23 days old

Senior Loan IQ Administration Associate

Jersey City, NJ 07302
  • Job Code
    0000HBHM

At HSBC, the health and well-being of our employees remains of utmost importance.  Many of our roles are permitted to work from home (in states in which HSBC is licensed to operate) until further notice. Upon resumption of normal operations, this role may be performed at our Jersey City, New Jersey office.

 

Senior Analyst will be part of a loan administration team assisting with implementation of RFR {Risk Free Rates}. The position requires adherence to strict deadlines, timely processing of payments. Analyst must be an expert to advanced user of Loan IQ system. Seeking for experienced individual in closing, servicing, primary, secondary, and 3rd party trading. Individual is required to understand and work in accordance with internal procedures and facility-specific documentation. Analyst must be able to read and interpret loan documentation.

 

About Us

Our purpose – Opening up a world of opportunity – explains why we exist. We’re here to use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to build a better world – for our customers, our people, our investors, our communities and the planet we all share.


Primary Responsibilities/Essential Functions:

  • Responsible for analyzing and understanding loan agreements and related documentation
  • Develop a detailed understanding of RFR Market concepts and practices
  • Perform loan servicing for different types of loans, which includes Syndicated and Bi-Lateral Loans, collateral management, and escrow accounts
  • Construct deal structures in Loan IQ including amending existing deal structures
  • Execute and manage Loan Portfolio in multi-currency.
  • Review and drive break resolution identified in reconciliations, either for daily or month-end reporting purposes
  • Provide support to the Lender and Borrower by addressing all inquiries timely.
  • Manage shared team functions and team email boxes.
  • Communicate and support all inquiries from City Office team.
  • Train junior Loans Administration Analyst(s)
  • Trouble-shoot basic Loan IQ functional problems/issues
  • Other work includes projects and any remediation efforts, as assigned.

 

Decision-Making Responsibility:

  • Interpret terms of loans and translate build into the LIQ
  • Assess and assist with streamlining and cost saves of our processes.
  • Determine and drive solutions for gaps identified in performed functions, if any
  • Review and approve transactions and loan processing, including but not limited to loan funding
  • Ability to escalate and communicate to both internal and external stakeholders
Posted: 2022-04-29 Expires: 2022-05-29

HSBC offers the opportunity to develop a fulfilling career within a supportive and inclusive environment. We aim to be a place where everyone can achieve their full potential, regardless of their background.

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Senior Loan IQ Administration Associate

HSBC Bank USA
Jersey City, NJ 07302

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