Manager, Specialized Loan Servicing

Job description

Responsibilities include but are not limited to: - Key point of contact with internal and external stakeholders for Specialized (Syndicated, Participated, and Swapped loans). - Daily leadership of Specialized Team on life of loan transactions, such as rate changes, maintenance transactions, and booking commitments to ensure loan systems (e.g. IBS, PLM) are up-to-date and in sync. - Support the Department Head, Specialized Loan Servicing in adherence to OCC Heightened Standards and coordination with Operational Risk Management team. - Document procedures to be reviewed and updated periodically. - Key point of contact in discussions with Internal and External Audit - Oversight of all GL suspense accounts used, Loan Control GL, and firm grasp of how the loan system (IBS) interacts with the General Ledger. - Oversight of key vendor (SS-C) to ensure appropriate reflection of loan terms and structure of deals with partner banks. - Interpret and translate loan documents into Valley's booking systems, where rquired. - Review and approve new deal set-ups on outside vendor platform prior to activation on that platform. - Establish excellent communication with business lines (e.g. Healthcare,...