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FC
First Citizens Bank
Senior Operations Specialist (Syndication Commercial Loans) Hybrid
Entry-Level JobVerifiedNo experience needed
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Based on Virginia data
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What they do
A Financial Operations Specialist specializes in foreseeing or carrying out financial transactions or other routine operations that are influenced by compliance needs. Requires some knowledge of accounting, billing, customer service and contracts. Helps businesses and their customers resolve financial billing and reconciliation issues.
$69,048 / year median in Virginia
-4% projected decline
Job Description
Overview This is a hybrid role , with the expectation that work time will regularly take place inside and outside of a company office. We are looking for candidates who live within a commutable drivable distance to our offices in Charlotte SC, Danville VA, Phoenix AZ and Raleigh NC. The Senior Operations Specialist is responsible for post close loan administration of large syndicated cashflow participation deals, delivering multifaceted support services for our business partners. Responsibilities Loan servicing knowledge Contact person responsible for all ongoing daily activity and reconciliation issues associated with assigned portfolio of approximately 60-80 deals Monitor customer borrowings, payments, and rate setting activities Contact agents regarding maturing loans for renewal or repayment Process loans, deposits, commitment, and Letter of Credit facilities for cashflow deals Process any amendment transactions by updating Loan IQ, calculating applicable fees, and applying any associated fees and/or cost allocations Calculate quarterly and monthly fees and interest, reconciling amounts with agent banks Monitor and reconcile any past due, suspense or account receivable items, notifying account manager of any true delinquencies Process all trading activity on portfolio, preparing funding memos and standard bank confirmations when necessary Process customer audit confirmations in a timely manner Accountable to administer all loans in accordance with the terms of governing documents, relevant legislation, and company policy Support management with various inquiries and audits Qualifications Bachelor's Degree and 0 years of experience in Accounting or Finance OR High School Diploma or GED and 4 years of experience in Accounting or Finance.