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Commercial Loan Administration

Location : Uptown Charlotte
Job Type : Temp/Contract
Reference Code : JR-BO
Hours : Full Time
Travel : No
Relocation : No
Industry : Banking - Financial Services

Job Description :

Location: Uptown


Duration: 6 mo+





Job Description / Responsibilities


 


Primary Purpose:


Provide Master Repurchase Agreement and Credit Agreement administration / operational support in a Capital Markets Middle Office Operations group. The team supports the Real Estate Capital Markets, Asset Backed Finance, Commercial Operating Asset Finance and Whole Loan Trading businesses within Wells Fargo Securities. 


 


Responsibilities:



  • Review all business unit requests for commercial loan activity: fundings, paydowns, LIBOR-based interest, etc. and post entries within loan system

  • Perform reconciliations of both cash and general ledger postings

  • Properly keep the business unit informed on any trades or prices that need attention

  • Participate in User Acceptance Testing related to system enhancements

  • Provide solutions to operational problems and suggest improvement to workflow

  • Participate on projects for new business initiatives

  • This role involves interfacing with multiple business partners including Trading, Finance, Market Risk and Technology while ensuring that the operational risk associated with the business is being mitigated


 


#LI-BO


Required Qualifications :
 Requirements:


  • Knowledge and experience should be in performing operational support in one of these areas: loan administration, loan operations, corporate investment banking, fixed income trading, real estate lending, securitization, conduit products or whole loan mortgage products

  • Some knowledge of general accounting principles

  • General knowledge of banking and finance terms and concepts including internal control concepts and risk management

  • Proficiency in Excel

  • Knowledge of various systems relative to asset trading, general ledger (e.g. Oracle, IRIS, Hyperion/Essbase)


 
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