Senior loan specialist job description

Senior Loan Operations Specialist - (220001UH) Description Position Description:
The Loan Operations team is responsible for the settlement and loan life cycle events related to Jefferies' purchase of secondary loans CLO and TRS. The secondary loan market refers to the sale of loans that occur after syndication. It includes sales of trades of syndicated loans made by lenders in the original syndicate and those made by subsequent purchasers. As a member of the Loan Operations team, your responsibilities would include but are not limited to:

Arranging the funding, purchase, and settlement of loans
Interpret Credit agreements
Reconciling settled positions
Reconciling cash related to purchases, loan repayments, fees, etc.
Processing business activity into Loan IQ
Assisting product controllers with the accurate capture of details into the General Ledger
Coordinating between Closers, Product Control, Treasury, and any other involved parties
Calculating LOR, delayed comp, cost of carry payments when needed
Coordinate and monitor payments and reconcile all differences with agent
Ad-hoc tasks as needed related to business activity

Desirable Qualifications:
8-10 plus years of experience
Thorough knowledge of Misys LoanIQ and how to operationally process secondary loans,
Strong attention to detail, strong written and verbal communication skills, strong Excel skills (especially Pivot Tables and VLOOKUP), team player, proven ability as a self-starter, ability to think quickly under pressure
Understanding of basic BBG, computer programing (SQL) and data set manipulation a plus, but not required

The estimated salary range for this role is $115,000-$165,000. This salary range is specific to Jersey City, NJ-based roles only.
Qualifications At Jefferies, we believe that diversity fosters creativity, innovation and thought leadership through the infusion of new ideas and perspectives. We have made a commitment to building a culture that provides opportunities for all employees regardless of our differences and supports a workforce that is reflective of the communities where we work and live. As a result, we are able to pool our collective insights and intelligence to provide fresh and innovative thinking for our clients.

Jefferies is an equal employment opportunity employer. We practice equal opportunity for all, and all qualified applicants will receive consideration for employment without regard to race, creed, color, national origin, ancestry, religion, gender, pregnancy, age, physical or mental disability, marital status, sexual orientation, gender identity or expression, veteran or military status, genetic information, reproductive health decisions, or any other factor protected by law. We are committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws. As part of this commitment, Jefferies will extend reasonable accommodations to individuals with qualified disabilities, as appropriate, under applicable law.

All employees must follow Jefferies' COVID-19 protocol policy, which is subject to change. Your acceptance of an offer means that you will comply with the COVID-19 protocol policy. Jefferies expects that you will work in-person in the office on a schedule set by your manager or the firm.
Primary Location: US-NJ-Jersey CityJob: OperationsOrganization: CorporateSchedule: Full-time Job Posting: Sep 8, 2022, 3:25:40 PM

**Sign on bonus of $1500 will be paid in 1 installment after 90 days of employment. Team members must be active at the time of the payout. Part Time positions: Sign on bonus will be prorated based upon the scheduled biweekly hours. Not applicable to current OneMain team members. **

PUT YOUR CAREER IN MOTION AS A CONSUMER LOAN SALES SPECIALIST SR.

At OneMain, Consumer Loan Sales Specialist Sr empower customers - listening to their needs and providing access to friendly, fast and affordable financing for life's expenses. Consumer Loan Sales Specialist Sr. will learn the lending and servicing business at OneMain allowing them to grow their career.

A career with OneMain offers you the potential to earn an annual salary plus incentives. You can steer your career with access to a variety of robust training programs and opportunities to advance toward leadership roles such as Branch Manager and District Manager. Other team member benefits include competitive pay, variable incentives tied to business performance, medical, dental, vision, 401(k), paid time off, paid volunteer time, tuition reimbursement and more.

IN THE ROLE

• Deliver results related to individual and branch sales goals as well as customer expectations

• Develop new relationship - and maintain existing relationships - working with customers throughout the loan process and loan life cycle

• Present financial solutions, based on customer needs, that meet their goals

• Present customers with optional insurance products

• Educate customers on the terms and conditions of their loan to ensure a clear understanding

• Partner with local businesses to seek out and develop new customers

• Learn how to utilize credit underwriting techniques and sales tools

• Manage the life cycle of the loan, including collections activities, complying with all laws and regulations

REQUIREMENTS

• HS Diploma/GED

• Must be able to travel locally for business development purposes

• Ability to obtain Insurance Licensing within 9 months of start date (as applicable by state law)

PREFERRED REQUIREMENTS

• Sales or Customer Service experience

• Bilingual (language requirement per need)

WHO WE ARE

OneMain Financial is the country's largest lending-exclusive financial company, a trusted name in lending for over 100 years. Since 2005 alone, we have looked beyond customers credit scores to lend more than $152 billion to 16.2 million people looking for simple, affordable loans.

With branches across 44 states, we're proud partners of the families and communities we serve. They turn to us to help meet important financial needs, including debt consolidation, medical expenses, household bills and auto purchases. It's all about doing the right thing - a mission that hasn't changed for more than 100 years.

KEY WORD TAGS

Sales, Retail, Loan Sales, Customer Service, Customer Care, Business Development, New Grad, Newly Graduated, Financial Sales, Management Development, Management Trainee, Finance, Full-time, Career, Benefits, Customer Experience, Financial Representative, Credit, Leadership, Manager Trainee

Sr. Commercial Loan Support Specialist - Builder Lending (Hybrid)

Location

Headquarters-Troy, MI

Job Summary

The Commercial Loan Operations Builder Finance Specialist's main function is to support the Home Builder Finance Group in booking loans on AFS and verification of proper documentation for funding of the loans and ongoing advances and actual funding of the advances. Will also be a support to the loan specialists in the Home Builder group. It is imperative that proper input to AFS occurs and that the requests are verified by Commercial Ops prior to funding to ensure that all documentation is received and funds are available.

Job Responsibilities:

45% of time: Loan Booking - Requires a thorough knowledge and understanding of commercial loan documentation and the AFS loan accounting system to which they are booked. Must be extremely organized in thoughts and procedures. Is responsible for timely and accurate input and the ability to question when any documentation is outside the norm. Must be able to book new, renewed, extended loans as well as Letters of Credit, Swap and ACH exposures. Will have to be proficient at using the AFS Construction Lending Module. If done well, the loans will be set up correctly according to the documentation and approval.

40% of time: Review of advance requests from the Builder Finance Group and funding of advances either by wire or deposit to FSB checking account.

15% of time: Creating electronic files of complete loan documentation and ensuring that flood information is stored in the correct place

Job Requirements:

* 5+ years in commercial loan operations or commercial servicing; 7+ preferred

* Must have AFS Level III experience

* 2+ years of commercial construction experience

* Must have considerable understanding of commercial loan documentation

* Demonstrated ability to understand and interpret commercial loan documentation

* Previous experience in booking commercial loans and participation loan processing

* Good analytical and problem-solving skills

* Excellent verbal and written communication skills

* Willingness to work in a team environment

* Intermediate understanding of MS Excel

* Automated Financial Systems (AFS) experience preferred

* HS Diploma, GED or Foreign Equivalent

Internal Use Only: Job Band H-Hourly