Loan Operations Analyst

SpectrumCareers; Bethesda (MD); On-site; USD 80,000 - 90,000; Full time

Job summary

An established industry player is on the lookout for a detail-oriented Loan Operations Analyst to join its dynamic team. This role is pivotal in ensuring the accuracy and compliance of loan transactions, requiring collaboration with clients and internal teams. You will manage loan documentation, track movements, and oversee operational reporting while ensuring compliance with contractual terms. If you thrive in a fast-paced environment and have a passion for financial services, this is the perfect opportunity to make a significant impact in a growing firm dedicated to exceptional service and strong client relationships.

Qualifications

• 2+ years of experience in loan operations or financial services.
• Strong understanding of financial operations and loan documentation.

Responsibilities

• Manage loan documentation and ensure compliance with internal controls.
• Act as the primary contact for clients and suppliers regarding loan operations.

Skills

Loan Operations

Financial Services

Problem Solving

Communication

Time Management

Attention to Detail

Education

Bachelor's degree in Finance

Bachelor's degree in Accounting

Bachelor's degree in Business Administration

Tools

NetSuite

Oracle

Job description

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Base pay range

$80,000.00/yr - $90,000.00/yr

About Us: We are a growing financial services firm specializing in providing tailored financing solutions to clients across multiple industries. Our team is dedicated to delivering exceptional service, ensuring the smooth operation of all loan transactions, and fostering strong relationships with both internal and external stakeholders. We are looking for a highly organized and detail-oriented Loan Operations Analyst to join our operations team and play a key role in managing our financial processes.

Job Description: As a Loan Operations Analyst, you will be responsible for supporting the day-to-day activities of the loan operations function, ensuring the accuracy, efficiency, and compliance of all loan-related transactions. You will collaborate with both clients and internal teams to ensure smooth loan administration and operations. Your role will involve managing loan documentation, processing transactions, tracking loan movements, and ensuring alignment with internal controls and procedures.

Key Responsibilities:

1. Client and Supplier Liaison: Act as the primary point of contact for day-to-day operational activities with both clients and suppliers, addressing inquiries, providing updates, and resolving any operational issues.
2. Loan Documentation & Transaction Processing: Manage the intake, verification, and processing of loan documentation and related financial transactions, ensuring accuracy and compliance with internal and external requirements.
3. Inventory and Collateral Management: Monitor and track the movements of inventory or collateral securing loans, ensuring alignment with client and loan terms. Reconcile inventory balances with internal systems and reporting from third-party warehouses or service providers.
4. Loan Requests and Payments: Coordinate the preparation and submission of loan draw requests and payment initiation to suppliers. Draft and track borrowing requests to lenders as required.
5. Reconciliation of Accounts: Reconcile loan-related payments with borrower and supplier accounts, ensuring accuracy in financial records. Address discrepancies and resolve issues promptly.
6. Ensure Compliance: Oversee the execution of loan agreements and inventory programs, ensuring compliance with all contractual terms and conditions, including financial limits and covenants.
7. Cross-Departmental Collaboration: Partner with Finance and Client Management teams to ensure accurate general ledger entries, payment processing, and the resolution of any discrepancies or issues that arise.
8. Operational Reporting: Assist in the creation of financial and operational reports related to loan activities, inventory movements, and payment histories for internal stakeholders.
9. Problem Solving & Issue Resolution: Collaborate with internal and external teams to identify and resolve operational issues that may affect loan processing, payments, or reporting.

Qualifications:

1. Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
2. 2+ years of experience in loan operations, financial services, or a related field.
3. Strong understanding of financial operations, loan documentation, and reconciliation processes.
4. Experience with financial systems such as NetSuite, Oracle, or similar ERP systems.
5. Knowledge of inventory management, collateral tracking, or loan servicing processes is a plus.
6. Excellent organizational and time-management skills with the ability to manage multiple tasks and deadlines.
7. Strong attention to detail and problem-solving abilities.
8. Excellent communication skills and ability to work collaboratively with both clients and internal teams.
9. Ability to thrive in a fast-paced, dynamic work environment and adapt to changing priorities.

Seniority level

Associate

Employment type

Full-time

Job function

Analyst, Finance, and Other

Industries

Loan Brokers, Banking, and Financial Services