Job description
Warehouse Operations Associate
Job Number:
3234771
POSTING DATE: Mar 30, 2023
PRIMARY LOCATION: Americas-United States of America-Maryland-Baltimore
EDUCATION LEVEL: Bachelor's Degree
JOB: Other
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Associate
DESCRIPTION
FSL Operations supports Morgan Stanley's FID Secured Lending (FSL) Business and is responsible for the management, maintenance, and ongoing servicing of its warehouse and other credit facilities secured by collateral including mortgages, hard assets, and equity pledges. The team works with external clients as well as internal stakeholders across divisions (including the Business Unit deal team and asset management, Financial Controllers, Credit, and Legal) to support the business.
Core responsibilities of the role within FSL Operations include:
Core responsibilities of the role within FSL Operations include:
- Review of relevant credit and closing documentation to build out loan facilities in internal booking systems
- Daily loan servicing including borrowing/funding requests, settlement/paydown processing
- Collateral review and management: load and review of daily custodial reports; coordinate with external document custodian on exceptions.
- Borrowing base management: monitoring warehouse line expiration dates, advance limits and deficiencies; coordinate with client and Business Unit as needed. Where applicable, coordinate with Credit and Business Unit on temporary exceptions
- Daily review of exception/break reports and taking appropriate actions to resolve
- Preparation and distribution of periodic interest & fees invoices
- Fielding other ongoing/ad hoc inquiries/requests from clients
QUALIFICATIONS
Skills Required
Skills Desired
- Strong interpersonal, customer service, and supervisory skills
- Highly motivated self-starter with excellent prioritization and multi-tasking abilities.
- Ability to work in a fast paced environment, both independently and as part of a team.
- Demonstrate ability to learn quickly with strong flexibility in regard to the duties assigned and problem solving skills.
- Excellent verbal and written communication skills.
Skills Desired
- Knowledge in warehouse lending and collateral, or residential and consumer lending
- Knowledge of the secondary mortgage market, including involvement of government-sponsored enterprises (i.e. Freddie Mac, Fannie Mae)
Role is Hybrid and will require in office attendance 3 days/week. #LI-Hybrid
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
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