Our client, a diversity certified, and woman owned staffing and talent solution leader, is seeking a Contractor-Operations-Hourly Location: Jersey City, NJ Position Type: Contract MAIN RESPONSIBILITIES:
- Liaise with front officers for timely receipt of new and amended documentation (FC1-ODJ, Credit Approval, Mtier Support Memo, Financing Agreements, etc) for the creation of counterparty financings in the Bank's systems
- Communicate and coordinate with various internal stakeholders, agents, lenders, and clients, as needed.
- Extract pertinent data from the financing documentation (i.e., Credit and other Agreements/Contracts) as well as internal credit approval for input into the bank's tracking systems/spreadsheets for continued end-to-end deal monitoring.
- Ensure the terms of the financing are in accordance with conditions stipulated by internal credit committee(s).
- Extract names and addresses from financing documents; i.e. Key Stakeholders & Other Parties, and input into the Bank's compliance tracking system used to perform screenings, per sanction and regulatory guidelines.
- Perform timely pre-onboarding controls (FiSaC checklist, IFRS9, MSCQ).
- Review facility collateral/guarantee and covenant compliance data and subsequent activity to ensure conformity to internal and external support documentation as well as update applicable systems/spreadsheets/document repository.
- Confirm line availability by providing authorization on utilizations (loans/LC's), ensuring no breach of limits.
- Monitor and action upcoming event dates, as well as provide follow-up on past due items.
- Monitor exception reports and resolve inconsistencies with respective parties.
- Escalate potential problems or seek clarification as appropriate.
- Production of closing and associated funding notices to borrowers and lenders.
- Creation of wire transfer payments associated with the closings, per documentation.
- Perform ad-hoc tasks/projects as directed by management.
REQUIREMENTS Qualifications:
- BS Economics, Finance or other related field of study
- Strong written and verbal communication skills
- Analytical and detail oriented
- Ability to work independently and prioritize multiple tasks, work under time pressure constraints and to take ownership for the completion of tasks.
- Ability to exercise good judgment in dealing with unforeseen circumstances while maintaining compliance with established policies and controls.
- Experience in middle office and/or operations environment preferable