Commercial Loan Servicing Associate

Found in: Appcast Linkedin GBL C2 - 2 weeks ago


Boca Raton, United States Ascendo Resources Full time

We are seeking a highly motivated individual to join a Private Equity firm client of ours as a Loan Servicing Specialist. The ideal candidate must have experience and will be responsible for the following:

  • Initiate loan activity (funding, repricing, payments) as instructed by the client in accordance with the credit agreement(s)
  • Calculation and tracking of complex interest and fee accruals at various rate levels across changing lender distributions
  • Reconcile daily funding and payment activity to account for all daily cash transactions
  • Read and interpret complex legal credit agreements and related documentation, working with attorneys when applicable
  • Initiate and reconcile automated funds movement in accordance with client/lender instructions
  • Monitor and escalate past due principal, interest, and fees to ensure that the loan accounting system is accurate and provide clients timely and accurate voices
  • Maintenance of margin changes and proper communication to bank group
  • Provide information as requested by Clients, Business Partners, Middle Office, or Lenders

Requirements

  • 3+ years of experience in credit monitoring and analysis with an understanding of accounting principles, financial statements and income tax returns
  • Bachelor’s degree in Finance, Accounting, Economics or related field
  • Commercial lending or monitoring experience with a focus on small business loans
  • Ability to commute to Boca Raton as it is not a Remote role.


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