Loan Documentation and Processing Analyst Secondary Loan Trading

Early Career • New Castle, DE

84d • $48,840 - $68,160

About The Position

The Loan Doc & Proc Assoc Analyst is a developing professional role. This role identifies policy and applies specialty knowledge in monitoring and assessing processes and data. Integrates established disciplinary knowledge within own specialty area with basic understanding of related industry practices. Good understanding of how the team interacts with others in accomplishing the objectives of the area. Develops working knowledge of industry practices and standards. Must be able to exchange information in a concise and logical way as well as be sensitive to audience diversity. Limited but direct impact on the business through the quality of the tasks/services provided. Impact of the job holder is restricted to own team. Individual must be accountable, ethical, results oriented, trustworthy, and credible. This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

Requirements

• 0-2 years of experience.
• Basic knowledge of Business Processes, Systems and Tools used in the Loan Process.
• Demonstrate understanding of Loan Processes, Procedures, Products and Services.
• General awareness of managing, preparing, and reviewing loan documentation.
• Able to identify, mitigate, manage, resolve, and escalate risks and issues.
• Awareness of risk types, policies and control measures and processes.
• Comply with applicable laws, rules, and regulations, and adhering to Policies.

Responsibilities

• Manage preparing and reviewing loan documentation while providing support to a variety of tasks related to the loan process.
• Independently process and close loans within a complex loan operations environment.
• Provide day-to-day loan transactional processing which may include booking cash transactions and making payments.
• Perform loan reconciliations, input of general ledger entries and (complex) calculations.
• Interact with other counterparties around positions and outstanding balances/claims.
• Follow established procedures to identify and resolve problems related to loan documentation/processing activities that require investigation or research.
• Make recommendations to management to support process improvement.
• Resolve problems by identifying and selecting solutions through the application of acquired technical experience.
• Design and analyze moderately complex loan documentation reports to satisfy management requirements.
• Make evaluative judgments based on the analysis of factual information.
• Assist in the implementation of loan documentation process improvements.
• Minimize risk to the bank through increased knowledge of procedural requirements.
• Timely management and escalation of all requests and issues related to loan processing.
• Demonstrate an intermediate level of understanding of products and processes.
• Utilize communication, diplomacy and interpersonal skills to interact with colleagues and stakeholders.

Benefits

• Medical, dental & vision coverage.
• 401(k).
• Life, accident, and disability insurance.
• Wellness programs.
• Paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Bachelor's degree