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Specialized Loan Servicing Specialist

Company:
Valley National Bancorp
Location:
Wayne, NJ, 07470
Posted:
May 21, 2024
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Description:

Responsibilities include but are not limited to: * Coordinate with internal and external third-party resources in performing the day-to-day operations of loan and agency servicing, participations servicing, and/or swap loan servicing for the bank's portfolio.

* Ensure assigned specialized loans are serviced properly and efficiently through diligent monitoring of requests and strict adherence to procedures.

* Reflect payments (principal, interest, escrow, sinking fund) accurately and efficiently in the loan system.

* Ensure appropriate offsetting GL entries are reflected in conjunction with all servicing transactions.

* Process new drawdowns, paydowns, and letter-of-credit activities for syndicated loan transactions.

Process includes both loan system and reconciliation to 3rd party vendor.

* Perform quality control functions and assist with reconciliations of loan system to 3rd party vendor.

* Administer assigned deals by structuring them and booking them properly in the requisite systems.

* Act as liaison to borrowers and participant bank representatives for syndicated loans, and all loan participations sold by providing service in a professional, efficient, and accurate manner.

* Ensure all monies due and payable to the bank are collected and/or reconciled, and all past-due principal interest and fees are reported, followed up on, and ultimately collected.

* Field and resolve requests from business line regarding loan payments and, where applicable, related swap payments.

and related loan payments.

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