At Popular, we offer a wide variety of services and financial solutions to serve our communities in Puerto Rico, United States & Virgin Islands. 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.

Are you ready for a rewarding career?

Over 8,000 people in Puerto Rico, United States and Virgin Islands work at Popular.

Come and join our community!

General Description

  • Responsible for maintaining accurate and up-to-date records of loans performance. Support the fund's compliance requirements and collaborate with internal and external stakeholders. Manage borrower reporting, follow up on information, and resolve any discrepancies identified during the loan review process for the Private Capital Advisory group.

Essential Duties and Responsibilities

  • Responsible for overseeing the loan closing and disbursement process. Ensure the accurate and timely completion of closing checklists for new loans.

  • Manage borrower reporting. Verify the submission of regulatory documentation and compliance with all requirements established in the loan agreement.

  • In charge of ongoing monitoring and administration of portfolio companies, including performance analysis, reporting, and risk management.

  • Review loan agreements and financial statements to confirm that borrowers are meeting their obligations and financial covenants.

  • Follow up on pending information and address any discrepancies uncovered during the loan review process. Ensure with the operations and compliance area that all necessary documentation and regulatory requirements are met.

  • Verify the integrity of the loan’s collateral. Ensuring the collateral is adequately recorded. Verify that taxes and insurance are paid in a timely manner.

  • Assist with external and internal audits to ensure that all loan administration and compliance processes meet the established regulatory standards and internal governance protocols. Provide accurate and comprehensive documentation, responding to auditor inquiries. Implement corrective actions to enhance the fund's operational efficiency and regulatory compliance.

Supervisory Responsibilities:
This job has no supervisory responsibilities.

Education

  • Bachelor’s degree in Finance, Business Administration, or a related field.

Experience

  • At least 3-5 of relative experience in private equity, banking, or a related field. Experience in loan administration desirable.

Other Qualifications

  • Experience with financial analyses including data analyses and business case development.

  • Knowledge of compliance requirements, loan documentation, and reporting standards, highly desirable.

  • Knowledge of consumer lending industry.

  • Excellent skills in quantitative analysis.

  • Ability to evaluate economic indicators and the cost/ benefit of credit transactions.

  • High level of organization to establish priorities, simultaneously work with multiple tasks, and meet deadlines.

  • Excellent interpersonal and teamwork skills.

  • Leadership, self-motivation, and business improvement drive.

  • Ability to work in a dynamic and fast-paced environment.

  • Strong problem-solving skills and willingness to roll up one’s sleeves to get the job done.

  • Excellent written and verbal communication skills (Spanish and English).

  • Proficiency in the use of the following applications: Word, Power Point, Excel,

Values

Passion for PeopleSucceed TogetherOwn Every MomentBuild the Future

Additional Requirements

The information provided here is only a general guide as to the nature of the position and does not constitute an exact description of the goals, tasks, duties and responsibilities of the position. The specific details of each position are described in the employee’s performance evaluation.

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

If you have a disability and need assistance with the application process, please contact us [email protected]. 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.

As Puerto Rico’s leading financial institution, we reaffirm our commitment to always offer essential financial services and solutions for our customers, 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.

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Popular is an Equal Opportunity Employer

Learn more about us at www.popular.com and keep updated with our latest job postings at www.jobs.popular.com.

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