Israel Discount Bank of New York, also known by its registered service mark, “IDB Bank”, is a full service commercial bank chartered by the State of New York and a member of the Federal Deposit Insurance Corporation (FDIC). Our liquidity and capital ratios are strong, and we are ranked by Crain’s New York Business as the 14th largest commercial bank in the New York area.  We are an Equal Opportunity Employer EOE/M/F/V/D.

The Direct Debt group services all bilateral loans or direct lending obligation of the Bank for the NY, CA and FL offices.  Direct lending is done out of the Corporate Lending Division, Real Estate, Installment Loans, International & Domestic Private Banking.  

• Process daily work in Loan IQ, which includes: review of incoming faxes, email, and mail, processing advances, repricings and rate changes, and interest, fee and principal payments to loans on direct, participated or syndicated deals.
• Responsible for matching incoming cash and ensuring release of outgoing cash for all transactions processed
• Obtain internal approval for advances and new borrowings as required.
• Ensure that Promissory or Grid Notes and other supporting documents are received, complete and fully executed, if not, follow-up with appropriate personnel in Lending.
• Interpret Credit Agreements, Amendments, Notes, Line Letters, etc. and update Loan IQ as indicated in the legal documents.
• Process origination fees and other closing costs.
• Communicate with internal lending officers and agent bank representatives on syndicated deals.
• Investigate and resolve customer inquiries and account discrepancies
• Reconciliation interest and fee discrepancies.
• Ensure that all work processed meets audit and compliance requirements.  
• Participate in department projects and initiatives as required.
• Assist in testing and implementation of system enhancements as required.
• Prepare and circulate departmental reports as assigned.
• Other duties as assigned. 
   

• Minimum  5 years loan operations experience
• Bachelor’s degree or equivalent education and related training
• Proficiency with Loan IQ
• Effective communication and interpersonal 
• Ability to work independently and also interact as part of a team
• Attention to detail
• Capable of managing multiple tasks
• Ability to identify, analyze, and resolve accounting related problems independently
• Technical skills to include Windows systems and Microsoft Office products (Outlook, Excel and Word)
   

Disclaimer

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

All your information will be kept confidential according to EEO guidelines.

Due to COVID-19, most of our employees are working remotely. We have implemented a virtual hiring process and continue to interview applicants by phone or video and are onboarding new hires remotely. We value the safety of our employees because we’re all in this together.

NO AGENCIES PLEASE.