Manager, Specialized Loan Servicing Job Listing at Valley Bank in St. Petersburg, FL (Job ID 26-308)

Description

Responsibilities include but are not limited to:

• Key point of contact with internal and external stakeholders for Specialized (Syndicated, Participated, and Swapped loans).
• Daily leadership of Specialized Team on life of loan transactions, such as rate changes, maintenance transactions, and booking commitments to ensure loan systems (e.g. IBS, PLM) are up-to-date and in sync.
• Support the Department Head, Specialized Loan Servicing in adherence to OCC Heightened Standards and coordination with Operational Risk Management team.
• Document procedures to be reviewed and updated periodically.
• Key point of contact in discussions with Internal and External Audit
• Oversight of all GL suspense accounts used, Loan Control GL, and firm grasp of how the loan system (IBS) interacts with the General Ledger.
• Oversight of key vendor (SS-C) to ensure appropriate reflection of loan terms and structure of deals with partner banks.
• Interpret and translate loan documents into Valley's booking systems, where rquired.
• Review and approve new deal set-ups on outside vendor platform prior to activation on that platform.
• Establish excellent communication with business lines (e.g. Healthcare, CRE, C-I) to set expectations and follow through to meet those expectations.
• Provide expertise on required cash flows, including stub interest calculations on loan closings.
• Coordinate with team to ensure timely cash flows between borrower, Valley, and partner banks on advances, paydowns, and payoffs.
• Provide daily updates to team to ensure coverage of all deals and follow-up on responsibilities assigned to team members.
• Review and approve Wire Transfer Requests prepared by Specialized Loan Servicing team.