Associate, Loan Operations
About The Position
The Associate, Loan Operations manages a portfolio of loan transactions and supports loan closing, funding, booking, servicing, and related operations. The role requires organization, attention to detail, independence, and familiarity with commercial lending terminology. It is a hybrid position working 3–4 days per week from the Chicago office. The Associate reviews legal documents, maintains loan and asset records in Wall Street Office, processes advances and payments, coordinates settlement wires, invoices clients, reconciles cash, and responds to inquiries about loan balances and activity. The role also provides customer service to relevant parties, identifies potential loan performance concerns, supports Accounting and portfolio management teams, and handles special projects as requested.
Requirements
- At least 1 year of experience in banking or a 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; proficiency in processing is a plus.
- Bachelor’s degree in Accounting, Finance, or Business Administration is preferred.
- Experience in banking or a financial field is 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 to settle with participants and funding partners and ensure all members remain in sync.
- Invoice clients and create system notifications of activity.
- Keep required parties apprised of loan activity and provide excellent customer service.
- Assist with closing, funding, and booking new deal transactions.
- Respond to internal and external inquiries regarding loan balances, interest, fees, and expenses, as well as 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.
Benefits
- Full range of medical, financial, and/or other benefits, dependent on the position offered.
- 401(k) eligibility.
- Paid time off benefits, including vacation, sick time, and parental leave.
- Other elements and discretionary awards may be included in the total compensation package.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
