Commercial Loan Operations Specialist

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

Here at Commercial Alliance, we do more together. We thoughtfully prepare, we get stuff done, and we celebrate. Our colleague experience is second to none, attracting top talent from across the industry.

The Culture

• Supportive Teams
• Inspiring spaces to work, recharge and collaborate

The Benefits

• Competitive Compensation
• Medical, Dental, and Vision Benefits
• Life Insurance
• Paid Time Off: Including vacation, sick days, bereavement, jury duty, disability, and holidays
• Employee Assistance Program
• 401k Match
• Tuition Reimbursement

Position:Commercial Loan Operations Specialist

Location: Troy, MI

Job Id:177

# of Openings:1

COMMERCIAL LOAN OPERATIONS SPECIALIST

Commercial Alliance provides a comprehensive suite of lending services designed to help credit unions succeed with business members across six states. We are looking for an enthusiastic, self-motivatedprofessional to assist with our Loan Operations.
The Loan Operations Specialist administrates accounting and related functions for partner Credit Unions that utilize monthly loan payments and daily advances on lines of credit as well as assisting both internal and external personnel on all MBL related questions and /or requests. Maintains accurate accounting and disbursement of all escrow property taxes.

ESSENTIAL DUTIES AND 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.
• Support Loan Operations team members as needed and assist with ad-hoc reporting for internal and external stakeholders.
• Ensure accuracy of onboarded loans and initial loan bookings.
• Oversee ACH file management and ensure any changes are appropriately processed in accordance with NACHA guidelines.
• Collaborate with Loan Officers to address and resolve returned payments, ensuring accurate accounting and follow-up actions.
• Coordinate month-end and quarter-end loan reporting, including loan reconciliation packages.
• Track and manage incoming loan funding requests.
• Manage and respond to incoming emails related to Loan Operations.
• Prepare monthly reconciliations for Settlement Liability accounts.
• Oversee the tracking and processing of loan payoff requests.

REQUIRED SKILLS/ABILITIES

• Processing loan payments and accurately updating corresponding general ledger accounts for both Commercial Alliance and partner Credit Unions.
• Ability to identify and correctly process escrow payments and allocate them to the appropriate deposit accounts.
• Responsible for remitting semi-annual property tax payments to municipalities for escrowed properties.
• Proficient in reviewing and ensuring the accuracy of new loan bookings.
• Experience with weekly ACH file management and ensuring proper accounting for any changes.
• Strong collaboration skills to work with Loan Officers to address returned payments and ensure timely resolution.
• Experience with month-end and quarter-end loan reporting and reconciliation.
• Tracking and processing incoming loan funding.
• Strong organizational skills with a focus on meeting deadlines and managing competing priorities.

EDUCATION AND EXPERIENCE

REQUIRED:

• 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.

PREFERRED

• Minimum of 5 years’ experience preferably with a background in loan operations
• Bachelor’s Degree in Business Administration, Finance, or related field

WHAT WE OFFER

Commercial Alliance offers exciting and challenging opportunities to thrive in a dynamic, collaborative, and innovative environment. As a member of our team, you'll benefit from a competitive salary and comprehensive benefits package. Additionally, you'll have access to unique opportunities for professional and personal growth, along with recognition and rewarding experiences.

If you are a strategic thinker with a passion for delivering exceptional products and working in a fast-paced environment, we would love to hear from you.

Commercial Alliance is an equal opportunity employer. We prohibit discrimination and harassment of any kind based on race, color, religion, age, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state or local laws.