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Staff Transaction Processing Consultant

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Oracle

1mo ago

  • Job
    Full-time
    Entry, Junior & Mid Level
  • Customer Relations
    Banking & Finance

AI generated summary

  • You need a commerce degree, 0.5-3 years experience, good communication and analytical skills, proficiency in MS Office, and must be flexible with night shifts. No ongoing courses or leaves for 3 months.
  • You will perform data entry, prepare and review loan documents, ensure compliance, process modifications, and support the lending team while tracking production progress.

Requirements

  • Preferably a Commerce Graduate – B. Com (H) and (P); BBA, BCA, Economics Graduates can also apply.
  • Engineering Graduates & candidates from IT background not eligible.
  • Good Communication skills / Comprehension skills
  • Good Listening skills
  • Eagerness to Learn and Improve
  • Open to work in Night shifts / Indian Holidays
  • Team Player
  • Total Experience Min: Yrs. 0.5 Max: Yrs. 3 Yrs
  • Relevant Experience Min: Yrs. 0.5 Max: Yrs. 3 Yrs
  • Proficiency in MS Office, IT support applications and other BPO related applications
  • Good Typing skills with high Accuracy levels (30-35 words per minute, Accuracy of 90-95%)
  • Good Analytical Skills / Problem Solving skills
  • Good Decision-making skills
  • Flexible with shift timings
  • A minimum of six months to one year of experience in US Commercial Lending or a Financial Services project
  • Experience in the loan department of a banking institution and an understanding of commercial loan products and services will be an added advantage
  • Must be willing to work night/rotational shifts.
  • No leave required for the next 3 months
  • Not pursuing any course, degree, or diploma that may interfere with work or cause shift issues

Responsibilities

  • Perform data entry across various platforms for accurate tracking and processing.
  • Prepare commercial loan documents within the bank’s portfolio to ensure adherence to lending regulations, lending compliance, and the bank’s credit policy.
  • Review prepared documents for accuracy and consistency with approval requirements.
  • Review collateral support documents such as title commitments.
  • Confirm appraisal and/or environmental reports are completed with appropriate review/sign off (subject to regulatory compliance).
  • Process, review and upload complete loan and collateral files to ensure that established standards are met, including compliance with federal regulations and adherence to Bank lending policy as well as ensuring that the Bank’s security interest is established, and our lien position is upheld.
  • Process all commercial loan modification requests which includes checking file for check-in & prepare documentation, renewal, deferral, modification.
  • Process and complete all commercial denial/fallout applications.
  • Provide support to Loan Officers/Lending Team to process the loan according to established policies, procedures and regulatory guidelines.
  • Ensure compliance with regulatory issues including but not limited to TRID, RESPA, FDPA, HMDA, HPML, and Regulation B.
  • Independently prioritize workflow to maximize production turn around and minimize administrative delinquencies.
  • Work stale dated loans in system for decline/withdraw completeness.
  • Maintain and update the Daily Production sheet to track progress and performance.

FAQs

What are the minimum and maximum experience requirements for this position?

The minimum experience required is 6 months, and the maximum is 3 years.

Is a specific educational background required for applicants?

Yes, preferably a Commerce Graduate such as B. Com (H) and (P), BBA, BCA, or Economics Graduates. Engineering graduates and candidates from an IT background are not eligible.

Are there any preferred skills or experiences for this role?

Yes, candidates with experience in commercial loan documentation, commercial real estate loans, commercial lending, or loan modifications will be preferred. A background in financial services is also encouraged.

What are the working hours for this position?

Candidates must be open to working night shifts and on Indian holidays.

What are the soft skills required for this job?

Required soft skills include good communication and comprehension skills, good listening skills, a strong eagerness to learn and improve, and the ability to work as a team player.

What technical skills are necessary for this role?

Proficiency in MS Office and IT support applications, good typing skills with high accuracy (30-35 words per minute at 90-95% accuracy), and strong analytical and problem-solving skills are necessary.

What is required regarding leave after joining the company?

Candidates must not require leave for the next 3 months after joining.

Is there a restriction on pursuing other educational courses while working in this position?

Yes, candidates must not be pursuing any course, degree, or diploma that may interfere with work or cause shift issues.

What are the job responsibilities for this position?

Responsibilities include performing data entry, preparing and reviewing commercial loan documents, ensuring compliance with regulations, processing loan modification requests, and providing support to Loan Officers and the Lending Team.

Will I receive training for this role?

The job description does not specify, but typically, companies provide training for new hires to familiarize them with processes and systems.

How does Oracle promote diversity and inclusion in the workplace?

Oracle is committed to expanding its inclusive workforce by promoting diverse insights and perspectives, ensuring that everyone’s voice is heard, and being an equal employment opportunity employer.

What type of benefits does Oracle offer to its employees?

Oracle offers a highly competitive suite of employee benefits, including flexible medical, life insurance, and retirement options, as well as volunteer programs to give back to communities.

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Oracle

Information Technology & Services

Technology
Industry
10,001+
Employees
1977
Founded Year

Mission & Purpose

We’re a cloud technology company that provides organizations around the world with computing infrastructure and software to help them innovate, unlock efficiencies and become more effective. We also created the world’s first – and only – autonomous database to help organize and secure our customers’ data. Oracle Cloud Infrastructure offers higher performance, security, and cost savings. It is designed so businesses can move workloads easily from on-premises systems to the cloud, and between cloud and on-premises and other clouds. Oracle Cloud applications provide business leaders with modern applications that help them innovate, attain sustainable growth, and become more resilient. The work we do is not only transforming the world of business--it's helping defend governments, and advance scientific and medical research. From nonprofits to companies of all sizes, millions of people use our tools to streamline supply chains, make HR more human, quickly pivot to a new financial plan, and connect data and people around the world. At work, we embrace diversity, encourage personal and professional growth, and celebrate a global team of passionate people developing innovative technologies that help people and companies tackle real-world problems head-on.