Associate, Loan Operations

Monroe Capital•Chicago, IL

1d•Hybrid

About The Position

The Associate, Loan Operations manages a portfolio of loan transactions and supports the loan operations team. The role reviews legal documents, maintains loan assets and records, processes transactions, supports new deal closings and funding, and provides information and service to internal and external parties. This is a hybrid position working 3–4 days per week from the firm’s Chicago office. The position works with loan and cash activity across various funds, coordinates settlements with participants and funding partners, and assists the Accounting Department with reconciliation questions. It also involves identifying potential loan performance concerns and communicating them to the portfolio management team. The role may include special projects and duties beyond normal responsibilities as needed. The expected base salary range is $65,000–$85,000. The total compensation package may include discretionary awards and benefits, such as medical, financial, and other benefits, 401(k) eligibility, and paid time off including vacation, sick time, and parental leave. Benefit-plan participation details are provided if an offer is made.

Requirements

At least 1 year of experience in the banking or financial field is preferred.
Strong work ethic.
Ability to work independently and in a team environment.
Good written and verbal communication skills.
Ability to interface with numerous constituents at various levels.
Self-starter with a positive attitude and the ability to work independently and conscientiously.
Proficiency with Microsoft Office products.
Ability to multitask and balance many responsibilities simultaneously.

Nice To Haves

Familiarity with the Wall Street Office loan system and proficiency in processing.
Bachelor’s degree in Accounting, Finance, or Business Administration preferred.

Responsibilities

Review legal documents and extract relevant information.
Set up and maintain assets for various funds in Wall Street Office.
Manage a portfolio of deals.
Post customer advances, payments, and loan contract continuances, completing daily work accurately and on time.
Enter wires for settlement with participants and funding partners and keep all members in sync.
Invoice clients and create system notifications of activity.
Keep required parties informed of loan activity and provide excellent customer service.
Assist with the closing, funding, and booking of new deal transactions.
Respond to internal and external inquiries about loan balances, interest, fees, and expenses, and handle ad-hoc requests.
Identify loan performance concerns proactively and communicate them to the portfolio management team.
Perform daily cash reconciliation.
Assist the Accounting Department with questions regarding reconciliation of cash and loan position activity.
Complete special projects upon request and other duties as needed.