Analyst, Loan Specialist

SMBC Group; Toronto; On-site; CAD 60,000 - 80,000; Full time

Job summary

A leading global financial institution in Toronto is seeking a Loan Administrator to provide support in the Loan IQ application. This role involves verifying loan applications, preparing templates, and ensuring compliance with policies. The ideal candidate possesses a degree, strong communication skills, and 3-5 years of experience in corporate banking loan administration. This position offers a full-time employment opportunity with hybrid work options.

Qualifications

• 3-5 years of previous corporate banking loan administration experience.
• Ability to interpret credit agreements and related documentation.
• Business fluency in English.

Responsibilities

• Verify compliance of customer loan applications with policies.
• Conduct verifications and workflows in GBR and Loan IQ.
• Prepare input templates for new customers in Loan IQ.

Skills

Interpersonal skills

Organizational skills

Communication skills

MS Excel

Keyboarding skills

Education

Undergraduate degree or higher

Relevant experience in lieu of degree

Tools

Loan IQ

GBR

FileNexus

Microsoft Word

Microsoft Excel

Job description

Overview

This position will provide assistance and support to the Vice President, Loan Administration to monitor and maintain relevant credit information of each customer within the Loan IQ application and GBR system.

This position is also responsible for all input functions of the Loan IQ system and the incumbent will also act as “Deal Administrator”. The position also requires some understanding of the technical aspects of Loan IQ, as the incumbent will be involved in activities such as analysis and testing of the application.

Responsibilities

• Verifies that all customer loan applications and transactions comply with policy and procedure and predetermined credit lines with advance understanding of all aspects of loan or deal administration functions (including all aspect of funding).
• Reviews and verifies credit applications in GBR (in-house credit monitoring system) and conducts end-to-end workflow in order to book and fund the deal in loan system (Loan IQ).
• Understanding on all loan documentation and briefs, ensuring that the terms and conditions contained in the documents comply with the approved credit facility prior to the disbursement of funds and during the life of the loan.
• Responsible to prepare Loan IQ input templates for new customers and / or deals and facilities and input set up to Loan IQ, as assigned; including both agency set up and participant bank set up as required.
• Responsible to monitor incoming notices from Agent Banks.
• Prepare tickets for daily loan transactions and input into Loan IQ system.
• Responsible to reconcile interest and / or fee notices for syndication facilities and settlement entries in Loan IQ system.
• Responsible for filing and other administrative duties, and data maintenance duties within the department as assigned.
• Ensures that the processes followed are in full compliance with all of the Bank’s policies and procedures, including Anti-Money Laundering policies, and the requirements of the relevant regulatory bodies as communicated by SMBCCB’s Compliance Department.

Job Specifications

Knowledge & Experience :

• Undergraduate degree or higher. High school diploma if candidate possesses relevant experience.
• Ability to interpret credit agreements and related documentation.
• 3-5 years previous related corporate banking loan administration experience.

Skills

• Good interpersonal (Team player), organizational and communication (verbal & written) skills.
• Good computer skills, especially in MS Excel and good keyboarding skills.
• Ability to set priorities and develop a work schedule to complete assigned tasks on timely basis.
• Business fluency in the English language.

Computer Applications

• Loan IQ, in-house credit application system (GBR), document management system (FileNexus), Microsoft Office including Word and Excel.

Working Conditions

Attention to details : Significant

Environment : Open office / Hybrid Work Model

About SMBC

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE : SMFG) stock exchanges. In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC Rail Services LLC, Manufacturers Bank, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd. SMBC provides reasonable accommodations for employees with disabilities consisted with applicable law. If you need reasonable accommodation during the application process, please let us know as [e-mail]. SMBC is an EO employer – M / F / Disability

Job Details

• Seniority level: Not Applicable
• Employment type: Full-time
• Job function: Finance and Sales
• Industries: Banking, Financial Services, and IT Services and IT Consulting

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