Job Description
Our client, a leading financial institution, is seeking an experienced Direct Lending Loan Servicing Associate to oversee agency operations and loan administration processes. This pivotal role calls for a highly detail-oriented professional with extensive expertise in agency services, loan documentation, and portfolio management. The ideal candidate will bring strong analytical and leadership skills to ensure accuracy, compliance, and efficiency across all aspects of loan administration. This is a hybrid position based in New York, requiring three days per week in the office.
- Job Function
- Manage the closing of agency deals and ensure timely execution of loan transactions.
- Process daily activity events, including rollovers, funding requests, repayments, letters of credit, and rate changes.
- Submit daily transactions for approval and ensure compliance with internal policies.
- Analyze credit documentation and disseminate key credit write-ups.
- Oversee reconciliation of interest and fees related to agency loans.
- Match incoming cash in WIP and manage resolutions of un-reconciled funds and discrepancies.
- Job Requirements
- Bachelor’s degree in Finance, Accounting, Business, Economics, Mathematics, or closely related quantitative field from an accredited U.S. school (or equivalent).
- 3-10 years of relevant experience in loans administration.
- Strong Loan IQ skills.
- Experience with web-based systems (Intralinks, Clearpar and DebtDomain)
- Able to use MS-Office with advanced knowledge in Word, Excel, and Power Point.
Disclosure: The hourly rates and/or salaries listed may or may not reflect total compensation packages including bonus and fringe benefits, etc., nor are the advertisement(s) posted a guarantee of a certain compensation package for a position or bona fide offer of employment. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.
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