Loan Processor

South Asialink Finance Corporation; Philippines; On-site; PHP 180,000 - 240,000; Full time

Job summary

South Asialink Finance Corporation in the Philippines is seeking a Treasury Assistant to support daily cash flow, remittances, and bank operations.

You will receive and process remittances, issue provisional receipts, monitor records, deposit payments, forward vouchers to Head Office, and update remittance data in the company system.

This role requires meticulous record-keeping, attention to compliance, and timely communication with collection personnel and borrowers.

Responsibilities

• Explain loan charges, including monthly amortization, deductions, penalties, net proceeds, and required documentation before loan release.
• Ensure borrowers, co-borrowers, and co-makers have completed and submitted all required documents prior to releasing loan proceeds.
• Review submitted documents for completeness, validity, accuracy, and authenticity.
• Facilitate the execution and signing of legal documents, including Promissory Notes, Disclosure Statements, Chattel Mortgages, Dacion en Pago, Voluntary Surrender documents, and Deeds of Assignment, as applicable.
• Assist borrowers with the opening of Current Accounts when required.
• Conduct bank verification and validation of issued checks.

Job description

• Explain loan charges, including monthly amortization, deductions, penalties, net proceeds, and required documentation before loan release.

• Ensure borrowers, co-borrowers, and co-makers have completed and submitted all required documents prior to releasing loan proceeds.

• Review submitted documents for completeness, validity, accuracy, and authenticity.

• Facilitate the execution and signing of legal documents, including Promissory Notes, Disclosure Statements, Chattel Mortgages, Dacion en Pago, Voluntary Surrender documents, and Deeds of Assignment, as applicable.

• Assist borrowers with the opening of Current Accounts when required.

• Conduct bank verification and validation of issued checks.

Treasury Assistant

• Receive and process remittances, including cash, checks, and direct deposits from collection personnel and borrowers.

• Issue provisional receipts for remittances received from collection personnel.

• Monitor provisional receipts and maintain accurate records and transmittals of PR booklets.

• Deposit client payments and remittances to the designated bank.

• Forward vouchers for released checks and post-dated checks to the Head Office.

• Record and update remittances and restructured accounts in the company system.