Location
Trenton, NJ | United States
Job description
We are hiring a Compliance Officer for one of our clients in Trenton, NJ .
Job Description:
- Evaluates, reviews and processes disbursement requests on NJ ZIP, NJ Ignite and other grant programs.
- Monitors loan payment delinquencies and works with customers to collect payments as needed, as well as to resolve administrative payment issues.
- Tracks required reporting and compliance monitoring for business loans and grants, including but not limited to employment reporting, financial statement collection and other reports in CRM. Follows up as appropriate including sending notices, default letters, and working with customers to cure deficiencies when possible. Creates compliance exception records in CRM, independently manages follow up and working with assigned officer or manager toward resolutions. Prepares periodic reporting etc. as requested.
- Evaluates and approves forgiveness of eligible products when appropriate according to program criteria of the Micro Business loan portfolio, including verifying continued operation/existence and [completing the product end process.]
- Handles loan registrations for the CDFI loan loss guarantee program. Evaluates requests for payment against program requirements and works with the product Servicing Officers and/or SLM officers to process guarantee pay outs as needed.
- Completes new product reviews
- Co-ordinates documentation of loan modification requests, including loan maturity renewals, subordinations, consent to additional debt etc. Ensures loan documentation is amended accurately and promptly.
- Identifies deteriorating credits, sends default letters, involves Special Loan Management officers and processing product transfers to Special Loan Management promptly as needed.
- Maintains complete and up to date customer/project files, in EDA's document management systems
- Promotes teamwork and communication to encourage and interactive, cooperative, collaborative and customer focused work environment among division, EDA staff and external customers.
- Must complete annual and semiannual self-assessment as required.
- Performs other duties or special projects, as assigned.
Skills required:
- Ability to read, understand and interpret loan/guarantee documents.
- Ability to communicate effectively both verbally and in writing; proficient in grammar, spelling and editing; and foster effective communications with business professionals and EDA staff
- Ability to prioritize workload, must be highly organized, detail-oriented, handle various tasks simultaneously and work independently within limited time constraints with little or no supervision
- Collaboration with team members
- Must be able to maintain confidentiality and deal effectively and diplomatically with business professionals and EDA staff
- Demonstrates respectful behavior and promotes teamwork and communication to encourage an interactive, cooperative, collaborative and customer focused work environment among division, EDA staff and external customers
- Proficient in Microsoft Office Suite, CRM; Moody's KMV and Enable; possess the ability to learn new software packages quickly.
- MS Excel, MS Word
- Microsoft Outlook Microsoft Teams
- Microsoft Dynamics 365 Adobe
Education, and experience required:
- Bachelor's Degree in Business, Accounting, Economic Development, or related field and/or equivalent professional experience
- Two to five years of job-related work experience
Work hours:
- 9 to 5
- lunch period: 1 hour unpaid (between 12 pm and 2 pm).
Additional information:
- Work from Remote or office: Remote
About Us:
We are specialized in recruiting and deliver the best professional talent of industry and we are committed to deliver best experience for our clients and job seekers. With over two decades of experience in the recruitment industry, we proudly help you to find the next job that matches your professional skills. Our team understands your needs or requirement before starting the recruitment, that enables to find the high quality of talent with high success rate of talent delivery, keeps us continue to be the best in the industry. By responding to this job posting, you are consenting to receive text/SMS messages from us. Thank you.
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