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Job Ref: 14506

Salary: $110000 – $110000

Our European Bank client in MT New York has an employee retiring and as a result has opened up an opportunity for a Loan and LC Pro who will be responsible for Administration of all loan and LC transactions for various departments (Corporate, Real Estate, Public Finance, Project Finance and Mexico SOFOM) with focus and expertise in Real Estate Loans. This includes the maintenance of facilities, fees, rollovers, customer advices, rate changes, adjustments to accrued interest and funds transfers
L/C experience and knowledge of SOFR index rate are required.

Salary range up to $110K depending on Experience and skill sets

•          Maintain daily activity of facilities and loans, for all lending areas, which include the reconciliation of Syndication, Participation and Bi-lateral Direct loans, rollovers, pay downs, conversions, break funding, interest payments, quarterly fees and breakage fee

•          Create and maintain customer files

•          Create payment orders for outgoing funds.

•          Assist with verifying and authorizing lending transactions

•          Create notices to customers for new loans, rollovers, draw downs, etc.

•          Maintain Trade Finance activities, i.e., Process Letters of Credit issued by New York and Head Office.

•          Process Standby Letter of Credit Confirmations received from Head Office

•          Monitor and follow up on lending fees insuring timely receipt for all customers and all currencies.

•          Ensure funds received timely for all customers and all currencies.

•          Reconcile open items on Cash Position and differences between accrued, billed and paid amounts.

•          Process Swing line facilities and related loan activity for Head Office and branches

•          Assist with periodic customer and agent audit confirmations.

•          Assist in processing, verifying and authorizing of Retail activity as needed. (ie. Check Deposits/Funds transfers)

•          Primary back-up for department manager


•          Proficient computer skills

•          Solid knowledge of Letters of Credit

•          Midas Banking system

•          Good communication skills   

•          7+ years of past experience in similar position


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