Posted 13 days ago
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- Compensation
- Not specified
- City
- Montreal
- Country
- Canada
Currency: Not specified
Full Job Description
Structured Finance Back Office- Associate
Responsibilities
RESPONSIBILITIES
ABOUT THE JOB:
Global Banking Technology & Operations (GBTO) delivers day-to-day services to Global Banking & Investor Solutions (GBIS) Business Units and their clients. With IT & Operations teams working side by side under the same leadership, the goal of GBTO is to meet the evolving needs of its clients and market requirements, as well as anticipate technological advances to accelerate and support the transformation of GBIS activities. GBTO is at the very heart of this technological and operational challenge.
The Loan Servicing Group oversees the booking and administration of the loans for Socit Gnrale New York branch. The department comprises two main groups: the Closers responsible for setting up the deal in the banks system (LIQ), and the Servicers who manage the loan administration (notices, funding, interests & fees).
WHAT WILL BE YOUR DAY-TO-DAY?
- Agency Role- Borrower and Lending group facing servicing activity.
- Review, verify, and authorize daily loan transactions.
- Perform analysis and reconciliation of fee and interest accruals.
- Handle booking loans including Commercial Paper, Non-performing and Direct/Agented facilities.
- Prepare notices of activities to fax to all participants/customers for loan confirmation.
- Prepare/review loan forms related to booking of new borrowings, increases, rollovers, pay-downs, commitment reductions, etc., prior to obtaining loan officer approval signatures.
- Take responsibility for the daily transfer of loan proceeds.
- Prepare interest and fee billings on all direct/agented loans, bill the customers, and send pro-rata shares to the participants.
- Handle booking of risk participation sold.
- Process interest, commitment fees and investigate discrepancies when necessary.
- Handle preparation/posting of GL entries as required.
- Review various system generated reports to ensure proper monitoring of the facilities.
- Reconciliation of Open Cash, Suspense and Past due processing.
Profile required
LANGUAGE:
Ability to communicate in English, both orally and in writing, is a requirement as the person in this position will need to collaborate regularly with colleagues and partners in the United States.
PROFILE REQUIRED
SKILLS AND QUALIFICATIONS:
Must Have:
- Minimum 3 to 5 years prior experience in Commercial Lending using the LoanIQ application.
- Agency servicing experience.
- Demonstrated exposure in supporting variety of portfolios (both as Agent and Participation).
- Knowledge of Financial Products (Especially Loans, Guarantee and Stand by Letter of Credit etc.).
- Knowledge of loan products, principles of cash payments in USD and foreign currencies
- Strong working knowledge of Excel.
- Strong analytical and reconciliation skills.
- Attention to detail and accuracy.
- Strong written and verbal communication skills.
- Ability to work independently.
- Strong time management/organizational skills.
Nice to Have:
- International banking experience.
Education: Bachelors degree in finance, Accounting, or related discipline.
Languages: English, French
Ability to communicate in English, both orally and in writing, is a requirement as the person in this position will need to collaborate regularly with colleagues and partners in the United States.
Business insight
Societe Generale is committed to offering an inclusive recruitment experience to all candidates. If you require any reasonable accommodations during the recruitment process, please do not hesitate to let our Recruiters know.
OUR CULTURE:
At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose new ideas. This way, we maximize our ability to serve client needs and anticipate market changes. Societe Generale is committed to strengthening bonds with colleagues, communities, and the world in which we live, because relationships are at the heart of how we operate. For more information about our Culture and Conduct initiatives, please visit this link (https://americas.societegenerale.com/en/careers/get-know-culture/)
D&I:
Our Diversity & Inclusion Mission: Recruit, develop, advance, and retain a diverse workforce that is united in our efforts to enhance our competitive position and deliver innovative solutions to our clients.
Our Diversity & Inclusion Vision:
- Engaged workforce that is demographically diverse in a way that reflects the communities in which we operate
- Inclusive culture and workplace that recognizes employees' unique needs and utilizes their diverse talents
- Engage our community and marketplace, and position the organization to meet the needs of all its clients
For more information about our D&I initiatives, please visit this link (https://americas.societegenerale.com/en/careers/get-know-diversity/)
Diversity and Inclusion
We strive to write our postings as inclusively as possible. If, however, one gender is used alone in this display, it designates persons of all gender identities.
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