Loan Operations Specialist
Do you want your voice heard and your actions to count?
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2018). In the Americas, we're 13,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, developing positive relationships built on integrity and respect. It's part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. We're a team that accepts responsibility for the future by asking the tough questions and owning the solutions. Join MUFG and be empowered to make your voice heard and your actions count.
Provide analytical and specialized operational support to assist the supervisor and lender. Process complex transactions for Commercial, and Real Estate and Specialized lending. Resolve problems and participate developing methods to improve the workflow process within the unit.
Perform loan accounting functions using multiple loan systems i.e. Real Estate Construction (RCL), Asset Based Lending (ABL) and the Automated Financial System (AFS). Interpret requests for boarding new and renewed loans and determine the structural hierarchy. Ensure modifications to codes are processed accurately to maintain optimum data integrity. Train less experienced staff on new products and procedures. Continuously exercise sound judgment to minimize the Bank's risk exposure. Ensure tasks performed meet regulatory requirements issued for Sarbanes-Oxley, FDICIA, Auditing and Bank policy. Participate in new loan product/facility discussions with the loan officer and Bank liaisons. Make recommendations for additional AFS codes for new products and to easily identify them for regulatory reporting. Adhere to sensitive deadlines and time constraints for loan closings. Review and analyze syndicated loan documentation. Determine if applicable the cause of deficient payments for interest, fees, and principal. Assist the supervisor with administrative and operational support. Perform steps to maintain and determine the borrower's collateral and borrowing base position upon receipt of appropriate documentation. Perform steps to certify the Bank's general ledger to the loan accounting system. Analyze and monitor exception reports to avoid unnecessary bank exposure.
Typically requires a high school diploma or G.E.D and 6 to 7 years of experience in technical experience. Excellent PC skills required especially Microsoft office and Excel. Accounting background. Well-developed written and communication skills. Familiar with complex loan documentation and Bank policy. Must be capable of performing multiple tasks on a regular basis.
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.
We are proud to be an Equal Opportunity / Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.
A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it's the bank's policy to only inquire into a candidate's criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.
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