Description
We are seeking a Loan Operations Expert, AVP to join our trade settlements team in Bangalore, India. The successful candidate will be responsible for managing day-to-day loan activities, analysing restructuring agreements, reviewing and booking primary deals, and reconciling distributions from liquidators.
Key Responsibilities:
- Manage day-to-day loan activities, including manual general ledger entries, manual cashflows, and secondary trade processing
- Analyse restructuring agreements and book them in the loan system
- Review and book primary deals
- Reconcile and apply distributions from liquidators
- Liaise with senior business stakeholders, clients, and their representatives, as well as internal and external legal teams, risk teams, audit teams, and onshore and offshore operations teams
- Resolve queries on all aspects of loan booking, settlement, and maintenance
- Conduct operational reviews of trade and loan-related documentation
- Identify and escalate open issues to the team manager
- Provide written commentary on outstanding open issues
- Collate regular reports for monitoring purposes
- Monitor WIP and control reports daily
- Perform cash matching on internal systems
- Review and update procedures to ensure efficiency in training and transaction processing
- Participate in departmental projects and initiatives, including UAT testing
- Crosstrain with other departments for work efficiencies and knowledge enhancements
Requirements:
- Expertise in Loan IQ system and thorough knowledge of wires, nostros, and fund flow between various departments
- Hands-on experience in at least one of the areas, such as deal origination, trading and settlement, docs management, processing, and loan controls
- Understanding of 'delayed compensation' and 'cost of carry'
- Bachelor's degree in business, finance, accounting, or economics, combined with at least 4-5 years of financial industry experience
- Strong problem-solving and analytical skills
- Effective decision-making capabilities
- Ability to work independently and handle heavy volumes within deadlines
- Excellent PC skills, including proficiency in Microsoft Excel and Word
- Strong relationship abilities with internal departments
- Knowledge of syndicated loans procedure
What We Offer:
- Best-in-class leave policy
- Gender-neutral parental leaves
- 100% reimbursement under childcare assistance benefit
- Sponsorship for industry-relevant certifications and education
- Employee Assistance Program for you and your family members
- Comprehensive hospitalization insurance for you and your dependents
- Accident and term life insurance
- Complimentary health screening for 35-year-olds and above