Commercial Loan Operations Expert

Commercial Alliance; Troy (MI); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

Medical

Dental

Vision

Life Insurance

401k Match

Paid Time Off

EAP

Tuition Reimbursement

Job summary

Commercial Alliance is hiring a Commercial Loan Operations Specialist in Troy, MI. The role focuses on administering loan payments, ledger entries, and escrow-related tasks for partner credit unions, with NACHA compliance and month-end reporting responsibilities.

The ideal candidate will have 5+ years in loan operations, strong accounting knowledge, and experience with automated loan systems. We offer a robust benefits package and career growth opportunities in a collaborative environment.

Qualifications

• Excellent verbal and written communication skills and the ability to work with personnel from all areas of the company.
• Working knowledge of automated loan accounting systems, general ledger systems and basic understanding of accounting principles.

Responsibilities

• Administer daily loan payments and process corresponding general ledger entries, ensuring compliance with loan documents and accurate accounting.
• Handle credit union requests for line of credit advances, ensuring accurate ledger entries and correct accounting treatment.
• Review daily loan transactions and cash accounts to confirm proper collection and application of payments.
• Track and manage ACH payments in compliance with NACHA risk protocols and internal controls.
• Collaborate with Loan Officers to address returned payments and ensure timely resolution.
• Coordinate month-end and quarter-end loan reporting, including loan reconciliation packages.
• Oversee the tracking and processing of loan payoff requests.

Skills

Processing loan payments

General ledger accounting

NACHA compliance

Escrow management

Loan reporting

Team collaboration

Deadline-driven

Communication

Education

Bachelor’s Degree in Business Administration/Finance

Minimum 5 years of loan operations experience

Tools

Automated loan accounting systems

Job description

Commercial Alliance is hiring a Commercial Loan Operations Specialist in Troy, MI. The role focuses on administering loan payments, ledger entries, and escrow-related tasks for partner credit unions, with NACHA compliance and month-end reporting responsibilities.

The ideal candidate will have 5+ years in loan operations, strong accounting knowledge, and experience with automated loan systems. We offer a robust benefits package and career growth opportunities in a collaborative environment.