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Job Description

Job Summary

Under minimal supervision, uses specialized knowledge and skills obtained through education and experience to perform an array of loan servicing activities for commercial real estate loans, corporate loans, syndicated loans, and club participation loans. Conducts frequent trouble-shooting of moderate to complex issues that require evaluation, originality, and critical thinking to apply the appropriate procedures, processes and techniques. Works closely with Corporate Loan Servicers, Corporate Loan Specialists, Team Leads, Trade Administrator, and Supervisor to ensure established processing timeframes are met and the department remains fully compliant with all rules/regulations instituted by the firm and various regulatory bodies.

Essential Duties and Responsibilities

+ Establishes parallel monitoring processes and controls to ensure regulatory requirements are met.

+ Establishes document tracking and reporting including receipt of and completeness of legal documents, loan, and financial information. Follow-up on missing and incomplete documentation.

+ Monitors loans in progress and maintains files with sufficient documentation for third-party review and prepares files for timely audits.

+ Monitors collateral, UCCs, taxes, insurance, and legal recordings and filings for loans in progress.

+ May assist in scheduling and coordinating loan closings, and clear loan proceeds for disbursement.

+ Prepares compliance and accounting records and reports, as required by management and regulatory agencies.

+ May perform advanced loan calculations.

+ Performs quality checks on data input sheets and audit required information for boarding on the banks servicing system.

+ May work with attorneys and other financial or legal resources to obtain the correct, accurate documents.

+ Performs monthly audits and reconciliations for third-party payments and loan-loan related expenses.

+ Responds to internal and external auditor issues and inquiries.

+ Provides training and guidance to less experienced staff.

+ Assists in departmental projects that will improve efficiencies.

+ Performs other duties and responsibilities as assigned.

Knowledge of

+ Fundamental accounting concepts, practices and procedures of loan processing and documentation.

+ Accrual-based accounting practices.

+ Multi-state commercial and retail loan servicing practices.

+ Commercial loan structuring and Corporate loan participations and syndications

+ Corporate and Commercial credit agreements, loan closing process and procedures, lending policies, compliance, and lending regulations.

+ Federal and State lending laws.

+ Loan servicing software packages

Skill in

+ Reviewing and interpreting commercial loan terms and documentation.

+ Verifying supporting documents for accuracy and completeness.

+ Gathering and compiling information into and from records and reports.

+ Identifying and resolving unusual transactions, interest accounting discrepancies and regulatory discrepancies.

+ Preparing spreadsheets and creating formulas.

+ Reconciling bank and general ledger accounts.

+ Operating standard office equipment and using required software applications to produce correspondence, electronic communication and maintain spreadsheets and databases.

Ability to

+ Identify and recommend changes to standard procedures as required by specific situations and circumstances.

+ Make moderately complex decisions.

+ Read, interpret, analyze, and apply information from legal loan documents.

+ Communicate effectively, both orally and in writing, with all organizational levels.

+ Solve moderate to complex system-related loan and accrual issues.

+ Organize, manage, and track multiple detailed tasks and assignments with frequently changing priorities in a fast-paced and deadline-driven work environment.

+ Establish and maintain effective working relationships.

+ Provide a high level of customer service.

Education

Bachelor’s: Accounting, Bachelor’s: Business Administration, Bachelor’s: Finance

Work Experience

General Experience - 7 to 12 months

Certifications

Travel

Less than 25%

Workstyle

Hybrid

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.

We expect our associates at all levels to:

• Grow professionally and inspire others to do the same

• Work with and through others to achieve desired outcomes

• Make prompt, pragmatic choices and act with the client in mind

• Take ownership and hold themselves and others accountable for delivering results that matter

• Contribute to the continuous evolution of the firm

At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.

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