Loan Operations Specialist
HybridWilmington, Delaware, United States
Job Summary
Manage daily loan operations for an assigned book of business, including invoicing borrowers, processing rollovers, and facilitating loan payments and unscheduled repayments. Generate daily, weekly, monthly, and quarterly reports while ensuring compliance with data governance standards across internal and external databases. Maintain all aspects within the Loan System, including bank identifiers, settlement instructions, and lender registers, and address inbound stakeholder queries via email or phone. Review credit and facility agreements for operational continuity and assist transaction managers with deal closings and preliminary reviews. Work Monday through Friday from 8 to 5 in a hybrid Wilmington, Delaware environment.
Required Qualifications
- Bachelor's Degree
- 1-5+ years of Banking and/or Relevant Financial Services Experience (Loan Operations) experience
- Knowledge of Loan Facility Agreements
- Understanding of roles involved in Bilateral, Syndicated Loans, and Project Finance Loans
- Knowledge of financial markets and products
- Experience in the use of payments systems for confirming and settling these products
- Understanding of general loan operations workflow
- Ability to recognize key issues related to clients' loan activities
- Knowledge of the necessary steps for remediating those issues
- Understanding of the processes of deal structuring, distribution, documentation, funding, and post-closing management
- Ability to proactively identify and resolve challenges
- Commitment to ensuring thorough and robust quality checks in all aspects of loan processing
- Focus on maintaining high standards and not compromising on accuracy or compliance
- Proficiency in using MS Office suite of applications, with a particular focus towards Excel
- Hybrid (three days onsite) in Wilmington, Delaware
- Monday through Friday 8 to 5
Desired Qualifications
- Bachelor's Degree preferred
- Additional experience in other areas such as bonds or structured finance
- Experience using WSO, Loan IQ, DebtDomain, iLEVEL, ClearPar or other similar loan/banking platform
- Eye for detail in reviewing financial documents, structuring deals, and accurately calculating rates, fees, payouts, etc.
- Ability to work effectively with numbers, identify discrepancies, and maintain a high level of accuracy in all tasks
- Ability to generate ad hoc calculations as needed for a customer/client
- Ad hoc calculations include but are not limited to the following: interest calculations, paydown calculations, pro-rata splits, per diem calcs, payoff letter calculations, etc.
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