Loan Servicing Specialist
Bcforward
Loan Servicing SpecialistBCforward is currently seeking a highly motivated Loan Servicing Specialist for an opportunity located in Newark, DE 19713
Position Title: Loan Servicing SpecialistLocation: Newark, DE 19713
Please note this is the target date and is subject to change. BCforward will send official notice ahead of a confirmed start date. Expected Duration: 4 to 6 months contract with possible conversion to Fulltime/ RTHPay Rate : $25.00 to $28.97 per hour on W2Hybrid Job
Please note that actual compensation may vary within this range due to factors such as location, experience, and job responsibilities, and does not encompass additional non-standard compensation (e.g., benefits, paid time off, per diem, etc.).
Responsibilities:
Initiate loan activity (fundings, repricings, payments) as instructed by the client in accordance with 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 in accordance with client/lender instructions
Monitor and escalate past due principal, interest, and fees to ensure that the loan accounting system is accurate and provide clients timely and accurate invoices
Maintenance of margin changes and proper communication to bank group
Provide information as requested by Clients, Business Partners, Middle Office, or Lenders
Monitor control reports updating applicable comments
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 set up accuracy
Back up co-workers, work with various special projects or other tasks as assigned
Minimum Requirements:
Undergraduate degree is strongly preferred but related job and industry experience can be accepted as a substitute (3+ years)
Solid working knowledge of Microsoft Office applications (i.e. Excel, Word and PowerPoint)
Must have experience reading and interpreting syndicated loan documentation or related experience supporting syndicated loans and using LoanIQ
Ability to manage concurrent assignments in an effective, efficient and organized manner
Ability to work independently within a team environment
Excellent oral and written communications skills and strong interpersonal/client servicing skills
Strong interpersonal/client servicing skills
Strong analytical, problem solving and judgment skills
Flexible working schedule with some overtime required
Education
Bachelors in Finance , Accounting, Biz Management, Economics etc
grads are welcome
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.
Position Title: Loan Servicing SpecialistLocation: Newark, DE 19713
Please note this is the target date and is subject to change. BCforward will send official notice ahead of a confirmed start date. Expected Duration: 4 to 6 months contract with possible conversion to Fulltime/ RTHPay Rate : $25.00 to $28.97 per hour on W2Hybrid Job
Please note that actual compensation may vary within this range due to factors such as location, experience, and job responsibilities, and does not encompass additional non-standard compensation (e.g., benefits, paid time off, per diem, etc.).
Responsibilities:
Initiate loan activity (fundings, repricings, payments) as instructed by the client in accordance with 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 in accordance with client/lender instructions
Monitor and escalate past due principal, interest, and fees to ensure that the loan accounting system is accurate and provide clients timely and accurate invoices
Maintenance of margin changes and proper communication to bank group
Provide information as requested by Clients, Business Partners, Middle Office, or Lenders
Monitor control reports updating applicable comments
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 set up accuracy
Back up co-workers, work with various special projects or other tasks as assigned
Minimum Requirements:
Undergraduate degree is strongly preferred but related job and industry experience can be accepted as a substitute (3+ years)
Solid working knowledge of Microsoft Office applications (i.e. Excel, Word and PowerPoint)
Must have experience reading and interpreting syndicated loan documentation or related experience supporting syndicated loans and using LoanIQ
Ability to manage concurrent assignments in an effective, efficient and organized manner
Ability to work independently within a team environment
Excellent oral and written communications skills and strong interpersonal/client servicing skills
Strong interpersonal/client servicing skills
Strong analytical, problem solving and judgment skills
Flexible working schedule with some overtime required
Education
Bachelors in Finance , Accounting, Biz Management, Economics etc
grads are welcome
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 234199 when responding to this ad.
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