Associate, Loan Operations

Monroe Capital LLC; Chicago (IL); Hybrid; USD 50,000 - 80,000; Full time

Job summary

An established industry player is looking for a detail-oriented Associate to manage loan transactions within a dynamic operations team. This hybrid role requires proficiency in commercial lending terminology and strong organizational skills. You will be responsible for reviewing legal documents, managing a portfolio of deals, and providing excellent customer service while ensuring all loan activities are accurately processed. If you thrive in a fast-paced environment and enjoy working independently as well as collaboratively, this opportunity offers a chance to grow your career in the banking sector. Join a forward-thinking company that values initiative and teamwork!

Qualifications

• 1+ years of experience in banking or finance is required.
• Strong work ethic and ability to work independently or in teams.

Responsibilities

• Manage a portfolio of loan transactions and ensure timely processing.
• Review legal documents and maintain assets for various funds.

Skills

Organizational Skills

Detail-oriented

Commercial Lending Terminology

Good Communication Skills

Self-starter

Ability to Multi-task

Education

Bachelor’s Degree in Accounting

Bachelor’s Degree in Finance

Bachelor’s Degree in Business Administration

Tools

Microsoft Office

Wall Street Office Loan System

Job description

Description

The Associate's primary focus will be the management of a portfolio of loan transactions. We are seeking an organized and detail-oriented loan closer/servicer to join our growing operations team who should be able to work independently with an understanding of commercial lending terminology. This is a hybrid position working 2-3 days a week from our Chicago office.

Primary Job Responsibilities:

• Review legal documents and extract relevant information
• Set up and maintain assets for various funds in Wall Street Office
• Manage a portfolio of deals
• Post customer advances, payments and loan contract continuances and complete all daily work in a timely and accurate manner
• Enter wires to settle with participants and funding partners while ensuring that all members remain in sync
• Invoice clients and create system notifications of activity
• Provide excellent customer service by keeping required parties apprised of loan activity
• Assist with the closing, funding and booking of new deal transactions
• Respond to internal and external inquiries regarding loan balances, interest, fees and expenses and respond to ad-hoc requests
• Proactively identify loan performance concerns and communicate these to the portfolio management team
• Perform daily cash reconciliation
• Assist the Accounting Department with questions regarding reconciliation of cash and loan position activity
• Special projects upon request

Requirements

• 1+ years of experience in banking/financial field
• Strong work ethic
• Works well independently as well as in a team environment
• Good written and verbal communication skills
• Ability to interface with numerous constituents at various levels
• Self-starter with a positive attitude and the ability to work independently and conscientiously
• Proficiency with the Microsoft Office products
• Ability to multi-task, balancing many responsibilities simultaneously
• Familiarity with the Wall Street Office loan system and proficiency in processing a plus
• Bachelor’s Degree in Accounting, Finance or Business Administration preferred

Disclaimer

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.