Structured Fin BO Servicing Associate - Banking operations processing - Jersey City, New Jersey, United States

ResponsibilitiesABOUT 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 Société Générale New York branch. The department comprises two main groups: the Closers responsible for setting up the deal in the bank’s 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 requiredPROFILE REQUIREDSKILLS 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 currenciesStrong 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: Bachelor’s degree in finance, Accounting, or related discipline.Languages: EnglishWhy join usBusiness insightSociete 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/)DIVERSITY, INCLUSION & BELONGING (“DIB”):Our DIB Mission: Recruit, develop, retain and advance a talented workforce that is united in our efforts to leverage our talent and further develop an inclusive environment that will enhance our competitive position and deliver innovative solutions to our clients. It seeks to foster an environment where employee differences are valued and where all employees feel engaged, supported, respected, and informed. For more information about our DIB initiatives, please visit this link: https://americas.societegenerale.com/en/careers/get-know-diversity/COMPENSATION:Base salary range does not include overtime pay, bonus and/or other benefits, where applicable. Actual base salary offer will vary based on skills and experience. The role is eligible for an annual discretionary bonus and includes a competitive benefits package including 401(k) plan with company match, medical/dental/vision, and other benefits for fertility, wellness, student loans and commuters.