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