Hybrid Loan Operations Specialist NYC

Sumitomo Mitsui Trust Bank Limited New York Branch; New York (NY); Hybrid; USD 70,000 - 95,000; Full time

Job summary

Sumitomo Mitsui Trust Bank, Limited New York Branch is seeking a Loan Operations professional in New York City. The role requires 2+ years in loan operations and Loan IQ experience, with bilateral and syndicated loan exposure preferred.

It supports back-office processing, settlement, and reporting in a hybrid work model with at least two days in office. You will handle transactions in ATLAS/Loan IQ, perform cash reconciliation, and prepare information sheets and reports for supervisors.

Qualifications

• Loan IQ experience is required.
• 2+ years of loan operations experience in a bank.
• Bilateral and syndicated loan experience is required; agency deal experience is desirable.
• Basic accounting knowledge and good mathematical aptitude.
• Proficiency with MS Office (Outlook, Word, Excel) and calendar tools.
• Strong time management and punctuality.

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 matters. Verifies that these 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 fees 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.

Skills

Time management

Attention to detail

Mathematical aptitude

Communication skills

Education

High school diploma

Tools

Loan IQ

Microsoft Excel

Microsoft Word

Outlook

Calendar

Job description

Sumitomo Mitsui Trust Bank, Limited New York Branch is seeking a Loan Operations professional in New York City. The role requires 2+ years in loan operations and Loan IQ experience, with bilateral and syndicated loan exposure preferred.

It supports back-office processing, settlement, and reporting in a hybrid work model with at least two days in office. You will handle transactions in ATLAS/Loan IQ, perform cash reconciliation, and prepare information sheets and reports for supervisors.