Loan Servicing - Participation - Versana - 1-4 Years - PAN India

Crescendo Global Leadership Hiring India; Pune District, Gurugram District, Chennai; On-site; INR 600,000 - 900,000; Full time

Job summary

Crescendo Global Leadership Hiring India is hiring for a Participation Loan Servicing role. You will handle loan servicing transactions, settlement and cash reconciliation, and maintain audit-ready records for a US-based client with operations in India.

The role requires 1–5 years in Banking Operations or Loan Servicing, understanding of day-count conventions, and the ability to process documentation with accuracy.

Qualifications

• Degree in Finance, Commerce, Economics, Accounting, or related field.
• 1-5 years in Banking Operations, Loan Servicing, or related environment.
• Basic understanding of loans, interest calculations, and day-count conventions.
• Ability to review financial documentation, identify discrepancies, and maintain records.
• Understanding of banking operations, reconciliations and transaction processing is advantageous.

Responsibilities

• Process routine loan servicing transactions in Loan IQ: interest, fees, principal payments.
• Review, input and validate rate resets, notices, and fee notices.
• Perform daily cash reconciliations between Loan IQ and cash statements and escalate discrepancies.
• Maintain past-due reports, event trackers, and servicing records.
• Upload and maintain supporting documentation with audit trails.

Skills

Loan Servicing

Banking Operations

Syndicated Loans

Participation Loans

Cash Reconciliation

Interest Calculation

Transaction Processing

Financial Documentation

Education

Finance / Commerce / Economics / Accounting degree

Tools

Loan IQ

Job description

Loan Servicing - Participation - Versana - 1-5 Year - PAN India

We are hiring for a Participation Loan Servicing role for a US-based banking client. This role is ideal for candidates with an interest in Banking Operations, Loan Servicing, Syndicated Loans, Participation Loans, Cash Reconciliation, Interest Calculation, Transaction Processing, and Financial Documentation who can ensure accurate processing and servicing of loan transactions.

Location: Gurgaon, Pune, Mumbai, Chennai

Your Future Employer: A leading global analytics and research organization providing high-quality financial services, risk management, and data-driven solutions to clients across the banking and financial services industry, with opportunities to gain exposure to loan servicing operations and commercial lending products.

Responsibilities:

1. Process routine loan servicing transactions in Loan IQ, including interest, fee, and principal payments received from agent banks.
2. Review, input, and validate rate resets, interest notices, and fee notices against agent-issued documentation.
3. Perform daily cash reconciliations between Loan IQ and cash statements, investigating and escalating discrepancies as required.
4. Maintain and update past-due reports, event trackers, exception logs, and servicing records.
5. Upload and maintain supporting documentation, ensuring accurate records and a complete audit trail for all transactions.
6. Follow established Standard Operating Procedures (SOPs), control frameworks, and service-level requirements.
7. Execute maker responsibilities within the four-eyes control environment, ensuring transaction accuracy and completeness.

Requirements:

1. Degree in Finance, Commerce, Economics, Accounting, or a related field.
2. 1 -5 year of experience in Banking Operations, Loan Servicing, Financial Services, Accounting, or a related operational environment preferred.
3. Basic understanding of loans, interest calculations, and day-count conventions.
4. Ability to review financial documentation, identify discrepancies, and maintain accurate records.
5. Understanding of banking operations, reconciliations, and transaction processing will be an added advantage.

What's in it for You:

1. Opportunity to work with a US-based banking client.
2. Exposure to syndicated and participation loan servicing and commercial lending operations.
3. Hands-on experience in cash reconciliation, financial documentation, and operational controls.
4. A strong foundation for building a career in banking and financial services operations.

Disclaimer: Crescendo Global does not discriminate based on race, religion, colour, origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

Note: We receive many applications daily, so it may not be possible to respond to every applicant. If you do not hear from us within one week, please assume your profile has not been shortlisted. Your patience is highly appreciated.

Keywords: Participation Loan Servicing, Loan Servicing, Banking Operations, Financial Services, Syndicated Loans, Participation Loans, Commercial Lending, Loan IQ, Loan Operations, Interest Calculation, Day Count Conventions, Interest Payments, Principal Payments, Fee Processing, Rate Resets, Interest Notices, Fee Notices, Cash Reconciliation, Bank Reconciliation, Transaction Processing, Financial Documentation, Past Due Reports, Exception Logs, Audit Trail, Standard Operating Procedures, SOP, Four-Eyes Control, Operational Risk, Transaction Validation, Accounting, Finance, Commerce, Economics, Reconciliation, US Banking, Crescendo Global.