Loan Specialist
6 days ago
Key Responsibilities:
- Initiate loan activity (fundings, repricings, payments) as instructed by the client in accordance with credit agreements
- 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 invoices
- Maintenance of margin changes and proper communication to bank group
- Provide information as requested by Clients, Business Partners, Middle Office, or Lenders
- Monitor control reports updating applicable comments
- Assist with any administrative tasks associated with the terms of a Credit Agreement
- Perform quality control on new deals, restructures and amendments by thoroughly understanding the credit agreement verifying system set up accuracy
- Back up co-workers, work with various special projects or other tasks as assigned
Requirements:
- Undergraduate degree is strongly preferred but related job and industry experience can be accepted as a substitute (3+ years)
- Solid working knowledge of Microsoft Office applications (i.e. Excel, Word and PowerPoint)
- Must have experience reading and interpreting syndicated loan documentation or related experience supporting syndicated loans and using LoanIQ
- Ability to manage concurrent assignments in an effective, efficient and organized manner
- Ability to work independently within a team environment
- Excellent oral and written communications skills and strong interpersonal/client servicing skills
- Strong analytical, problem solving and judgment skills
- Flexible working schedule with some overtime required
What We Offer:
- Major medical, dental, vision, 401k and any statutory sick pay where required for temporary assignments lasting 13 weeks or longer
- Commitment to working with and providing reasonable accommodations to individuals with disabilities
- Participation in the E-Verify program in certain locations as required by law
- Consideration of qualified applicants regardless of criminal histories, consistent with legal requirements
How to Apply:
Please submit your application to us, and we will review it carefully. We look forward to hearing from you.
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