Credit Risk and Portfolio Associate
About the role
This position will provide assistance and support to the Vice President, Loan Administration and/or Associate, Loan Administration to monitor and maintain relevant credit information of each customer within the Loan IQ application and GBR system. This position is also responsible for all input functions of the Loan IQ system, and the incumbent will also act as “Deal Administrator”. The position also requires a good understanding of the technical aspects of drafting and reviewing letters of credit, as well as performance guarantees, as the incumbent will be involved in the preparation and issuance of letters of credit
About the Role
This position will provide assistance and support to the Vice President, Loan Administration and/or Associate, Loan Administration to monitor and maintain relevant credit information of each customer within the Loan IQ application and GBR system.
Responsibilities
- Verifies that all customer loan applications and transactions comply with policy and procedure and predetermined credit lines with advance understanding of all aspects of loan or deal administration functions (including all aspect of funding).
- Reviews and verifies credit applications in GBR (in-house credit monitoring system) and conducts end to end workflow in order to book and fund the deal in loan system (Loan LQ).
- Prepares and assists the Client, Relationship Managers in drafting and reviewing letters of credit and/or performance guarantees.
- Understanding on all loan documentation and briefs, ensuring that the terms and conditions contained in the documents comply with the approved credit facility prior to the disbursement of funds and during the life of the loan.
- Responsible to prepare Loan IQ input templates for new customers and/or deals and facilities and input set up to Loan IQ, as assigned; including both bilateral set up and participant bank set up as required.
- Prepare tickets for daily loan transactions and input into Loan IQ system.
- Responsible to reconcile interest and/or fee notices for bilateral, syndication facilities and settlement entries in Loan IQ system.
- Responsible for filing and other administrative duties, and data maintenance duties within the department as assigned.
- Ensures that the processes followed are in full compliance with all of the Bank’s policies and procedures, including Anti-Money Laundering policies, and the requirements of the relevant regulatory bodies as communicated by Compliance Department.
Qualifications
- Undergraduate degree or higher. High school diploma if candidate possesses relevant experience.
Required Skills
- Ability to interpret credit agreements, letters of credit and related documentation.
- Thorough knowledge letters of credit, performance guarantees terms and requirements/conditions such as ISP98 and UCP 600.
- 3-5 years previous related corporate banking loan administration experience.
- Good interpersonal (Team player), organizational and communication (verbal & written) skills.
- Good computer skills, especially in MS Excel and good keyboarding skills.
- Ability to set priorities and develop a work schedule to complete assigned tasks on timely basis.
- Business fluency in the English language.
Preferred Skills
- Computer Applications: Loan IQ, in-house credit application system (GBR), document management system (DMS), Covenant system, Microsoft Office including Word and Excel.
About Alquemy Search & Consulting
Alquemy challenges traditional thinking and drives innovation through expert delivery of IT consultants, contractors and permanent staff in the areas of IT operations, software development, security, infrastructure, cloud technologies, and IT transformation. Our team creates measurable business value to help your organization gain a competitive edge.
Alquemy has grown quickly since opening our doors; today Alquemy operates across Canada and is actively working with the top contract and full-time talent across North America.
The IT staffing / contingent industry is becoming increasingly plagued by inexperience, misrepresentation, and an increased focus on high volume and low quality; leaving many organizations frustrated with the state of the industry.
Alquemy seeks to reinvigorate the industry by bringing quality, transparency, integrity, and accuracy back to staffing representation. Our proven systems and process are designed to deliver the highest quality candidates and build long lasting partnerships with our clients.
Decades of experience has taught us what to look for and what to ignore. By conducting thorough research on the complete market of passive candidates including talent data mining, sourcing, talent attraction, and recruitment; Alquemy provides you with the ability to make the best decision from the best talent in the marketplace.
Credit Risk and Portfolio Associate
About the role
This position will provide assistance and support to the Vice President, Loan Administration and/or Associate, Loan Administration to monitor and maintain relevant credit information of each customer within the Loan IQ application and GBR system. This position is also responsible for all input functions of the Loan IQ system, and the incumbent will also act as “Deal Administrator”. The position also requires a good understanding of the technical aspects of drafting and reviewing letters of credit, as well as performance guarantees, as the incumbent will be involved in the preparation and issuance of letters of credit
About the Role
This position will provide assistance and support to the Vice President, Loan Administration and/or Associate, Loan Administration to monitor and maintain relevant credit information of each customer within the Loan IQ application and GBR system.
Responsibilities
- Verifies that all customer loan applications and transactions comply with policy and procedure and predetermined credit lines with advance understanding of all aspects of loan or deal administration functions (including all aspect of funding).
- Reviews and verifies credit applications in GBR (in-house credit monitoring system) and conducts end to end workflow in order to book and fund the deal in loan system (Loan LQ).
- Prepares and assists the Client, Relationship Managers in drafting and reviewing letters of credit and/or performance guarantees.
- Understanding on all loan documentation and briefs, ensuring that the terms and conditions contained in the documents comply with the approved credit facility prior to the disbursement of funds and during the life of the loan.
- Responsible to prepare Loan IQ input templates for new customers and/or deals and facilities and input set up to Loan IQ, as assigned; including both bilateral set up and participant bank set up as required.
- Prepare tickets for daily loan transactions and input into Loan IQ system.
- Responsible to reconcile interest and/or fee notices for bilateral, syndication facilities and settlement entries in Loan IQ system.
- Responsible for filing and other administrative duties, and data maintenance duties within the department as assigned.
- Ensures that the processes followed are in full compliance with all of the Bank’s policies and procedures, including Anti-Money Laundering policies, and the requirements of the relevant regulatory bodies as communicated by Compliance Department.
Qualifications
- Undergraduate degree or higher. High school diploma if candidate possesses relevant experience.
Required Skills
- Ability to interpret credit agreements, letters of credit and related documentation.
- Thorough knowledge letters of credit, performance guarantees terms and requirements/conditions such as ISP98 and UCP 600.
- 3-5 years previous related corporate banking loan administration experience.
- Good interpersonal (Team player), organizational and communication (verbal & written) skills.
- Good computer skills, especially in MS Excel and good keyboarding skills.
- Ability to set priorities and develop a work schedule to complete assigned tasks on timely basis.
- Business fluency in the English language.
Preferred Skills
- Computer Applications: Loan IQ, in-house credit application system (GBR), document management system (DMS), Covenant system, Microsoft Office including Word and Excel.
About Alquemy Search & Consulting
Alquemy challenges traditional thinking and drives innovation through expert delivery of IT consultants, contractors and permanent staff in the areas of IT operations, software development, security, infrastructure, cloud technologies, and IT transformation. Our team creates measurable business value to help your organization gain a competitive edge.
Alquemy has grown quickly since opening our doors; today Alquemy operates across Canada and is actively working with the top contract and full-time talent across North America.
The IT staffing / contingent industry is becoming increasingly plagued by inexperience, misrepresentation, and an increased focus on high volume and low quality; leaving many organizations frustrated with the state of the industry.
Alquemy seeks to reinvigorate the industry by bringing quality, transparency, integrity, and accuracy back to staffing representation. Our proven systems and process are designed to deliver the highest quality candidates and build long lasting partnerships with our clients.
Decades of experience has taught us what to look for and what to ignore. By conducting thorough research on the complete market of passive candidates including talent data mining, sourcing, talent attraction, and recruitment; Alquemy provides you with the ability to make the best decision from the best talent in the marketplace.