Job Description Job Title: Commercial Banking - Loan Operations (Loan IQ (Sr Associate/ Delivery Lead/ Manager)
n Acuity is currently looking for for experienced professionals (5-12 years) in Loan Operations (Loan IQ) to join our growing team in Bangalore!
n n Location: Bangalore
n Work hours: 6:30 PM to 3:30 PM IST
n Department: Lending Services
n Experience Level: 5-12 years
n n Key Skills/ Responsibilities
n • Perform servicing activities in LIQ – – Rollovers, Advances, Paydowns, Past Dues, fees, deal setup, reconciliation and others
n • Recent Loan Onboarding, renewals and rebooking when needed
n • Setup and update the repayment schedules in LIQ
n • Review Credit agreement and other loan related documents
n • Setup Pricing Index & Rules, Guarantor, Facility, type of facility, CRA info, Repayment, maturity etc • Assist Agency teams with any primary and secondary closings
n • Maintain spreadsheets with Loan Trade information from initiation to Settlement
n • Book the trade and process fees in Loan IQ
n • Process invoices for Broker and Clearpar
n • Reconcile cash payments: open cash items vs expected payments
n • Review and correct as necessary Settlement Standard Instructions
n • Track Past Due payments, clean up unpaid and prepare reports per requirement
n Key Competencies
n • Min 5-12 years' experience in Lending Services
n • Understanding of Commercial Lending lifecycle with excellent understanding of Loan Agreements and other loan documents
n • Excellent knowledge of Loan IQ is must
n • Commerce Graduate / MBA (Finance)
n • Good understanding of Project Management principles
n • Excellent written and spoken communication skills