Cash Operations Analyst - ABL Servicing

Newity•Chicago, IL

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 ideal candidate has 3–5 years of experience in loan servicing, loan operations, or cash operations, with hands-on ABL and Jack Henry servicing experience preferred. NEWITY is particularly interested in loan servicing professionals seeking to expand into broader loan and cash operations. Success in the role means reviewing borrower base submissions accurately and on schedule, applying and reconciling cash receipts on time, proactively managing collections and missing-reporting follow-up, keeping Jack Henry records and loan files accurate and audit-ready, and maintaining current SOPs and processes. The role also requires exceptional attention to detail.

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 the ability to work with borrowers and internal partners.
High attention to detail and demonstrated success in roles requiring strong quality control.
Motivation to grow beyond a pure servicing role into a broader servicing, loan operations, 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 reports from ABL borrowers, verifying eligibility and availability calculations.
Monitor borrowing availability and flag exceptions, ineligible collateral, and potential concerns to 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 in Jack Henry, including account maintenance, billing, and payoff processing.
Follow up with borrowers regarding 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.