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Job description
Overview
This is a hybrid role , with the expectation that work time will regularly take place inside and outside of a company office.
We are looking for candidates who live within a commutable drivable distance to our offices in Charlotte, SC, Danville, VA, Phoenix, AZ and Raleigh, NC.
The Senior Operations Specialist is responsible for post close loan administration of large syndicated cashflow participation deals, delivering multifaceted support services for our business partners.
Responsibilities & Qualifications
Loan servicing knowledge
Contact person responsible for all ongoing daily activity and reconciliation issues associated with assigned portfolio of approximately 60-80 deals
Monitor customer borrowings, payments, and rate setting activities
Contact agents regarding maturing loans for renewal or repayment
Process loans, deposits, commitment, and Letter of Credit facilities for cashflow deals
Process any amendment transactions by updating Loan IQ, calculating applicable fees, and applying any associated fees and/or cost allocations
Calculate quarterly and monthly fees and interest, reconciling amounts with agent banks
Monitor and reconcile any past due, suspense or account receivable items, notifying account manager of any true delinquencies
Process all trading activity on portfolio, preparing funding memos and standard bank confirmations when necessary
Process customer audit confirmations in a timely manner
Accountable to administer all loans in accordance with the terms of governing documents, relevant legislation, and company policy
Support management with various inquiries and audits
Qualifications:
Bachelor's Degree and 0 years of experience in Accounting or Finance OR High School Diploma or GED and 4 years of experience in Accounting or Finance.
Preferred Skills:
Commercial syndicated loan experience
Knowledge of Bank operations and regulatory or legal environments
Bachelor's degree in accounting or finance related area
1+ year of financial operations experience
Superior communications and multitasking skills, with the ability to interact with multiple individuals and Agent banks
Knowledge of Loan IQ
Intermediate Microsoft Office
Additional Information
If hired in Virginia, the base pay for this position is generally between $20.00 - $27.00. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.
Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at benefits.
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Who can apply
Review the original listing for work authorization, qualifications and employer requirements.