Deal Administrator - Trade Finance

ING • New York, NY

2d • Hybrid

About The Position

We are seeking a candidate with detailed knowledge of Receivables and Supply Chain Finance administration, along with experience in Loan Administration, including investigation and reconciliation. The Deal Administrator will handle Trade Finance transactions and daily workflow, booking of loan receivables, reporting, billing, document checking, and payments, with all transactions captured on the Loan IQ Lending platform. Responsibilities include administering a diversified loan portfolio, analyzing agreements, loan terms and structures, and maintaining loans within our core system performing regular audits, and reconciling interest and fees on a significant backlog. The role requires skills in reviewing and interpreting commercial loan terms and documentation, resolving discrepancies, and preparing spreadsheets as necessary. The candidate must be able to identify and recommend changes to standard procedures based on specific situations, solve moderate to complex issues, and communicate effectively both verbally and in writing.

Requirements

• Bachelor’s degree in Finance, Accounting, Business, Economics, Mathematics, or closely-related quantitative field from an accredited U.S. school (or equivalent)
• 4+ years of relevant experience in Receivable Finance and Supply Chain Finance
• Loan IQ experience is preferred.
• Experience and familiarity with Trade Finance agreements and others related loan documentation
• Strong problem solving and analytical skills
• Strong focus on controls, procedures, quality, accuracy and detail oriented
• Self-motivated, confident and committed to the company goals
• Able to use MS-Office with advanced knowledge in Word, Excel and Power Point
• Capable to function under stressful conditions
• Ability to multi-task
• Flexible and learning capacity to adapt to on-going changes
• Client service oriented

Responsibilities

• Support the day to day of large data set of Receivables and Supply Chain loans
• Process receivables and incoming payments in compliance with financial policies and procedures.
• Perform day-to-day financial transactions, including verifying, classifying, computing, posting, and recording accounts receivables' data.
• Prepare bills, invoices as needed.
• Reconcile the accounts receivable ledger to ensure all payments are accounted for and properly posted.
• Facilitate payment of invoices due by sending bill reminders and contacting clients.
• Generate weekly aging reports and resolve outstanding payment issues.
• Maintain accurate records and documentation for all transactions.
• Collaborate with other departments to ensure smooth financial operations.
• Manage daily activity on existing Trade Finance transactions
• Reconcile discrepancies among interest and fees
• Monitor daily loan repricing activity and chase Agent as needed
• Monitor commitment limits and expiration dates
• Monitor daily cash flow and process transactions timely
• Assist Manager in any special projects as needed

Benefits

• comprehensive health benefits
• generous 401k savings plan
• competitive PTO
• adoption, surrogacy, and fertility services
• student debt assistance
• subsidies for expenses associated with working from home, commuting, and fitness

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level