The Loan Reconciliation and Reporting Analyst is a developing professional role. The analyst is expected to apply specialty knowledge and abide by policies and procedures to perform high-impact loan remediation activities. Activities will have a limited but direct impact on the business through the quality of the tasks/services provided. The analyst is expected to have a basic understanding of industry practices and disciplinary knowledge of the loans booking and servicing processes and to further develop such knowledge through experiential and structured experiences.
The Analyst must be able to exchange information in a concise and logical manner and be sensitive to audience diversity. Individual must be accountable, ethical, results oriented, trustworthy, and credible.
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
Responsibilities:
Review loan documentation while providing support to a variety of tasks related to the loan process.Independently reconcile and resolve priority remediation activities (e.g., cash breaks)Identify root cause for remediation prioritiesUnderstand the front-to-back processing of a loan for different loan businessPerform possible interactions with other counterparties around positions and outstanding balances/claimsSupport an expansive and/or diverse array of products (risk and control) servicesFollow established procedures to identify and resolve problems related to loan documentation/processing activities that require investigation or researchMake recommendations to management to support process improvementResolve problems by identifying and selecting solutions through the application of acquired technical experienceMake evaluative judgments based on the analysis of factual information and provide assistance in the implementation of loan documentation process improvementsMinimize risk to the bank through increased knowledge of procedural requirements - understand and monitor errors to suggest solutions to reduce errors and adhere to audit and control policies.Timely management and escalation of all requests and issues related to loan processingDemonstrate an intermediate level of understanding of products and processes and of how duties relate/integrate with others in the team and closely related teamsDemonstrate an excellent knowledge of Bank related systemsUtilize communication, diplomacy and interpersonal skills to interact with colleagues and stakeholders, and to exchange potentially complex/sensitive information, while sensitive to audience diversityAppropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparencyQualifications:
0-2 years of experienceBasic knowledge of Business Processes, Systems and Tools used in the Loan ProcessDemonstrate understanding of Loan Processes, Procedures, Products and ServicesGeneral awareness of managing, preparing, and reviewing loan documentationAble to identify, mitigate, manage, resolve, and escalate risks and issuesAwareness of risk types, policies and control measures and processesComply with applicable laws, rules, and regulations, and adhering to PoliciesEducation:
Bachelor’s/University degree------------------------------------------------------
Job Family Group:
Operations - Transaction Services------------------------------------------------------
Job Family:
Loan Documentation and Processing------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Primary Location:
New Castle Delaware United States------------------------------------------------------
Primary Location Full Time Salary Range:
$48,840.00 - $68,160.00
In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
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Anticipated Posting Close Date:
Jan 14, 2025------------------------------------------------------
Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.
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