Commercial Loan Operations Expert

Retail Region 2 Administration; Brockton (MA); On-site; USD 43,000 - 52,000; Full time

Job summary

Eastern, based in Brockton, MA, seeks an Operations Processor to manage loan boarding, setup, and servicing in a fast-paced environment. The role requires accurate processing of commercial loans, modifications, and monetary transactions, with collaboration across banking partners.

The ideal candidate has 5+ years in loan operations, strong ledger and reconciliation skills, and proficiency with loan systems and Excel.

Qualifications

• Experience in commercial loan operations and servicing.
• Strong knowledge of loan accounting and amortization schedules.
• Ability to research and resolve complex loan discrepancies.

Responsibilities

• Book and maintain commercial, syndicated, participated, and institutional loans in the core loan servicing system.
• Process loan modifications, renewals, extensions, amendments, rate changes, and new funding transactions.
• Process loan payments, advances, paydowns, fees, and other monetary transactions; reconcile balances and activity.
• Support audits, regulatory reviews, and risk controls; ensure documentation accuracy across portfolios.

Skills

Loan servicing

Excel

General ledger

Attention to detail

Analytical problem solving

Education

Bachelor’s degree in business, Finance, Accounting, Economics

Tools

Loan servicing systems

General ledger software

Microsoft Excel

Job description

Eastern, based in Brockton, MA, seeks an Operations Processor to manage loan boarding, setup, and servicing in a fast-paced environment. The role requires accurate processing of commercial loans, modifications, and monetary transactions, with collaboration across banking partners.

The ideal candidate has 5+ years in loan operations, strong ledger and reconciliation skills, and proficiency with loan systems and Excel.