Sumitomo Mitsui Banking Corporation

Overview

This position will provide assistance and support to the Vice President, Loan Administration and/or Associate, Loan Administration to monitor and maintain relevant credit information of each customer within the Loan IQ application and GBR system.

This position is also responsible for all input functions of the Loan IQ system and the incumbent will also act as “Deal Administrator”. The position also requires good understanding of the technical aspects of drafting, reviewing of letters of credit, performance guarantees as the incumbent will be involved in the preparation and issuance of letters of credit by SMBC Canada Branch.

Responsibilities or Key Accountabilities:

• Verifies that all customer loan applications and transactions comply with policy and procedure and predetermined credit lines with advance understanding of all aspects of loan or deal administration functions (including all aspect of funding).
• Reviews and verifies credit applications in GBR (in-house credit monitoring system) and conducts end to end workflow in order to book and fund the deal in loan system (Loan LQ).
• Prepares and assists the Client, Relationship Managers in drafting and reviewing letters of credit and/or performance guarantees.
• Understanding on all loan documentation and briefs, ensuring that the terms and conditions contained in the documents comply with the approved credit facility prior to the disbursement of funds and during the life of the loan.
• Responsible to prepare Loan IQ input templates for new customers and/or deals and facilities and input set up to Loan IQ, as assigned; including both bilateral set up and participant bank set up as required.
• Prepare tickets for daily loan transactions and input into Loan IQ system.
• Responsible to reconcile interest and/or fee notices for bilateral, syndication facilities and settlement entries in Loan IQ system.
• Responsible for filing and other administrative duties, and data maintenance duties within the department as assigned.
• Ensures that the processes followed are in full compliance with all of the Bank’s policies and procedures, including Anti-Money Laundering policies, and the requirements of the relevant regulatory bodies as communicated by SMBCCB’s Compliance Department.

Job Specifications

Knowledge & Experience:

• Undergraduate degree or higher. High school diploma if candidate possesses relevant experience.
• Ability to interpret credit agreements, letters of credit and related documentation.
• Thorough knowledge letters of credit, performance guarantees terms and requirements/conditions such as ISP98 and UCP 600
• 3-5 years previous related corporate banking loan administration experience.

Skills:

• Good interpersonal (Team player), organizational and communication (verbal & written) skills.
• Good computer skills, especially in MS Excel and good keyboarding skills.
• Ability to set priorities and develop a work schedule to complete assigned tasks on timely basis.
• Business fluency in the English language.
• Computer Applications:
• Loan IQ, in-house credit application system (GBR), document management system (DMS), Covenant system, Microsoft Office including Word and Excel.

Working Conditions

Attention to details: Significant

Environment: Open office / Hybrid Work Model

About SMBC

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges. In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC Rail Services LLC, Manufacturers Bank, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd. SMBC provides reasonable accommodations for employees with disabilities consisted with applicable law. If you need reasonable accommodation during the application process, please let us know as SMBCCB_Accessibility_Canada@smbcgroup.com. SMBC is an EO employer – M/F/Disability