Newark, DE, USA
6 days ago
Loan Servicing Analyst

Intro Marketing Language: Join our dynamic Wholesale Lending Services team and make a significant impact in the world of Commercial & Investment Banking. Apply today to be part of a team that values your expertise and dedication!

Job Summary: As a Loan Servicing Analyst in our Wholesale Lending Services team, you will provide operational support for our Commercial & Investment Banking operations. You will manage syndicated credit structures and bilateral loans, administering a portfolio of 30-40 syndicated accounts. You will maintain direct contact with borrowers, lenders, and business partners while performing various loan servicing tasks.

Job Responsibilities:

Initiate loan activities such as fundings, repricings, and payments as per client instructions and credit agreements.Calculate and track complex interest and fee accruals across changing lender distributions.Reconcile daily funding and payment activities to account for all cash transactions.Read and interpret complex legal credit agreements and related documentation, collaborating with attorneys when necessary.Initiate and reconcile automated funds movement according to client/lender instructions.Monitor and escalate past due principal, interest, and fees to ensure accurate loan accounting and timely client invoicing.Maintain margin changes and communicate effectively with the bank group.

Required Qualifications, Capabilities, and Skills:

Proficiency with Microsoft Office Suite (Excel, Word, and PowerPoint).General to intermediate accounting knowledge.Ability to manage concurrent assignments effectively and efficiently.Ability to work independently within a team environment.Excellent oral and written communication skills and strong interpersonal/client servicing skills.Strong analytical, problem-solving, and decision-making skills.

Preferred Qualifications, Capabilities, and Skills:

Familiarity with loan-based software (LoanIQ, ClearPar).Bachelor’s Degree or 1+ year of experience in Loan, Finance, or Securities.Familiarity with syndicated loans and Loan Syndication and Trading Association (LSTA) standards.Prior knowledge of loan products or trading operations.  


 

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