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Loan Operations Associate

  • Location: New Castle, DE, 19720
  • Job Type:Contract

Posted 14 days ago

Terrific 8+ month contract opportunity in New Castle, DE for a Loan Operations Intermediate Associate. Will manage preparing and reviewing loan documentation while providing support to a variety of tasks related to the loan process. Activities will include independently processing and closing loans within a complex loans’ operation environment.
  • Integrates a solid understanding of industry and business standards and practices of loan documentation processes.
  • Deals with most loan-related problems independently and has some latitude to resolve complex issues, where expertise is required to interpret against policies, guidelines or processes.
  • Applies judgment when interpreting data, preparing reports, and presents findings to management.
  • Makes resolution recommendations based on identified trends and facts.
  • Designs and analyzes complex reports often related, but not limited to loan documentation processes to satisfy management requirements and support/control activities.
  • Participates in and supports the implementation of projects and process improvement initiatives.
  • Interprets data and makes recommendations for the launch of new products/ services and upgraded platforms that loan documentation/processing functions.
  • Demonstrates a understanding of the loan documentation processes to identify policy gaps and formulate policies to support the streamlining of related work processes.
  • Minimizes risk to the bank through a solid understanding of procedural requirements - provides solutions to reduce errors, and to adhere to audit and control policies. Servers as a checker for systematic transactions as a last line of defense.
  • Timely escalation and resolution of all inquiries and issues related to loan documentation.
  • Applies a solid understanding of how the team and area integrate with others in accomplishing the objectives of the sub-unit.
  • Provides informal guidance and/or on-the-job-training to new team members.
  • Works closely with own team and internal stakeholders in order to meet client needs.
  • Has direct interaction with external customers to disseminate or explain information.
  • Individuals who are emerging as an expert in a specific skill set, business area or product but who remain focused primarily on daily execution.
  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding the company, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
  • 2-5 years relevant experience preparing and reviewing loan documentation.
  • Bachelor’s/ degree.
  • Can work well under pressure and multi-task with a sense of urgency.
  • Proactive to escalate issues and drive change on process.
  • Deliver results and able to meet tight deadlines.
  • Ability to collaborate with team members within and outside of own team.
If this is a perfect fit, Apply now!