Bank Loan Operations Process Consultant

Korn Ferry; New York (NY); Remote; USD 96,432 - 137,760; Part time

Job summary

A leading consulting firm is looking for a subject matter expert in bank loan operations to optimize and document the end-to-end bank loan lifecycle. This remote interim position requires 8-15 years of experience in bank loan operations and substantial expertise with ClearPar. Responsibilities include documenting processes, designing controls, and improving operational efficiency. Compensation ranges from $70 to $100 per hour, working East Coast hours.

Qualifications

• 8-15+ years in bank loan operations within an institutional setting.
• Deep understanding of the end-to-end bank loan lifecycle.
• Experience documenting and optimizing poorly defined processes.

Responsibilities

• Document the end-to-end bank loan lifecycle from origination to servicing.
• Design and implement accounting controls and governance SOPs.
• Identify and improve operational efficiency opportunities.

Skills

Bank loan operations

ClearPar

Loan accounting

Process documentation

Operational efficiency

Tools

ClearPar

Job description

Our client, a large Life & Annuity company, needs a subject matter expert in the end-to-end bank loan lifecycle to document, and optimize their end-to-end bank loan process from a finance and accounting standpoint. The environment has limited documentation and high reliance on one key individual; this role will formalize process, strengthen controls, and improve operational efficiency.

The ideal candidate has deep experience across the primary and/or secondary bank loan process, including hands-on experience with ClearPar as a system of record.

This is a hands-on process optimization / execution-focused engagement.

This is a remote, W2 hourly interim position with Korn Ferry's client and will require working East Coast hours.

Core Objectives

• Document the end-to-end bank loan lifecycle (origination through settlement and ongoing servicing)
• Design and implement controls, accounting alignment, and governance SOPs
• Identify and execute on operational efficiency opportunities
• Reduce key-person risk and increase scalability

Key Responsibilities

Process Documentation & Standardization

• Map the full bank loan lifecycle (front, middle, back office)
• Identify gaps, workarounds, and undocumented dependencies
• Develop formal process documentation and operating playbooks
• Create role clarity and RACI alignment

Controls & Governance

• Assess current-state controls (preventative and detective)
• Align operational workflows with accounting requirements
• Develop and formalize SOPs and escalation protocols
• Ensure ClearPar usage aligns with policy and regulatory standards

Operational Efficiency

• Evaluate handoffs, redundancies, bottlenecks
• Optimize workflows within ClearPar
• Recommend automation or integration enhancements
• Improve reporting and transparency

Required Experience

• 8-15+ years in bank loan operations (institutional setting)
• Deep knowledge of the end-to-end loan trade lifecycle
• Hands-on experience with ClearPar
• Strong understanding of loan accounting, settlements, and controls
• Experience documenting and formalizing poorly defined processes
• Ability to work independently in environments lacking structure

Location

Remote

Compensation

$70/hr.-$100/hr.

About Korn Ferry

Korn Ferry unleashes potential in people, teams, and organizations. We work with our clients to design optimal organization structures, roles, and responsibilities. We help them hire the right people and advise them on how to reward and motivate their workforce while developing professionals as they navigate and advance their careers. To learn more, please visit Korn Ferry at www.Kornferry.com