Special Loans Coordinator

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Special Loans Coordinator
Responsibilities: Work to move loans from manual loan payment to auto debit, adopt new legal expense payment processes via CounselLink, etc.). Investigate existing Real Estate (RE) Tax monitoring services currently utilized by Leumi, then design and implement this monitoring service for SLD accounts with RE exposure. Document policies/procedures for assigned duties Prepare General Ledger (G/L) ticket to deposit checks usually related to loan payments. Monitor deposits and apply loan payments (by check, wire, demand deposit account (DDA) deposit, funds in transit) using the loan, DDA and G/L systems. Coordinate with Loan Operations on the payment application of various loans. Monitor daily Overdraft reports and work with client and Service & Delivery (S&D) to investigate opportunities for resolution (e.g. transfer of monies to/from affiliated accounts) and/or confirm client has insufficient funds to cover to assist Officer with decision on Pay/Reject – Charge/No Charge. Provide supporting information/documentation/calculations on various loan balances when requested for payoffs and other required reporting for legal considerations Handle daily reporting of Baver group DDA balances and transactions. Monitor the balances in the Department’s General Ledger accounts – Items in Suspense, Attorney Expense, and Loan Recovery Expense. Process and maintain records of legal and loan recovery expenses. Prepare monthly zero bank balance reconciliations for collection and suspense accounts, coordinate and inventory documentation and file transfers from Regional Business Lines, manage legal and loan recovery expenses processing and reporting, track and report expense accruals and other reports, budgets, etc. as requested. Maintain and file loan documents, including credit files and other types of filing system. As required, have direct client contact to resolve identified issues around collateral insurance coverage (e.g. contact client and obtain evidence of renewal for insurance coverage certificates). Archive and maintain records of archived and other types of documents Monitors new loans, extensions, modifications and other loan related status changes in the loan provide credit files, loan documents, and information required by the loan examiners. Prepare package for loan bookings, input quarterly reserves to IBS, preparation of yearly budget etc. Support staff with sundry administrative office duties, including making copies, supply ordering, handling required client/legal related mailings (FedX, certified receipt), to assist with Divisional reporting on various matters, as needed.

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