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Inviting applications for the role of Management Trainee, Commercial lending
In this role, you would be responsible for reading and interpreting loan agreements (approx. 200-300 pages) and summarizing the key information like loan pricing, fees charged, loan amount, etc. and then validating it with the business software to ensure 100% accuracy of the system.
Responsibilities
Read, comprehend, and interpret complex loan and security agreements (200 – 300 Pages), other legal documentation as required, and approval documents/memos.
Review loan documents for accuracy compared to what was approved and resolve issues that arise.
Review complex disbursement authorizations/funds flow, identify inconsistencies within the funds flow, be aware of what forms of wire transfers ABL.
Understand all aspects of fee accounting, Loan IQ fee types, and transactions and their impact
Identify risks inherent in loan documentation/loan structure, implement appropriate controls (e.g., quarterly interest, unusual amortization schedules)
Identify appropriate team members within loan operations and other areas of ABL to affect the loan transaction and effectively coordinate and communicate with each deal team member as the transaction moves towards closing
Analyze borrowing base components/structure and propose the ‘best’ borrowing base structure given Loan IQ system environment for ease of ongoing monitoring
Structure and build the loan-on-Loan IQ as appropriate and based on respective loan documentation, seek advice where necessary for more complex transactions/structures
Coordinate closing and funding of transactions with deal team members such that loans are booked efficiently and with the proper sense of urgency for deadlines, this may include rigorously communicating clearly with ABL business partners and other loan operation areas.
Prepare loan checklists, update loan database, file loan documents/information post close
Follow-up and close outstanding issues related to the loan set-up including post-close issues identified by ABL Ops Risk Analyst.
Assist in ABL loan operations projects as needed, analyze existing processes and propose improvements where identified, and be willing to contribute wherever possible.
Qualifications we seek in you!
Minimum qualifications
Bachelor's degree in accounting/finance
Knowledge of the asset-based lending line of business, borrowing base concepts, and general knowledge of roles/responsibilities of syndications, origination, underwriting, portfolio, and field exam. Knowledge of loan documentation and willingness to gain a more in-depth understanding of legal documents and terminology. Knowledge of fee accounting. Knowledge of flood regulation.
Effective communication and customer service skills both internally and externally focused and verbal and written, speak up and proactively notifies deal team members on updates. Ability to formulate open-ended questions in either verbal or written format.
Knowledge of Loan IQ and Microsoft applications (Excel, Word PowerPoint)
Open to work in a night shift
Preferred qualification
Knowledge of Loan IQ and Microsoft applications (Excel, Word PowerPoint)
Genpact is an Equal Opportunity Employer and considers applicants for all positions without regard to race, color, religion or belief, sex, age, national origin, citizenship status, marital status, military/veteran status, genetic information, sexual orientation, gender identity, physical or mental disability or any other characteristic protected by applicable laws. Genpact is committed to creating a dynamic work environment that values diversity and inclusion, respect and integrity, customer focus, and innovation. For more information, visit www.genpact.com. Follow us on Twitter, Facebook, LinkedIn, and YouTube.
JobManagement Trainee
Primary LocationIndia-Jaipur
ScheduleFull-time
Education LevelBachelor's / Graduation / Equivalent
Job PostingDec 13, 2021, 12:34:47 AM
Unposting DateOngoing
Master Skills ListOperations
Job CategoryFull Time
