Loan Setup & Funding Associate-Asset Based Lending

🌍 Remote, USA 🎯 Full-time 🕐 Posted Recently

Job Description

About the position

    Responsibilities
  • Review loan documents for accuracy compared to internal credit reporting applications and operational conditions.
  • Analyze complex disbursement authorizations and funds flow, identifying inconsistencies and ensuring compliance with policies.
  • Evaluate fee accounting and Loan IQ fee types, understanding their impact on the firm's general ledger.
  • Propose optimal borrowing base structures for ongoing monitoring based on the firm's system environment.
  • Understand depository account structures and cash movements, including funds transfer agreements and corporate resolutions.
  • Coordinate closing and funding of transactions, ensuring loans are booked efficiently and deadlines are met.
  • Assist in loan operations projects, analyzing existing processes and proposing improvements.
    Requirements
  • 1 year of Syndicated Commercial loan experience.
  • Knowledge of loan documentation, fee accounting, and flood regulation.
  • Superior communication and customer service skills, both verbal and written.
  • Ability to work collaboratively in a team environment and build interpersonal relationships.
  • Demonstrated leadership qualities and willingness to take on additional responsibilities.
    Nice-to-haves
  • Bachelor's Degree in accounting, finance, or general business.
  • Knowledge of asset-based lending concepts and roles in syndications, originations, and underwriting.
  • Familiarity with Loan IQ or similar loan systems and Microsoft applications (Excel, Word, PowerPoint).
    Benefits
  • Hybrid work model with 3 days in-office and 2 days remote flexibility.

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