Maintain and administer Navient Education Loan Trusts based on underlying trust agreements
Prepare facility and trust reports, confirm payments with external counterparts, and initiate payments with paying agent banks
Coordinate with Structured Finance on loan purchase and sale schedules, supporting funding activity and communicating with the Cash Desk on related cash flow
Prepare advance borrowing and permitted release requests to conduit banks, including post-settlement reporting and wire payment for post-settlement funding
Verify trust cash activity, ensuring payment accuracy and resolving exceptions
Perform daily cash management functions, including bank balance reporting, presentment, and concentration reports
Process check requests from Accounts Payable, deposit checks using a remote scanner, and manage the Cash Management resource mailbox
Administer the opening and closing of bank accounts and prepare monthly bank analysis fees for multiple banks
Manage daily margin calls for corporate and trust swaps, including overseeing cleared swap movements
Monitor credit rate changes and assess their impact on collateral positions within ISDA contracts
Execute and reconcile scheduled payments, administer overrides, and prepare month-end reports for accounting and audit purposes
Ensure successful processing of daily bank files and review prior-day bank data for accuracy
Analyze daily cash positions, confirm investment and money market trades, and monitor cash inflows and outflows for Navient Corp
Work on special projects as assigned
Cross-train with team members for coverage and professional development
Requirements
Bachelor’s Degree
Business related field, preferably Finance
0-1 year of experience within the Business or Finance field required
Familiarity with Treasury operations and the banking industry is helpful
Strong analytical skills with the ability to make informed financial decisions
Proficiency in financial systems and tools
Excellent communication and interpersonal skills
Detail-oriented and capable of managing multiple tasks efficiently
Demonstrated ability to work independently and collaboratively in a team environment
Knowledge of relevant financial regulations and industry best practices.