Review Vacancy
Date Posted: 09/07/18
Applications Due: 10/08/18
Vacancy ID: 58756
Position Information
AgencyEmpire State Development, NYS
TitleLoan Administrator (Ref# SJ017)
Occupational CategoryFinancial, Accounting, Auditing
Salary GradeNS
Bargaining UnitNone listed
Salary RangeFrom $45000 to $50000 Annually
Employment Type Full-Time
Appointment Type Permanent
Jurisdictional Class Non-competitive Class
Travel Percentage 0%
Schedule
Workweek Mon-Fri
Hours Per Week 37.5
Workday
From 9 AM
To 5:30 PM
Flextime allowed? No
Mandatory overtime? No
Compressed workweek allowed? No
Telecommuting allowed? No
Location
County New York
Street Address 633 Third Avenue
City New York
StateNY
Zip Code10017
Job Specifics
Minimum Qualifications EDUCATION & REQUIREMENTS:
Education Level required: Bachelor's degree.
Relevant experience required: 2+ years of loan administration experience working with corporate loan accounting and billing systems.
Knowledge required: Must have solid working knowledge of how loans operate, understanding of legal documents (Notes, Mortgages, Assignments, etc.) and ability to create and modify loan amortization schedules.
Duties Description Basic Function: Monitoring and servicing ESD’s loan portfolio through the ABS system. Maintaining and updating ESD’s Employment Database. Working with ESD Treasury and Controller’s departments and providing them with daily, weekly or monthly reports.
Work Performed:
•Monitor and maintain ESD’s loan portfolio through the ABS system;
•Generate and process billing for the JDA and UDC loan portfolio;
•Serve as the primary contact for borrower and grantee account inquires, and provide quality customer service;
•Process Cash Receipts (ie, Lockbox and ACH) and apply payments to update each borrower’s account;
•Run daily reports and reconcile balances;
•Generate loan payoff and satisfaction letters;
•Create new project profile in ESD’s Employment Database and keep track of grant repayments;
•Obtain and maintain JDA employment records;
•Maintain various reports and provide copies upon request;
•Reconcile and resolve loan balance and payment issues with Accounting and Treasury departments;
•Provide monthly cash receipt activity to the Accounting department for month and G/L entries;
•Prepare report for the Treasury department indicating which funds are received in lockbox and to which accounts the funds should be transferred to;
•Provide monthly ACH reports to the Treasury department to debit JDA borrower’s bank account; and
•Assist ESD attorneys with satisfaction and assignments of mortgages, borrower insurance policy issues, loan repayments, and file management
Additional Comments -Salary starting at specified amount
-Comprehensive benefits package.
We are an equal opportunity employer with a commitment to diversity.
Some positions may require additional credentials or a background check to verify your identity.
Contact Information
Name Shawn Bryant
Telephone N/A
Fax N/A
Email Address Resumes@esd.ny.gov
Address
Street 633 Third Avenue
City New York
State NY
Zip Code 10017
Notes on Applyingsubmit resume to the email provided, indicating job title and Ref # in the subject line
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