Join the firm that FORTUNE has named one of the top five “World’s Most Admired Companies” and LinkedIn ranked #1 out of 50 of the best companies in the U.S. for best places to work and grow your career. 

As a Loan Setup & Funding Associate within Asset Based Lending, you will read, comprehend, and interpret complex loan and security agreements, other legal documentation, and approval documents/memos. You will coordinate, propose, or actively participate in deal team meetings as necessary, depending on the complexity of the transaction and experience of portfolio in closing complex transactions to ensure smooth closing/funding. Identify risks inherent in loan documentation/loan structure, implement appropriate controls (e.g. quarterly interest, unusual amortization schedules) will be essential to success.

Job responsibilities

Review loan documents for accuracy compared to what was approved via internal credit reporting application, operational conditions, find minute changes in legal documentation that directly impact loan operations processes or Loan IQ system constraints Review complex disbursement authorizations/funds flow, identify inconsistencies within the funds flow, be aware of what forms of wire transfers Asset Based Lending can and cannot perform to adhere to policies and procedures Evaluate and understand all aspects of fee accounting, Loan IQ fee types and transactions and their impact on the firm’s general ledger and downstream impacts Analyze borrowing base components/structure and propose the ‘best’ borrowing base structure given the firm’s system environment for ease of ongoing monitoring Evaluate and understand the depository account structure, funds flow/cash movements between accounts, cash dominion and impact on funds flow, funds transfer agreements, signature cards/corporate resolutions, etc. or have a basic understanding of fundamental bank depository products Coordinate closing and funding of transactions with deal team members such that loans are booked efficiently and with the proper sense of urgency for deadlines, this may include rigorously communicating clearly with Asset Based Lending business partners and other loan operation areas. Assist in Asset Based Lending loan operations projects as needed, analyze existing processes, and propose improvements where identified, and be willing to contribute wherever possible

Required qualifications, capabilities, and skills

1+ years of Syndicated Commercial loan experience  Knowledge of loan documentation, fee accounting, flood regulation and willingness to gain more in-depth understanding of legal documents and terminology. Demonstrates Flexibility: Willingness to adjust to changing conditions and priorities; remains positive and optimistic during periods of change Communication: Superior communication and customer service skills, both internally and externally focused and verbal and written, speaks up and proactively notifies deal team members on updates. Ability to formulate open-ended questions in either verbal or written format. Teamwork: Motivated to pitch in and help for the good of the team (Asset Based Lending Operations and Deal Team), supportive, helpful to others, and collaborative Interpersonal Relationship Skills: Willingness to learn, receive direction, and ask well-thought-out questions. Maintains and/or builds relationships across all areas of Asset Based Lending. Gains cooperation of deal team members. Respects different points of view and treats others with respect. Leadership: Takes responsibility, seeks out additional responsibilities, is highly respected by others, truthful & honest, inspires others to follow strategy/goals, excellent judgment. Delivers feedback to others, as applicable. Mentors and coaches by leveraging experience. Demonstrates flexibility to ensure that Asset Based Lending Loan Operations delivers a world-class product to its clients.

 Preferred qualifications, capabilities, and skills

Bachelor’s Degree in accounting/finance/general business Knowledge of the asset-based lending line of business, borrowing base concepts, and general knowledge of roles/responsibilities of syndications, originations, underwriting, portfolio, and field exam Knowledge of Loan IQ or similar loan system and Microsoft applications (Excel, Word PowerPoint)

This is a hybrid role which requires going into the office 3 days a week with 2 days flexibility to work from home, which is subject to change. 

Final Job Grade and officer title will be determined at time of offer and may differ from this posting.

This position is not eligible for H1B or Sponsorship