Commercial Loan Administrator

ApTask; New York (NY); On-site; USD 70,000 - 90,000; Full time

Job summary

ApTask is seeking candidates with a minimum of 3-4 years of experience in syndicated loan operations for a role in New York. Ideal candidates must have direct experience with LoanIQ and a solid understanding of SOFR-based lending conventions. Attention to detail in a high-volume, deadline-driven environment is crucial. Experience at a major bank and knowledge of structured credit products are preferred. This position is essential for facilitating complex loan transactions.

Qualifications

• Minimum 3-4 years of hands-on experience in syndicated loan operations.
• Direct working experience with LoanIQ is non-negotiable.
• Understanding of SOFR-based lending conventions.

Skills

Syndicated loan operations experience

LoanIQ proficiency

Attention to detail

Tools

Microsoft Dynamics

Job description

• Minimum 3-4 years of hands-on experience in syndicated loan operations at a bank, fund administrator, or financial institution
• Direct, daily working experience with LoanIQ — this is non-negotiable. Candidates must be able to navigate deal/facility/loan hierarchies, process servicing events, and troubleshoot system issues independently
• Demonstrated experience in at least two of the following three areas: loan booking/deal setup, participant servicing, agency servicing
• Understanding of SOFR-based lending conventions, including rate lookback mechanics, compounding methods, and fallback provisions
• Ability to read and interpret credit agreements, amendments, and agent notices to extract operational terms
• Strong attention to detail in a high-volume, deadline-driven environment

PREFERRED QUALIFICATIONS

• Prior experience at a bulge-bracket or large regional bank in a loan operations or loan servicing role (in the big banks)
• Experience with structured credit products: CLO warehouses, CRE warehouses, subscription finance / capital call facilities
• Experience with Microsoft Dynamics or similar case management / workflow tools