Head Of Loan Operations - Network ESC

           IMMEDIATE FULL-TIME DIRECT HIRE OPPORTUNITY

           Head of Loan Operations, Top International Trust and Investment Bank, New York, NY

           Hybrid - 3 Days Remote/2 Days On-Site in Midtown NYC.  $250-300K + Bonus + Benefits

Apply: Qualified candidates, please email CV with salary requirements to msinanan@networkesc.com.

*TO BE ELIGIBLE FOR CONSIDERATION, APPLICANTS MUST HAVE US WORK AUTHORIZATION - NO H1B or OPT/STEM WILL BE CONSIDERED FOR THIS ROLE     #LoanIQ #syndicatedloans #bilateral #loanprocessing

Department Overview:

The 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.

Your Role Overview:

The Head of the Loan Operations Department (“HOD”) is responsible for building, managing, and directing an effective team that is responsible for oversight of loan operations. In this role the HOD will communicate the vision (future-Ideal) of LOP and carry out its implementation, direct staff, develop strategies to improve efficiency, effectiveness, and productivity, and control execution of the departmental functions and plans The HOD focuses on creating a rewarding workplace culture in which there is recognition and growth

Your Duties and Responsibilities:

Oversees the daily operations of the department in an efficient and effective manner. Establishes and maintains an efficient and productive working environment within the department based on continuous and effective staff communication. Formulates a medium and long-term strategy to proactively maintain stable operations.

Manages over 20 department employees by providing training, guidance, and coaching on a regular basis. Structures department processes, teams, and workload distribution. Performs ongoing training, reviews and communicates current or developing lending industry topics/concerns or standards.

Assists in the streamlining projects to review and improve the operational processes of LOP, as well as relevant departments. Plans and achieves departmental operational goals within defined timelines, as well as define and implement a measurement of acceptable staff performance. Analyzes and provides feedback on for booking potential new products.

Authorizes the release of funds associated with the Department’s business transactions. Authorizes balance confirmations to be submitted to the customers.

Manages Branch-wide projects, including system-related enhancements/developments. Creates plans on resource allocations, timeline expectations, oversees the implementation and any follow-up actions.

Coordinates workflow with other departments to establish/improve procedures. Liaises with the members of multiple departments to improve accuracy and efficiency.

Establishes and makes necessary changes/updates to procedures manuals. Implements operation policies and procedures to ensure compliance with State and Federal regulations as well as internal compliance requirements.

Conducts various assessments and audits to ensure department procedures are achieving accurate and desired results. Manages the annual Federal/State examinations as well as other external/internal audits. Follows up and corrects any items addressed to ensure necessary changes or recommendations have been implemented, as directed.

Works with other business continuity coordinators to establish contingency plans for varying scenarios to maintain the critical operations during emergency situations.

Performs other duties and responsibilities as assigned by management.

Your Qualifications:

Bachelor’s degree or equivalent in business, economics, accounting, or its equivalent with 10+ years of related experience.

5+ years of management experience required.

7 years of Loan IQ

Knowledge of credit related products, operational practices for the bilateral, syndicated, and Bond transactions and operational risk control.

Solid accounting knowledge and strong mathematical aptitude applicable to banking operations.

Excellent computer skills in Microsoft Office including Excel, Word, and Access.

Excellent communication skills and ability to provide constructive feedback.

Preferred: Bilingual oral and written skills on a business level in English and Japanese.

The Employee Benefits package includes: 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, and tuition assistance.

Skills

Collateralized Loan Obligations (CLO)FinanceMicrosoft OutlookFinancial AnalysisRefinancingCash Flow AnalysisAnalytical SkillsLoan StructuringBloombergOral CommunicationHigh YieldCredit Structuring