MUFG Union Bank Loan Operations Specialist I in Monterey Park, California
Join a financial group that’s as committed to your future as you are. At MUFG, we share a vision for our future, we share our successes, and we strive to bring out the best in each other in everything we do. Our 14,000 diverse colleagues are connected by a common ambition to create change for the better—from forging more dynamic career paths, to driving progress in our communities, to continuously reshaping the standards of global financial services. Positive impact starts here; see the change you can make as we strive to become the world’s most trusted financial group.
Perform moderately complex operational transactions for Commercial Lending, Syndications, Real Estate Construction and Asset Based Financing. Accurately process significant volumes and perform multiple tasks on a daily basis. Assist in controlling the Bank's risk exposure while providing premium customer service. Major Responsibilities: Perform loan accounting functions using multiple loan systems i.e. Real Estate Construction (RCL), Asset Based Lending (ABL) and the Automated Financial System (AFS). Interpret requests for boarding new and renewed loans and determine the structural hierarchy. Ensure modifications to codes are processed accurately to maintain optimum data integrity. Provide the Bank's liaisons and lenders information regarding the borrowers liability. Resolve accrual discrepancies. Determine if applicable the cause of deficient payments for interest, fees, and principal. Anticipate, plan and independently prioritize assignments to comply with the department's service level commitment. Perform steps to certify the Bank's general ledger to the loan accounting system. Analyze and monitor exception reports to avoid unnecessary bank exposure. Provide operational support to the unit in the absence of the supervisor. Ensure tasks performed meet regulatory requirements issued for Sarbanes-Oxley, FDICIA, Auditing and Bank policy.
Typically requires a high school diploma or G.E.D and 6 to 7 years of experience in technical experience. Excellent PC skills required especially Microsoft office and Excel. Excellent mathematical ability needed to perform multi-step calculations. Well-developed written and communication skills. Familiar with complex loan documentation and Bank policy. Must be capable of performing multiple tasks on a regular basis.
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
We are committed to leveraging the diverse backgrounds, perspectives and experiences of our workforce to create opportunities for our people and our business. Equal Opportunity Employer Minority/Female/Disability/Veterans.
Title: Loan Operations Specialist I
Location: CALIFORNIA-Monterey Park
Requisition ID: 10010552-WD