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Loan Servicing Specialist - Cy30EGwI63ex-3294

at Bucher & Christian Consulting, Inc. dba BCforward in Newark, Delaware, United States

Job Description

BCforward is currently seeking a highly motivated Insert Job for an opportunity in Newark, DE

Position Title: Loan Servicing Specialist

Location: Newark, DE 19713 /hybrid

Anticipated Start Date: within 2 weeks

Expected Duration: 3 Months with possible extension (RTH)

Job Type: Contract

Pay Rate: $28.97/hr on W2

Required Qualifications, Capabilities, and Skills:

  • Excellent oral and written communications skills
  • Strong interpersonal & client servicing skills
  • Solid working knowledge of Microsoft Office applications (i.e., Excel, Word, and PowerPoint)
  • Ability to manage concurrent assignments in an effective, efficient, and organized manner.
  • Ability to work independently within a team environment.
  • Strong analytical, problem solving and proven decision-making skills.
  • General to intermediate accounting knowledge

  • Preferred Qualifications, Capabilities, and Skills:
  • Undergraduate degree
  • Experience with reading and interpreting syndicated loan documentation or related experience dealing with legal documentation.

Job Responsibilities:

  • Initiate loan activity (fundings, repricings, payments) as instructed by the client in accordance with credit agreements.
  • Calculate and track complex interest and fee accruals at various rate levels across changing lender distributions.
  • Reconcile daily funding and payment activity to account for all daily cash transactions (Statements and Ledgers).
  • Read and interpret complex legal credit agreements and related documentation, working with attorneys when applicable.
  • Initiate and reconcile automated funds movement in accordance with client/lender instructions.
  • Monitor and escalate past due exceptions/breaks including principal, interest, and fees to ensure that the loan accounting system is accurate and provide clients timely and accurate invoices.
  • Perform maintenance of margin changes and appropriate communication to bank group.
  • Provide information as requested by Clients, Business Partners, Middle Office, or Lenders.
  • Monitor control reports updating applicable comments.
  • Participate in system testing, as needed, which may occur during non-business hours.
  • Assist with any administrative tasks associated with the terms of a Credit Agreement.
  • Perform quality control on new deals, restructures, and amendments by thoroughly understanding the credit agreement and verifying system set up accuracy.
  • Back up co-workers, work on various special projects or other tasks as assigned

Interested candidates please send resume in Word format Please reference job code 223776 when responding to this ad.

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Job Snapshot

Employee Type
Contractor

Location
Newark, DE (Onsite)

Job Type
Banking

Experience
Not Specified

Date Posted
06/18/2024
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Job Posting: 1280026

Posted On: Jul 19, 2024

Updated On: Jul 20, 2024

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