disability Insurance, Commuter Benefits, Tuition Assistance and others
About the Organization：
This position is with a major global financial institution and one of the largest asset managers in Asia. The organization provides a broad range of financial solutions and manages diverse financial products through its international network of offices and branches.
Department Overview：
The Loan Operations function serves as the back-office support team for the lending business. The department is responsible for the operational and administrative management of various credit products throughout the entire transaction lifecycle, from closing through ongoing maintenance. The team also maintains internal controls and operational oversight functions.
Role Overview：
The Loan Operations Associate is responsible for supporting the day-to-day operational and administrative activities related to loan products and lending transactions. The role involves processing loan activities, maintaining transaction records, monitoring payments, reconciling accounts, and coordinating with internal business units, agent banks, and other stakeholders to ensure accurate and timely execution of transactions.
Duties and Responsibilities
●Process loan-related transactions and payments within internal loan management systems and maintain operational records in accordance with company policies.
● Perform loan administration duties, including funding arrangements, payment processing, and preparation of transaction-related documentation based on instructions from agent banks and lending teams.
● Support non-routine loan activities, including loan purchases, refinancing, amendments, terminations, and sales.
● Set up and maintain customer and facility information within internal systems as required.
● Monitor and apply fee and interest payments, investigate cash discrepancies, and support reconciliation and compensation claim processes when necessary.
● Ensure all cash movements are accurately recorded and reported in accordance with established procedures.
● Perform daily account and cash reconciliations.
● Prepare transaction documentation, confirmation forms, tickets, and information sheets for various lending products and transactions.
● Support operational processing for bond investments, including trade settlement, redemptions, coupon payments, and funding activities.
● Prepare reports and documentation requested by management.
● Escalate operational issues, discrepancies, or irregularities to supervisors in a timely manner.
● Perform additional duties and projects as assigned.
Qualifications (Requirements)
●High school diploma or equivalent required.
● Prior experience using Loan IQ is required.
● Minimum 2 years of loan operations experience within a banking environment.
● Experience with both bilateral loans and syndicated loans is required.
● Agency loan transaction experience is highly preferred.
● Basic accounting knowledge and strong numerical aptitude.
● Proficiency with Microsoft Office applications, including Outlook, Word, and Excel.
● Strong communication and organizational skills.
● Ability to manage priorities while maintaining accuracy and attention to detail.
● Reliable attendance and effective time management skills.
Visa Sponsorship: This position does not offer visa sponsorship.
