Job Summary
The Loan Operations department is responsible for the management and execution of thousands of Corporate & Syndicated Loan transactions daily. Responsibilities include trade processing & confirmation, settlement, fail management, risk management, and client service. The operations professionals help build and support the commercial loan products, processes and services in ways that improve efficiency and quality, while seeking new and innovative ways to support our clients’ changing needs.
Key Result Areas (KRAs)
· Possesses a comprehensive understanding of C&I & Wholesale loans line of businesses which include syndicated and bilateral arrangements
· Experienced in reviewing loan & support documents, updating deal parameters on loan systems, tracking & performing all deal activities, and providing overall support for the assigned loan portfolio.
· Activities include processing of C&I & Wholesale loans line of businesses which include syndicated and bilateral arrangements covering account maintenance, payments & servicing, loan trading, and agency functions.
· Perform reconciliations for the assigned portfolio. Recon includes investigating and resolving the cash breaks and position breaks.
· Completion of loans assigned my team leads make sure no SLA misses and focus on productivity and quality.
Experience
· Knowledge of commercial loan documentation. Ability to review commercial Lending documents such as loan agreement, notes, guaranties, and security documents for accuracy and agreement with approved terms
· Knowledge of commercial Lending products
· Knowledge of credit and commercial loan systems.
· Good verbal, written and organizational skills
· Detail oriented with ability to multi task and prioritize and work in a team based environment
Qualification:
· Bachelor’s degree in commerce, Finance & accounting
· 2-4 years of relevant Experience in commercial/wholesale lending, loan syndication & bi-laterals
· Experience with LoanIQ platform is added advantage
About Cognizant:
Cognizant (Nasdaq: CTSH) is an AI Builder and technology services provider, bridging the gap between AI investment and enterprise value by building full-stack AI solutions for our clients. Our deep industry, process and engineering expertise enables us to build an organization’s unique context into technology systems that amplify human potential, drive tangible outcomes and keep global enterprises ahead in a fast-changing world. See how at cognizant.ai or @cognizant.
Additional employment information
Compensation information is accurate as of the date of this posting. Cognizant reserves the right to modify this information at any time, subject to applicable law.
Language requirements vary depending on roles, but we ask that all candidates have basic English proficiency for company-wide communications purposes. For roles based in Quebec, professional English proficiency is required, as you’ll deliver services to and collaborate with stakeholders outside the province who may not speak French.
Cognizant is an equal opportunity employer. Your application and candidacy will not be considered based on race, color, sex, religion, creed, sexual orientation, gender identity, national origin, disability, genetic information, pregnancy, veteran status or any other characteristic protected by federal, provincial or local laws.
If you have a disability that requires reasonable accommodation to search for a job opening or submit an application, please email [email protected] with your request and contact information.
