Commercial Loan Administrator

First Citizens Bank•Raleigh, NC

14h•Hybrid

About The Position

The Commercial Loan Administrator is responsible for post close loan administration of large syndicated cashflow participation deals, delivering multifaceted support services for our business partners.

Requirements

Bachelor's Degree and 0 years of experience in Operations or Customer Service OR High School Diploma or GED and 4 years of experience in Operations or Customer Service
Intermediate Microsoft Office

Nice To Haves

Commercial syndicated loan experience
Knowledge of Bank operations and regulatory or legal environments
Bachelor’s degree in accounting or finance related area
1+ year financial operations experience
Superior communications and multitasking skills, with the ability to interact with multiple individuals and Agent banks
Knowledge of Loan IQ

Responsibilities

Loan servicing knowledge
Contact person responsible for all ongoing daily activity and reconciliation issues associated with assigned portfolio of approximately 60-80 deals
Monitor customer borrowings, payments, and rate setting activities
Contact agents regarding maturing loans for renewal or repayment
Process loans, deposits, commitment, and Letter of Credit facilities for cashflow deals
Process any amendment transactions by updating Loan IQ, calculating applicable fees, and applying any associated fees and/or cost allocations
Calculate quarterly and monthly fees and interest, reconciling amounts with agent banks
Monitor and reconcile any past due, suspense or account receivable items, notifying account manager of any true delinquencies
Process all trading activity on portfolio, preparing funding memos and standard bank confirmations when necessary
Process customer audit confirmations in a timely manner
Accountable to administer all loans in accordance with the terms of governing documents, relevant legislation, and company policy
Support management with various inquiries and audits