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About the Role
This role focuses on executing day-to-day operational and administrative tasks within defined parameters, with potential for handling complex issues and developing capabilities alongside experienced staff. It involves capturing credit transactions, managing loan administrative work, processing non-routine loan activities, monitoring payments, and ensuring proper recording of cash movements.
Responsibilities
- Capture credit related transactions and payments in ATLAS, Loan Management and Loan IQ.
- Maintain operational ledgers and files in accordance with the Bank’s policy.
- Handle loan administrative work based on instructions from agent banks and/or Lending front office.
- Verify compliance of instructions with binding agreement terms.
- Process assigned non-routine loan activities such as purchases, refinancing, amendment, termination and sale.
- Establish new customers and facilities in Loantel/Nicotel, ATLAS, and Loan Management and Loan IQ Systems.
- Monitor and apply incoming fees and interest payments.
- Investigate cash discrepancies and claim compensation when necessary.
- Ensure proper recording of all cash movements on Cash Position Sheet and report to relevant departments.
- Conduct daily nostro reconcilement.
- Prepare Information Sheets, tickets and confirmation forms for DOM or JCF transactions.
- Handle back-office operations for bonds acquired by Lending Group, including system capture, processing payments, and funding.
- Prepare various reports as requested by supervisors.
- Report irregularities to Supervisor(s) and/or Department Manager.
- Perform other duties and responsibilities as assigned by management.
Requirements
- High school diploma.
- Loan IQ experience required.
- 2+ years of experience in loan operations in a bank.
- Bilateral loans and syndicated loans experience required.
- Agency deal experience is highly desirable.
- Basic accounting knowledge.
- Good mathematical aptitude.
- Proficiency with PC in business-related applications (Microsoft Outlook Email and Calendar, Word, and Excel).
- Good communication skills.
- Good time management, including punctuality and attendance.
Skills
- Loan IQ
- Microsoft Outlook
- Microsoft Word
- Microsoft Excel
- Communication
- Time Management
Location
- New York City
Work Type
- Hybrid
Experience Level
- Non-Officer Level Candidates
- 2+ years
Education Level
- High school diploma
Salary/Compensations
- The anticipated salary range for this role is listed above.
- The role may also be eligible for an annual discretionary bonus.
Benefits
- 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
About the Company
- 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.
- 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.
- 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.
- Sumitomo Mitsui Trust Bank, Limited New York Branch is a branch of Sumitomo Mitsui Trust Holding Group.
- Learn more about the company, the values, and vision at https://www.smth.jp/english/about_us/philosophy
Equal Opportunity
- 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.