loan Operations OfficerSecurity Bank

The Role As a Loan Operations Officer, you will handle the implementation of Commercial Loan transactions, which includes (but is not limited to) timely and accurate processing and delivery of loan releases, payments, and after-sales services in acco The Role As a Loan Operations Officer , you will handle the implementation of Commercial Loan transactions, which includes (but is not limited to) timely and accurate processing and delivery of loan releases, payments, and after-sales services in accordance with the approved terms & conditions, bank policies, procedures, accepted accounting principles, regulations of Bangko Sentral and other government agencies. How you'll contribute Maintain and affirm that both general and subsidiary ledgers are matched thru proper review, balancing, and monitoring in coordination with sales, branches, MIS, and FINCON to ensure that daily transactions are properly accounted for and prevent audit exceptions. Ascertain Promissory Notes and other pertinent loan documents are notarized and transmitted to Custodian and concerned Units within the agreed turn-around-time (TAT) to comply with SLA Prepare and provide accurate and timely submission of internal, external reports and loan balances reports thru check and balance and observing maker-checker control to comply with the set SLAs and deadlines Update the specimen signature cards (SSC) by requesting updated SSC to Lending Units or Branches as the need arises. Discuss to the Sales Officers, Relationship Managers, and Marketing Team Heads loan issues encountered loan booking and payment processing to ensure that the transaction will still be processed as expected. Ascertain completeness of documents submitted by ensuring that these are free from any alterations or defects in accordance with the approved terms and conditions. Prepare and encode loan release, extensions, payments, and repricing in the Retail Lending system (RL) to record loan transactions. Verify maturing Post Dated Check/s (PDCs) against actual PDCs received from the Custodian to ensure that these are sent for clearing within the set cut-off. Handle issuance of Official receipt on a per request basis for check payment received. Reconcile and analyze float items affecting loan transactions by checking the postings by end of the day to ensure those discrepancies noted are adjusted within the day. Prepare extension record by accomplishing the extension grid of the Promissory note to update the client's loan account. Monitor and ensure Promissory notes of fully paid loans are stamp "Paid" accordingly in compliance with bank guidelines. Monitor proper classification and booking of accounts from Current to Past due/NPL/ITL and Past due to Current on a regular basis in compliance with BSP regulations on loans. Post and verify Factored invoices via IWRS Factoring facility ensuring completeness and accuracy. Review and validate the request for SBM Leasing loan release by checking the Availment sheet against the terms and conditions of the credit proposal to determine if in accordance with the approved credit facility. Act as an alternate or additional processor by performing additional tasks such as (but not limited to) processing of loan transactions to increase scalability and avoid delay. Train newly onboarded employees on the loan processes, enterprise systems, and organizational culture for them to be fully equipped at the beginning of their career in Security Bank. Gather and analyze relevant loan information to ensure that Current and Past-Due Accounts for the creation of SOA to be computed are properly accounted for given the prescribed period. Identify the weaknesses in the loan processes and formulate recommendations to enhance processes and improve their efficiency and effectiveness at work. Check data encoded in the RL system for loan release, extension, payments, and repricing by ensuring accuracy and completeness to avoid possible errors resulting in financial loss. Ensure completeness, accuracy, and validity of instructions including the attached documents by reviewing approved booking or payment instructions based on existing policy and guidelines to mitigate risks, avoid losses and guarantee the correctness of processed transactions. Execute efficient and proper loan processing by ensuring that all transactions received for the day are processed and encoded in the Retail Lending system to comply with established Bank policies and government regulations including agreed Service level of Agreement (SLA) and Turn-Around-Time (TAT). Prepare Statement of accounts, application of payments, and loan certifications ensuring completeness and accuracy to comply with SLA. Adapt quickly to the changing BSP Guidelines on loan transactions to ensure that loan transactions have integrity thus avoid potential regulatory and financial issues. What we're looking for Bachelor's Degree in Business Studies/Administration/Management, Commerce, Finance/Accountancy/Banking, or any related field Have at least 2 years experience in Accounting/Audit/Tax Services, Banking, Credit Card Companies Knowledgeable in Lending Products and Operations Knowledgeable in Microsoft Office Applications Good written and oral communication. Good analytical ability. Proactive and possesses a continuous improvement mindset.
Monster

Philippines
Permanent
Full-time