13 Aug
|
Cognizant
|
Chennai
Description:
The Loan Operations department is responsible for the management and execution of thousands of Corporate & Syndicated Loan transactions/ Commercial Real Estate/ SBA loans daily. Responsibilities include trade processing & confirmation, settlement, fail management, risk management, and client service. The operations professionals help build and support the commercial loan products, processes and services in ways that improve efficiency and quality, while seeking new and creative ways to support our clients’ changing needs.
Key responsibilities of the role include facilitating the CRE, C&I;, Syndicated and bilateral loan closing, servicing, loan trading and quality review processes. Activities include but are not limited to performing legal documentation review, structuring and updating deal parameters on Loan system, tracking legal and compliance documentation, and providing overall support on the assigned loan portfolio.
Loan Operations Specialist is also responsible for ongoing portfolio management tasks including tracking for receipt of borrower financials & compliance, monitoring deal pricing, managing secondary loan sales, tracking and processing loan documentation, and closing deal amendments. This position manages the relationship with the middle office, syndication desk, legal, finance, borrowers and syndicate banks. Loans Operations activities will include but are not limited to:
Deal Closing – Drive the deal closing process with pre-closing review of credit approval, loan documents, compliance, legal documentation, due diligence, and funding & booking mechanics.
Deal Booking - Activities include performing legal documentation review, structuring and updating deal parameters on Loan system to ensure compliance with credit and pricing requirements as well as bank policies and procedures.
Deal Funding – Activities include Fed wire payments for borrower funding, legal fee payment, fee distribution to the syndicate bank group etc.
Deal Review
📌 SPE and SME (Chennai)
🏢 Cognizant
📍 Chennai