Job Description, Responsibilities & Requirements
About the Position
Deal Administrator - Trade Finance
We are seeking a Deal Administrator with detailed knowledge of Receivables and Supply Chain Finance administration, along with experience in Loan Administration, including investigation and reconciliation. The Deal Administrator will handle Trade Finance transactions and daily workflow, booking of loan receivables, reporting, billing, document checking, and payments, with all transactions captured on the Loan IQ Lending platform.
Responsibilities include administering a diversified loan portfolio, analyzing agreements, loan terms and structures, and maintaining loans within our core system performing regular audits, and reconciling interest and fees on a significant backlog.
The role requires skills in reviewing and interpreting commercial loan terms and documentation, resolving discrepancies, and preparing spreadsheets as necessary. The candidate must be able to identify and recommend changes to standard procedures based on specific situations, solve moderate to complex issues, and communicate effectively both verbally and in writing.
Responsibilities
- Support the day-to-day operations of a large dataset of Receivables and Supply Chain loans
- Process receivables and incoming payments in compliance with financial policies and procedures
- Perform day-to-day financial transactions, including verifying, classifying, computing, posting, and recording accounts receivables' data
- Prepare bills, invoices as needed
- Reconcile the accounts receivable ledger to ensure all payments are accounted for and properly posted
- Facilitate payment of invoices due by sending bill reminders and contacting clients
- Generate weekly aging reports and resolve outstanding payment issues
- Maintain accurate records and documentation for all transactions
- Collaborate with other departments to ensure smooth financial operations
- Manage daily activity on existing Trade Finance transactions
- Reconcile discrepancies among interest and fees
- Monitor daily loan repricing activity and chase Agent as needed
- Monitor commitment limits and expiration dates
- Monitor daily cash flow and process transactions timely
- Assist Manager in any special projects as needed
Requirements
- Bachelor’s degree in Finance, Accounting, Business, Economics, Mathematics, or closely-related quantitative field from an accredited U.S. school (or equivalent)
- 4+ years of relevant experience in Receivable Finance and Supply Chain Finance
- Loan IQ experience is preferred
- Experience and familiarity with Trade Finance agreements and other related loan documentation
- Strong problem-solving and analytical skills
- Strong focus on controls, procedures, quality, accuracy, and detail-oriented
- Self-motivated, confident, and committed to the company goals
- Able to use MS-Office with advanced knowledge in Word, Excel, and PowerPoint
- Capable of functioning under stressful conditions
- Ability to multitask
- Flexible and learning capacity to adapt to ongoing changes
- Client service-oriented
We Offer
- Competitive salary range: $80,000 - $102,000
- Participation in a discretionary bonus program
- Comprehensive health benefits
- Generous 401k savings plan
- Competitive PTO
- Adoption, surrogacy, and fertility services
- Student debt assistance
- Subsidies for expenses associated with commuting and fitness
About the Company
In Americas, ING’s Wholesale Banking division offers a broad range of innovative financial products and services to domestic and international corporate and institutional clients. When you come to work at ING, you’re joining a team where individuality isn’t just accepted, it’s encouraged. We’ve built a culture that’s fun, friendly, and supportive – it’s the kind of place where you can be yourself and make the most of whatever you have to offer.
We give people the freedom to take risks, think differently, take ownership of their work, and make great things happen. We’re here to help you get ahead. And with our global network, there’s plenty of scope to take your career in new directions, perhaps even ones you’ve never considered. ING Americas follows a hybrid work model, allowing for in-office / work-from-home flexibility. Hybrid work arrangements vary based on business area.
Sound like the kind of place you’d feel at home? We’d love to hear from you.
ING is a committed equal opportunity employer. We welcome applicants of diverse backgrounds and hire without regard to race, gender, religion, national origin, citizenship, disability, age, sexual orientation, or any other characteristic protected by law. We celebrate these differences and rely upon your unique perspective to innovate and seize new opportunities. Come as you are.