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Loan Processor

  • Location: New Castle, DE, 19801
  • Job Type:Contract

Posted 11 days ago

Terrific 12+ month contract opportunity in New Castle, DE for a Loan Processor. Will be involved in providing day-to-day loan portfolio servicing which may include booking cash transactions and making payments, inputting general ledger entries and (complex) calculations. Occasionally requires interaction with other counterparts around positions and outstanding balances/claims. Will develop and maintain strong relationships with internal clients to ensure delivery of products to company’s clients. 

Responsibilities include:
•    Manage processing of daily loan activity within highly demanding timelines and competing priorities.
•    Ensure compliance of all activity within the terms of applicable credit agreement.
•    Provide feedback to management of any potential client or control issues within the Operations.
•    Identify process or procedural improvements within the Ops group with both internal and external partners to create efficiencies.
•    Integrates a solid understanding of industry and business standards and practices of loan agency processes.
•    Applies professional judgment, analytical thinking and knowledge of data analysis tools and methodologies to make recommendations to senior management to support process improvement.
•    Deals with most loan related problems independently and has some latitude to resolve complex issues.
•    Daily focus is on resolution of complex loan 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 agency processes to satisfy management requirements and support/control activities.
•    Interprets data and makes recommendations for the launch of new products/ services and upgraded platforms that loan agency functions.
•    Demonstrates an understanding of the loan agency processes to identify policy gaps and formulate policies to support the streamlining of related work processes.
•    Minimizes risk through a solid understanding of procedural requirements - provides solutions to reduce errors, and to adhere to audit and control policies.
•    Timely management, escalation and resolution of all requests/inquiries/issues/errors related to loan agency.
•    Applies a solid understanding of how the team and area integrate with others in accomplishing the objectives of the sub-unit, and the wider Operation group.
•    Provides informal guidance and/or on-the-job-training to new team members.
•    Direct interaction with external customers to disseminate or explain information.
•    2+ years of experience as a loan processor.
•    Strongly prefer a Bachelor’s degree.
•    Experience working with multiple groups.
•    Intermediate skills in MS Excel, including Pivot tables and VLOOKUP.
•    Must be an exceptional communicator both written (email) and verbal.
•    Ability to work in a dynamic environment with changing responsibilities and focus.
•    Excellent customer service orientation.
•    Prefer experience with Syndicated Credit Agreements.
•    Must be versatile and demonstrate the ability to resolve issues/escalations while ensuring all stakeholders expectations are met. 
•    Must have their own working PC to work remotely until offices reopen. 

If this sounds like the perfect fit, Apply Today!