Valley Bank Job - 44370034 | CareerArc
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Company: Valley Bank
Location: Wayne, NJ
Career Level: Associate
Industries: Banking, Insurance, Financial Services

Description

The Floorplan, Swaps and Loan Ops Team Leader is the lead role in the administration of daily servicing of the Dealer Floor Plan portfolio and other activities of the Specialized Loan Servicing team, collaboration with team members and other Valley functional teams, along with a major third-party outsourcing relationship (SS&C Technologies for syndication and participation servicing). Responsible for managing servicing of loan transactions where Valley serves as Agent Bank; Loan Participations Sold, Loans with multiple pricing options, and "Swap loans" liaising with borrowers, investors and Valley loan officers.   Responsibilities include, but are not limited to:

  • Take ownership to review and ensure that all daily Dealer Floor Plan loans are in compliance with the parameters in the Data Scan systems ensuring accuracy levels are maintained and turnaround times are consistently met. (Note: Consistently follow all Data Scan WMS Daily Procedures as outlined below).
  • Ensure work on pending Flooring and Payoff Queue in Data Scan for flooring requests and process them in a timely manner, communicating with internal and external customers (dealers) to gather additional information and provide status updates.
  • Ensure review of Floor Plan loan requests received via Fax and E-mail and process them in a timely manner, communicating with internal and external customers (dealers) to gather additional information and provide status updates.
  • Ensure accurate data entry, risk mitigation as front-line responder to Floor Planning processing requests.
  • Take lead role on any software enhancements, system upgrades, and process improvements related to Dealer Floor Plan and other tasks in the remit of the role.
  • Review Inventory Audit reports and follow up with dealers for due payments.
  • Generate and prepare monthly dealer statements and work closely with Dealer Services Management team for monthly Curtailments relief.
  • Generate monthly and weekly reporting on a requested / needed basis. Work closely with department management to program databases, reports, and forms to ensure an effective and efficient workflow within the Servicing department.
  • Monthly account reconciliation of GL and Expense Accounts for the Auto Dealer Lending business.
  • Coordinate with internal and external third-party resources in performing the day-to-day operations of customer swap servicing, including invoicing, and payments to and from both loan customers, and counterparty swap dealers.
  • Ensure all monies due and payable to the Valley from customer swap activity are collected and/or reconciled, and all past-due amounts are investigated and communicated to
    Valley's swap desk/Treasury department.
  • Assist with Audits, Business Continuity and Disaster Recovery, as required.
  • Contribute to the well-being of the department by taking personal responsibility for professional development and skill building.
  • When required:
    • Coordinate with internal and external third-party resources in performing the day-to-day operations of loan and agency servicing, participations servicing, and/or swap loan servicing for the bank's portfolio.
    • Ensure assigned specialized loans are serviced properly and efficiently through diligent monitoring of requests and strict adherence to procedures.
    • Contribute to the maintenance of existing procedures and the establishment of new procedures, as required with the introduction of new products and the transformation of systems infrastructure.
    • Administer assigned new deals by structuring them appropriately, booking them properly in the systems.
    • Process new drawdowns, paydowns, and letter-of-credit activities for syndicated loan transactions.
    • Act as liaison to borrowers and participant bank representatives for syndicated loans, and all loan participations sold by providing service in a professional, efficient, and accurate manner.


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