Commercial Banking Associate

Job Type

Full Time | Non Exempt

General Description

Performs daily monetary transactions for Corporate/ABL, Construction, Multifamily and New Market Tax Credit Loans Portfolio.

Essential Duties and Responsibilities

• Receive client's requests to prepare the transactions for validation, approval and posting.
• Use properly Excel formulas to complete the transactions.
• Prepare Corporate/ABL, Construction and Multifamily transactions, including but not limited to advances, payments, Accounts DR/CR, transfers between accounts, wire transfers, interest capitalization, and loan closings.
• Prepare monetary transactions for syndicated loans, in addition to billings and notices to client and other lenders.
• Analyze loan transaction histories to prepare modifications requests related to interest rates, billings and any other loan terms, if necessary.
• Prepare G/L accounting entries, billings and transactions for New Market Tax Credit Loans.
• Coordinate to process the transactions within the established period with minimum errors.
• Follow Up and confirm transactions are approved and posted on time.
• Prepare the daily accounting (G/L Entries) and create it in S4 application for posting.
• Verify next day that the transactions were posted correctly.
• Prepare the request for payment of invoices to Accounts Payable Unit.
• File the completed transactions in digital and/or hard copy form.
• Complete the transactions on time and with minimum error.
• Offer excellent service to internal and external clients.

Education

Bachelor's Degree In Business Administration or equivalent combination of education and related experience.
Note: Related experience refers to the professional background related to the responsibilities and skills required for the position.

Experience

At least two (2) years of related experience.

Additional Requirements

• Basic accounting knowledge, including accounting entries
• Strong written and verbal communication skills in Spanish (advanced) and English (basic)
• Proficiency in MS Office Excel and Word
• Excellent time management and coordination skills
• Teamwork-oriented
• Attention to detail
• Results-driven

Region Locations

Popular Center Building, 17th floor
San Juan, PR

Work Schedule

Hybrid work schedule
Monday to Friday- 8:00 am to 5:00 pm
Availability to work extended hours, holidays and weekends.

Values
1. Passion for People
3. Succeed Together
2. Own Every Moment
4. Build the Future

Important: The candidate must provide evidence of academic preparation or courses related to the job posting, if necessary.

Our hybrid work model benefit applies to certain positions and is subject to changes based on the organizational needs.

Applicants must be authorized to work for any employer in the United States. This position is not open to applicants who need visa sponsorship or transfer of visa sponsorship at this time.

ABOUT US

Popular is Puerto Rico's leading financial institution and have been evolving since it was founded over a century ago. From a small bank it has developed into a large corporation that offer a wide variety of services and financial solutions to our customers, with presence in the United States, the Caribbean and Latin America.

As employees, we are dedicated to making our customers dreams come true by offering financial solutions in each stage of their life. Our extensive trajectory demonstrates the resiliency and determination of our employees to innovate, reach for the right solutions and strongly support the communities we serve; therefore, we value their diverse skills, experiences and backgrounds.

We reaffirm our commitment to always offer essential financial services and solutions for our customers and communities, including during emergency situations and/or natural disasters. Popular's employees are considered essential workers, whose role is critical in the continuity of these important services even under such circumstances. By applying to this position, you acknowledge that Popular may require your services during and immediately after any such events.

If you have a disability or need more information about requesting an accommodation, please contact us at ******. This email inbox is monitored for such types of requests only. All information you provide will be kept confidential and will be used only to the extent required to provide needed exemptions or reasonable accommodations. Any other correspondence will not receive a response.

Are you ready for a rewarding career?

Popular is an Equal Opportunity Employer, including Disability/Vets
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