Cash Operations Analyst, ABL & Loan Servicing

Newity LLC; Chicago (IL); On-site; USD 65,000 - 85,000; Full time

Benefits offered by this job

Health Insurance

Dental Insurance

Vision Insurance

Retirement Plan with Company Match

Paid Time Off and Holidays

Job summary

NEWITY is seeking a Cash Operations Analyst to manage processing for our asset-based lending (ABL) portfolio. This role sits at the intersection of loan servicing and cash operations: reviewing borrower base submissions, managing collections and cash application, and keeping loan records accurate in Jack Henry.

The ideal candidate has 3–5 years of experience in loan servicing, loan operations, or cash operations, with hands‑on ABL and Jack Henry servicing experience.

Qualifications

• Bachelor's degree in Economics, Business, Finance, or a related field.
• 3–5 years of professional experience in loan servicing, loan operations, or cash operations.
• Hands‑on ABL experience strongly preferred, including borrower base review, collateral monitoring, and collections.
• Jack Henry loan servicing experience strongly preferred; experience with similar loan servicing platforms considered.
• Proficiency in Microsoft Excel for reconciliations, analysis, and reporting.
• Demonstrated ability to create SOPs and procedural documentation, and to manage a high volume of recurring, deadline‑driven work.
• Comfortable managing multiple deliverables at once and adapting to changing circumstances and priorities.
• Strong interpersonal, written, and verbal communication skills, including working with borrowers and internal partners.
• High attention to detail, with success in roles requiring a high level of quality control.
• Motivation to grow beyond a pure servicing role into a broader servicing plus loan/cash operations position.

Responsibilities

• Review borrowing base certificates and supporting collateral reporting submitted by ABL borrowers, verifying eligibility and availability calculations.
• Monitor borrowing availability and flag exceptions, ineligibles, and potential concerns to the appropriate credit and portfolio teams.
• Manage ABL collections and cash processing, including cash application and payment posting in Jack Henry.
• Process and reconcile advances, paydowns, and payments, ensuring accurate and timely daily cash reconciliation.
• Perform loan servicing activities in Jack Henry, including account maintenance, billing, and payoff processing.
• Follow up with borrowers on missing reporting and past‑due payments, escalating delinquencies as needed.
• Maintain accurate, audit‑ready loan files and supporting documentation.
• Prepare cash, collections, and ABL portfolio reporting for internal teams and external partners as required.
• Create and maintain SOPs and procedural documentation for ABL processing.
• Manage workload/backlog to ensure reasonable turnaround times and response times.
• Perform other ad hoc duties, as needed.

Skills

Excel proficiency

Jack Henry experience

Loan servicing

Cash operations

Attention to detail

Communication skills

Education

Bachelor's degree in Economics, Business, Finance, or related field

Tools

Jack Henry

Microsoft Excel

Job description

NEWITY is seeking a Cash Operations Analyst to manage processing for our asset-based lending (ABL) portfolio. This role sits at the intersection of loan servicing and cash operations: reviewing borrower base submissions, managing collections and cash application, and keeping loan records accurate in Jack Henry.

The ideal candidate has 3–5 years of experience in loan servicing, loan operations, or cash operations, with hands‑on ABL and Jack Henry servicing experience.