Loan Operations Specialist (Hybrid, NYC)

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

Job summary

Sumitomo Mitsui Trust Bank, Limited seeks an Associate in Loan Operations in New York. This regular full-time role requires at least 2 years of bank loan ops experience, including bilateral/syndicated loans, and proficiency with Loan IQ and MS Office. The job is in NYC with a hybrid schedule (in-office at least 2 days/week).

Open to non-officer level candidates; salary range listed from $60,000 to $70,000 annually. Strong accounting basics and punctual work habits are expected.

Qualifications

• Must have Loan IQ experience.
• 2+ years of experience in loan operations in a bank.
• Bilateral loans and syndicated loans experience required; agency deal experience desirable.
• Basic accounting knowledge and good mathematical aptitude.
• Proficiency with PC applications including Outlook, Word and Excel.
• Good time management, including punctuality and attendance.

Responsibilities

• Capture credit related transactions and payments in ATLAS, Loan Management and Loan IQ; maintain ledgers and files per policy.
• Handle loan administrative work (funding, information sheets, processing payments) per instructions from agents/front office.
• Process non-routine loan activities (purchases, refinancing, amendments, termination, sale) and set up new customers/facilities in systems.
• Monitor and apply incoming fees and interest; investigate cash discrepancies; follow up on reconciliations.
• Ensure cash movements are recorded on Cash Position Sheet and reported to relevant departments; perform daily nostro reconciliation.
• Prepare information sheets, tickets and confirmations for DOM or JCF transactions as needed.
• Handle back-office operations for bonds (capture, buy/sell, payments, funding).
• Prepare reports for supervisors; report irregularities to management; perform other duties.

Skills

Loan operations

Attention to detail

Time management

Excel

Education

High school diploma

Tools

ATLAS

Loantel/Nicotel

Loan IQ

Outlook

Word

Excel

Job description

Sumitomo Mitsui Trust Bank, Limited seeks an Associate in Loan Operations in New York. This regular full-time role requires at least 2 years of bank loan ops experience, including bilateral/syndicated loans, and proficiency with Loan IQ and MS Office. The job is in NYC with a hybrid schedule (in-office at least 2 days/week).

Open to non-officer level candidates; salary range listed from $60,000 to $70,000 annually. Strong accounting basics and punctual work habits are expected.