Cash Operations Analyst - ABL Servicing

NEWITY LLC•Chicago, IL

10d•$65,000 - $85,000

About The Position

NEWITY is seeking a Cash Operations Analyst to manage processing for its asset-based lending (ABL) portfolio. The role combines loan servicing and cash operations, including reviewing borrower base submissions, managing collections and cash application, and maintaining accurate loan records in Jack Henry. The position is suited to a detail-oriented professional with experience in loan servicing, loan operations, or cash operations who is interested in expanding into broader loan and cash operations responsibilities. The analyst reviews borrowing base certificates and supporting collateral reports, monitors borrowing availability, processes and reconciles loan activity, performs servicing tasks, follows up with borrowers, and maintains audit-ready documentation. The role also prepares reporting, develops and maintains procedural documentation, and manages recurring work to meet reasonable turnaround and response times.

Requirements

Bachelor's degree in Economics, Business, Finance, or a related field.
3–5 years of professional experience in loan servicing, loan operations, or cash operations.
Proficiency in Microsoft Excel for reconciliations, analysis, and reporting.
Ability to create SOPs and procedural documentation and manage a high volume of recurring, deadline-driven work.
Ability to manage multiple deliverables and adapt to changing circumstances and priorities.
Strong interpersonal, written, and verbal communication skills, including working with borrowers and internal partners.
High attention to detail and success in roles requiring a high level of quality control.
Motivation to grow beyond a pure servicing role into a broader servicing plus loan and cash operations position.

Nice To Haves

Hands-on ABL experience, including borrower base review, collateral monitoring, and collections.
Jack Henry loan servicing experience; experience with similar loan servicing platforms is also considered.

Responsibilities

Review borrowing base certificates and supporting collateral reporting submitted by ABL borrowers, verifying eligibility and availability calculations.
Monitor borrowing availability and flag exceptions, ineligibles, and potential concerns to appropriate credit and portfolio teams.
Manage ABL collections and cash processing, including cash application and payment posting in Jack Henry.
Process and reconcile advances, paydowns, and payments, ensuring accurate and timely daily cash reconciliation.
Perform loan servicing activities in Jack Henry, including account maintenance, billing, and payoff processing.
Follow up with borrowers about missing reporting and past-due payments, escalating delinquencies as needed.
Maintain accurate, audit-ready loan files and supporting documentation.
Prepare cash, collections, and ABL portfolio reporting for internal teams and external partners as required.
Create and maintain SOPs and procedural documentation for ABL processing.
Manage workload and backlog to ensure reasonable turnaround and response times.
Perform other ad hoc duties as needed.