Loan Servicing Specialist IV

Loan Servicing Specialist Newark, DE Loan Servicing Specialist, Newark, DE

LOAN SERVICING SPECIALIST IV

BCforward Newark, DE (Onsite) Contractor

Job Details

Loan Servicing Specialist IV

Job Title: Loan Servicing Specialist IV

Location: Newark, DE 19713 (ONSITE ROLE)

Duration: 6 months contract (Possibility of extension or conversion)

Rate: $28.97/hr on W2

Job Description:

As the Loan Servicing Specialist IV in Structured Loan and Agency Servicing you will primarily provide operational support for syndicated credit structures agented by JPMorgan or bilateral loans extended to a borrower solely by JPMorgan.

Job Summary:

As the Loan Servicing Specialist IV in Structured Loan and Agency Servicing you will primarily provide operational support for syndicated credit structures agented by JPMorgan or bilateral loans extended to a borrower solely by JPMorgan. This is a client facing role with direct contact with borrowers, lenders, and business partners while performing loan servicing facets.

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.

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.