What are the responsibilities and job description for the Loan Operations Specialist position at National Bank of Kuwait - New York?
Job Overview:
We are seeking a Loan Operations Specialist to efficiently manage the daily processing of loan transactions, ensuring accuracy and compliance with internal policies and regulations. This role involves structuring loans, generating payment instructions, maintaining loan balances, and preparing monthly reports. The ideal candidate will have strong attention to detail, excellent communication skills, and the ability to work both independently and collaboratively in a fast-paced environment.
Job Responsibilities:
- Responsible for the efficient, timely and accurate processing of loan transactions including the input of deals, generation of payment instructions, settlement of interest due
- Review and validation of loan documentation in order to identify key information necessary to facilitate the setup of, or amendment of, loan related transactions
- Responsible for the preparation of the monthly reports
- Follow up correspondence with counterparties and agents for Loan activity and problem resolution
- Reconcile all relevant suspense accounts
- Maintain daily statistics
- Adhere to the loan processing related policies and procedures
- Participate in testing of all program changes and upgrades
- Ensure adherence to all pertinent laws and regulations governing BSA/AML, CTF, OFAC and the USAPA as well as all bank policy and procedures governing these topics
- Treasury Operations daily processing competency for support and back-up
- Complete assignments and projects as required by the Manager
Key Competencies
- Minimum 5 years’ experience in related field
- Flexibility with taking on assignments
- Analytical approach to core processing
- Proficient in MS Word & Excel