Internship - Loan Closing Specialist
Societe Generale
Responsibilities
Please note this is a 40 hour a week requirement. This a six-to-twelve-month program with the potential to be hired full time.
Global Banking and Advisory (GLBA) combines a recognized wholesale coverage with world-class products, financing and advisory expertise.
Central to supporting GLBA’s Front Officers, the Loan Closing Team analyzes legal documentation, mode deals in the information system (LoanIQ) and closes deals across the various businesses for the New York branch of SOCIETE GENERALE.
As an individual contributor, the Structured Loans Closing Specialist Intern will have the following responsibilities:
· Review of credit application/approval and loan documentation in preparation for loan closings to ensure proper loan documentation for all facilities reflecting structure of deal as presented in credit application
· Ensure compliance with credit approval and bank credit policy
· Interaction with Loan Officers, Operations, customers, other banks, &/or legal counsel to gather all pertinent information in advance of loan closings
· Set up and maintenance of customer, deal, and facility information in LoanIQ – ensure accuracy of system information (accurately reflects structure of deal)
· Coordinate initial funding requirements including verification of standard settlement instructions (SSI).
· Management and application of fees (upfront fees, agency fees, commitment fees, and facility fees) based on information provided by BU and accounting policy.
· Ensure data quality; review, investigate and resolve all anomalies.
· Prepare KPI reports for Management.
· Execute and publish control reports.
· Complete special projects as assigned.
