Operations Support Level 1
Duration: 6 Months
Pay Rate: $16.47
Work Location: 1300 Thames Street Baltimore, Maryland 21230
Top 3 Skills: Attention to detail, working in fast past environment, multi-tasking.
The successful candidate will have 1-4 years experience in the financial services or investment banking industry. Requires a 4 year college degree and an interest in career development.
FSL Operations supports client’s FID Secured Lending Business and is responsible for the management, maintenance, and ongoing servicing of its warehouse credit facilities. The team works with external clients as well as internal stakeholders across divisions (including the Business Unit deal team and asset management, Financial Controllers, Credit, and Legal) to support the business. Core responsibilities of the role within FSL Operations include:
- Daily loan servicing including borrowing/funding requests, settlement/paydown processing
- Collateral review and management: load and review of daily custodial reports; coordinate with external document custodian on exceptions. Execution of collateral releases for the shipment of loan documents to investors purchasing loans off the warehouse line.
- Borrowing base management: monitoring warehouse line expiration dates, advance limits and deficiencies; coordinate with client and Business Unit as needed. Where applicable, coordinate with Credit and Business Unit on temporary exceptions
- Daily review of exception/break reports and taking appropriate actions to resolve
- Preparation and distribution of periodic interest & fees invoices
- Fielding other ongoing/ad hoc inquiries/requests from clients.
- Strong prioritization and multi-tasking abilities
- Ability to work in a fast paced environment, both independently and as part of a team.
- Strong verbal and written communication skills
- Previous experience in financial services operations, in particular knowledge of warehouse lending and collateral, or residential and consumer lending
- Knowledge of the secondary mortgage market, including involvement of government-sponsored enterprises (i.e. Freddie Mac, Fannie Mae)