Associate

Sumitomo Mitsui Trust Bank, Limited; New York (NY); Hybrid; USD 60,000 - 70,000; Full time

Benefits offered by this job

Paid Time Off

medical

HSA

vision

dental

FSA

401(k)

profit sharing

legal plan

cancer indemnity plan

disability insurance

life insurance

employee assistance program

commuter benefits

business travel accident

paid volunteer day

paid memberships

paid seminars

tuition assistance

Job summary

Sumitomo Mitsui Trust Bank, Limited in New York City seeks an Associate in Loan Operations to handle day-to-day loan processing and administrative tasks. The role requires maintaining ledgers, processing payments, and coordinating with front and back offices within defined policies.

The position offers a hybrid work schedule (2 days in office per week) and a salary range of $60,000 to $70,000 per year, reflecting 2+ years of loan operations and solid financial systems experience.

Qualifications

• Must have Loan IQ experience.
• 2+ years of loan operations experience in banking.
• Bilateral or syndicated loan experience required; agency deals desirable.
• Basic accounting knowledge and good mathematical aptitude.
• Proficient with Outlook, Word, Excel; strong time management.

Responsibilities

• Capture credit transactions and payments in ATLAS, Loan IQ, and related systems.
• Handle routine loan operations: funding, information sheets, and payments.
• Process non-routine loans: purchases, refinancings, amendments, terminations.
• Establish new customers/facilities in Loantel/Nicotel/ATLAS/Loan IQ as needed.
• Monitor cash movements, reconcile accounts, and report to relevant departments.
• Prepare information sheets and confirmations for DOM/JCF transactions.
• Support back-office activities for bonds, including purchases and coupon payments.
• Generate reports and escalate irregularities to supervisors.

Skills

Loan operations experience

Education

High school diploma

Tools

Loan IQ

Microsoft Office

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Associate

LOAN OPERATIONS Regular Full-Time N New York, New York, NY, US

Salary Range: $60,000.00 To $70,000.00 Annually

This role is located in New York City and will require a hybrid work schedule of at least 2 days in office per week.

This role is open to Non-Officer level candidates.

About the Bank

Sumitomo Mitsui Trust Bank, Limited was established through the merger of The Sumitomo Trust and Banking Co., Ltd with Chuo Mitsui Trust and Banking, Ltd. on April 1, 2012. We are one of the largest asset managers in Asia and number one among Japanese financial institutions by AUM, with approximately $850 Billion USD in AUM. The Bank provides an assortment of financial solutions and manages a broad spectrum of financial products across its global branches.

Department Overview:

The Americas Division ("AD") was established in the Sumitomo Mitsui Trust Bank, Limited, New York Branch) ("SMTBNY") to perform corporate functions and supervise U.S. entities. Established under the AD are the "Global Banking Unit ("GBU"), Americas Division" and "Global Markets Unit ("GMU"), Americas Division" which performs business functions. Acting as back office to the Branch’s Global Banking Unit, Loan Operations Department ("LOP") is responsible for performing operational and administrative duties for booking and maintaining a wide range of credit-based products upon closing and throughout the life of transactions. The Department also provides certain check and balance points.

Your Overview:

Follows established guidelines for day-to-day, routine operational and administrative work. May be required to use some independent thought to handle complex issues. Focus on execution within defined parameters, some expansion based on developing capabilities or experiences in conjunction with experienced staff.

Your Duties and Responsibilities:

• Captures credit related transactions and payments in ATLAS, Loan Management and Loan IQ. Maintains operational ledgers and files of various forms in accordance with the Bank’s policy.
• Handles loan administrative work (funding arrangement, preparing Information Sheets, processing payment, etc.) based on the instructions received from agent banks and/or Lending front office on routine matter s . Verifies that th ese instructions are in compliance with the terms set by the binding agreement.
• Processes assigned non-routine loan activities such as purchases, refinancing, amendment, termination and sale. Establishes new customers and facilities in Loantel/Nicotel, ATLAS, and Loan Management and Loan IQ Systems, as necessary.
• Monitors and applies incoming fee s and interest payments . Investigates cash discrepancies associated with the responsible accounts. Claims compensation when necessary and follows up on reconcilement file.
• Ensures that all cash movements are properly recorded on Cash Position Sheet and reported to Funds Transfer and other relevant departments according to the procedure. Conducts daily nostro reconcilement.
• Prepares various Information Sheets, tickets and confirmation forms for DOM or JCF transactions based on written instructions once deal is established.
• Handles back-office operations for bonds acquired by Lending Group. This includes: capturing new bond products in Loantel, Nicotel and ATLAS systems, processing purchase, sale, redemption and coupon payments as well as timely funding of floating bonds.
• Prepares various reports as requested by the supervisors.
• Reports irregularities to the Supervisor(s) and/or Department Manager on a timely basis.
• Performs other duties and responsibilities as assigned by management.

Your Qualifications:

• High school diploma.
• Must have Loan IQ experience
• 2+ years of experience in loan operations in a bank. Bilateral loans and syndicated loans experience are required. Agency deal experience is highly desirable.
• Basic accounting knowledge and good mathematical aptitude.
• Proficiency with PC in business-related applications, at least for Microsoft Outlook Email and Calendar, Word, and Excel.
• Good time management, including punctuality and attendance.

Why you should join SuMi Trust:

SuMi Trust embraces flexible ways of working when the business and role permits. We provide employees with a hybrid working model, allowing for in-office work and work from home. Our diverse and inclusive environment along with our global presence enables us to collaborate and communicate to meet our business needs. We believe that efficient teams need truth, loyalty, and a strong sense of purpose to balance risk and their targets. We make sustainable business decisions to improve our society and the world. We believe that each person brings a unique value that drives the business though their creativity and passion.

The Employee Benefits package includes:

• Paid Time Off
• medical
• HSA
• vision
• dental
• FSA
• 401(k)
• profit sharing
• legal plan
• cancer indemnity plan
• disability insurance
• life insurance
• employee assistance program
• commuter benefits
• business travel accident
• paid volunteer day
• paid memberships
• paid seminars
• tuition assistance

We offer many socialization opportunities for wellness, financial wellbeing, runs/walks, team building, happy hours, and activities to support the Sustainable Developmental Goals.

Check out our LinkedIn for our employee experience: https://www.linkedin.com/company/smtbny

We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SuMi Trust provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know when the Human Resources staff reaches out to you for an interview.

The anticipated salary range for this role is listed above. The specific salary offered to an employment applicant is based on the individual’s qualifications, experiences, the job responsibilities, an analysis of the current compensation paid for similar roles in the local geographic area, and key distinctions of the job as compared to current jobs in the Branch. The role may also be eligible for an annual discretionary bonus.