Loan IQ Specialist – Finastra Loan IQ, Commercial Lending & Loan Servicing
Role Summary
• Manage and support the Finastra Loan IQ (LIQ) platform used for commercial lending, syndicated loans, and corporate banking operations.
• Work closely with front office, middle office, and back office banking teams to ensure accurate loan processing, servicing, and reporting.
Key Responsibilities
Loan Processing & Servicing
• Manage end-to-end loan lifecycle activities in Loan IQ, including:
• Deal setup
• Drawdowns
• Rollovers
• Payments
• Closures
• Handle syndicated loans, bilateral loans, revolving credit facilities, and term loans.
• Perform interest calculations, fee processing, and accruals.
• Monitor loan amendments, restructures, and paydowns.
Operations & Reconciliation
• Ensure accurate trade capture, settlements, and reconciliations.
• Investigate and resolve breaks and exceptions in loan transactions.
• Perform daily, weekly, and monthly reconciliations.
• Maintain data integrity within the Loan IQ system.
System Support & Configuration
• Provide Loan IQ application support for users across banking operations.
• Configure loan products, pricing, events, and workflows.
• Participate in system upgrades, testing (UAT), and releases.
• Liaise with IT teams and Finastra vendors for issue resolution.
Stakeholder Collaboration
• Collaborate with:
• Relationship Managers
• Credit Teams
• Treasury
• Compliance Teams
• Support client servicing and reporting requirements.
• Coordinate with global teams across US, EMEA, and APAC regions.
Regulatory & Reporting
• Ensure adherence to banking regulations and compliance standards.
• Generate reports for risk, audit, and regulatory requirements.
• Support SOX controls, internal audits, and external audits.
Required Skills
Loan IQ Skills
• Strong experience with Finastra Loan IQ platform.
• Knowledge of:
• Deal setup and facility structures
• Drawdowns, rollovers, and repayments
• Interest, fees, and accruals
• Agency and servicing functions
Banking & Domain Knowledge
• Strong understanding of:
• Corporate lending
• Syndicated lending
• Capital markets operations
• Loan lifecycle management
• Familiarity with:
• LIBOR/SOFR transitions
• Credit agreements
• Loan covenants
Technical Skills
• SQL and data querying experience preferred.
• Advanced Excel skills, including:
• Pivot tables
• Reconciliation activities
• Experience with banking system integrations and APIs is preferred.
Soft Skills
• Strong analytical and problem-solving skills.
• High attention to detail and accuracy.
• Strong communication skills with business stakeholders.
• Ability to work in high-pressure banking environments.
Qualifications
• Bachelor’s degree in Finance, Commerce, Business, or Technology.
• 3–10+ years of experience in:
• Banking operations
• Loan servicing
• Capital markets
• Corporate lending
Preferred Experience
• Experience working with top-tier banking institutions.
• Exposure to global markets, including US loans and LSTA standards.
• Knowledge of Agile and project delivery environments.
