Loan Administrator

Job Description

Loan Administrator

(OFS) Loan AdministrationChicago, IL Full Time

ESSENTIAL FUNCTIONS:

• Knowledge of Wall Street Office Administrator and Wall Street Office Reporting
• Daily Portfolio of Activity.  Includes managing a portfolio of loan, which include LIBOR rollover, amortization payment, etc.
• Invoice/billing clients
• Ability to Review Credit Agreements to obtain pertinent information
• Cash Balancing
• Distribute Weekly/Monthly Reports
• Prepare daily funding requests and distribute for approvals
• Provide daily funding information to trustee
• Assist with monthly reconciliations of balances, spreads, LXID’s, etc.
• Monthly Update of the Customer Responsibility List
• Maintain/Create Loan Admin Files and Directories
• Trade reports for clients
• Assist with A/P
• Record commercial loan activity and provide information to accounting for income and expense recording purposes.
• Work with Analysts on monthly and quarterly invoicing on Agented transactions
• Provide customer services by keeping Borrowers and participants apprised of commercial loan activity.
• Answer questions regarding loan balances interest work as the execution partner and liaison with various functional groups and departments (e.g.: Investments backup from agent banks and any information found from researching the discrepancies.
• Produce loan activity and document tracking reports for internal use in performance analysis.
• Provide support to the credit function in the analysis of customer’s financial performance.
• Provide information and administrative support to the trustee as requested.
• Maintain integrity of Loan Administration databases and files.

NON-ESSENTIAL FUNCTIONS:

• Performs other special assignments as required. 

EDUCATION/EXPERIENCE REQUIREMENTS: (including certification, licenses, etc.)

• High school graduate or equivalent experience required. College degree preferred, but not required.  
• Minimum of 2-3 years' experience loan administration experience in a commercial lending environment.    

KNOWLEDGE, SKILLS AND ABILITIES:

• • Knowledge of commercial lending terminology.  
  • Strong knowledge of Microsoft Office such as Word, Excel.
  • Experience with Wall Street Office or similar loan platforms a plus

PERFORMANCE METRICS:

• • Accuracy and timeliness of work product
  • Customer feedback
  • Compliance with company and departmental policies and procedures
  • Demonstration of appropriate judgment and decision making in resolving issues which arise.
  • Demonstrated ownership in completing essential tasks and assignments.