Loan Servicing Associate - Asset Based Lending

Loan Servicing Professional In Wholesale Lending Services

Unlock your potential with us! Join a dynamic team in Commercial & Investment Banking, where every transaction shapes the financial landscape and drives business success. As a Loan Servicing Professional in Wholesale Lending Services, you will provide operational support on syndicated and bilateral loans for the largest and most sophisticated corporate loan transactions. You will have direct contact with borrowers, lenders, and business partners, delivering excellence in the servicing experience with high levels of satisfaction.

Job Responsibilities

• Provide deal origination and execution support to Asset Based Lending bank deal teams as the primary loan servicing contact for internal / external clients for issues and resolutions.
• Administer excellence in the customer experience for both internal and external customers.
• Provide feedback to deal structuring team on operational market trends and any operational feasibility.
• Read and interpret complex legal credit agreements and related documentation working with attorneys when applicable.
• Perform quality control on new deals, restructures and amendments by thoroughly understanding the credit agreement verifying system set up accuracy.
• Oversee loan activity (funding, re-pricings, payments) as instructed by the client in accordance with credit agreements.
• Calculate and track complex interest and fee accruals at various rate levels across changing lender distributions.
• Reconcile daily funding and payment activity to account for all daily cash transactions, initiate and reconcile automated funds movement, monitor and escalate past due principal, interest, & fees.

Required Qualifications, Capabilities, and Skills

Preferred Qualifications, Capabilities, and Skills

Additional Information

Base Pay / Salary Chicago, IL $81,700.00 - $133,000.00 / year