Loan Servicing Account Manager

Loan Servicing Account Manager

BCforward is currently seeking a highly motivated Loan Servicing Account Manager for an opportunity in Chicago, IL 60603!

Job Title: Loan Servicing Account Manager

Location: Chicago, IL 60603
Job Type: Contract to hire
Duration: 6+ month contract with possible extension or conversion to FTE
Pay rate: $34/hr.
Anticipated Start Date: Asap


Job Description:


* Initiate loan activity (fundings, repricings, payments) as instructed by the client, by credit agreements
* Calculation and tracking of 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
* Read and interpret complex legal credit agreements and related documentation, working with attorneys when applicable
* Initiate and reconcile automated funds movement by client/lender instructions
* Monitor and escalate past due principal, interest, and fees to ensure that the loan accounting system is accurate and provide clients with timely and accurate invoices
* Maintenance of margin changes and proper communication to the 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, verifying system setup accuracy
* Back up co-workers, work with various special projects, or other tasks as assigned


Qualifications, skills, and capabilities:


* Loan/Lending Operations experience
* Extensive knowledge of reading and interpreting syndicated credit agreements (pre/post-close)
* Excellent interpersonal and written/verbal communication skills
* Strong analytical thinker who can identify connections between various pieces of data and systems and quickly articulate client impact
Ability to effectively multitask and prioritize competing demands
* Ability to manage and autonomously resolve complex problems
* Strong organizational skills with the ability to function efficiently in a high-volume, fast-paced, deadline-oriented environment while maintaining service level agreements
* Highly motivated self-starter
* Exceptional customer service and communication skills
* Proficiency in Microsoft Office applications with strong Excel skills

Benefits:

• BCforward offers all eligible employees a comprehensive benefits package including, but not limited to major medical, HSA, dental, vision, employer-provided group life, voluntary life insurance, short-term disability, long-term disability, and 401k.

About BCforward:

• Founded in 1998 on the idea that industry leaders needed a professional service, and workforce management expert, to fuel the development and execution of core business and technology strategies, BCforward is a Black-owned firm providing unique solutions supporting value capture and digital product delivery needs for organizations around the world. Headquartered in Indianapolis, IN with an Offshore Development Center in Hyderabad, India, BCforward's 6,000 consultants support more than 225 clients globally.
• BCforward champions the power of human potential to help companies transform, accelerate, and scale. Guided by our core values of People-Centric, Optimism, Excellence, Diversity, and Accountability, our professionals have helped our clients achieve their strategic goals for more than 25 years. Our strong culture and clear values have enabled BCforward to become a market leader and best in class place to work.
• BCforward is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against based on disability.
• To learn more about how BCforward collects and uses personal information as part of the recruiting process, view our Privacy Notice and CCPA Addendum. As part of the recruitment process, we may ask for you to disclose and provide us with various categories of personal information, including identifiers, professional information, commercial information, education information, and other related information. BCforward will only use this information to complete the recruitment process.
• This posting is not an offer of employment. All applicants applying for positions in the United States must be legally authorized to work in the United States. The submission of intentionally false or fraudulent information in response to this posting may render the applicant ineligible for the position. Any subsequent offer of employment will be considered employment at-will regardless of the anticipated assignment duration.

Interested candidates please send resume in Word format Please reference job code 246848 when responding to this ad.

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