Loan Operations Analyst

Akkodis; Boston (MA); Hybrid; USD 96,000 - 103,000; Full time

Benefits offered by this job

Medical, dental, vision

401K plan

Paid leave

Job summary

Akkodis is seeking a Loan Operations Analyst for a contract role in Boston, MA or New York, NY. Hybrid—2 to 3 days on-site, 6-month duration with possible extension. Pay range is $70-$75 per hour on W2.

The role focuses on daily loan servicing, settlement, reconciliation, and lifecycle events within a newly formed Loan Operations team that supports a rated note fund launch. Strong collaboration with offshore and on-site teams is required.

Qualifications

• 4–8 years in loan operations or middle office roles.
• Experience with syndicated and private loan lifecycles.
• Trade settlement and reconciliation experience.
• Ability to operate within defined controls and audits.
• Clear communicator and collaborative teammate.
• Experience with offshore delivery teams is a plus.

Responsibilities

• Process daily loan servicing activity across the private credit portfolio, including agent notices, rate resets and rollovers, drawdowns and delayed draw activity, paydowns, PIK, and interest and fee accrual review.
• Support trade settlement across syndicated and private loan trades, including document review and settlement follow-up.
• Process cash, prepare and confirm wires, and investigate cash breaks.
• Reconcile positions and cash between internal records, agent and custodian records, and the fund administrator, working with each party to clear differences.
• Process lifecycle events, including amendments and corporate actions, and capture changes to loan terms accurately across systems of record.
• Handle exceptions and work with the team on resolution, escalating early and documenting clearly what was done and why.
• Partner with the offshore support team on reconciliation, cash operations, and trade operations queues.
• Complete routine reporting and data quality checks on loan and position data.

Skills

Loan operations

Loan servicing

Middle office operations

Syndicated loan lifecycle

Trade settlement

Reconciliation

Audit controls

Communication

Tools

Allvue

eFront

Job description

Akkodis is seeking a Loan Operations Analyst for a contract role with a client in Boston, MA, or New York, NY

Location: Boston, MA or New York, NY. Hybrid, with 2 to 3 days on-site

Duration: 6-Month contract + Possible Extension or CTH

Pay Range: $70-$75 per hour on W2. The rate may be negotiable based on factors such as experience, education, geographic location, and other relevant considerations.

• Interview Details: Likely 2 rounds
• Is this supporting any specific project: Project CLASS, rated note fund launch
• What is the most important skill set: Experienced in loan operations, loan servicing or middle office operations at an asset manager, alternative investment firm, insurer, bank or fund administrator. Experience with the syndicated and private loan lifecycle, including agent notice interpretation and rate-setting mechanics. Familiarity with private credit structures, including revolvers and delayed draw facilities and the operational demands they create.Trade settlement experience under LSTA or LMA documentation.

About the role

Launching a rated note fund with an operational readiness date of Nov. 1. Several senior members of the Loan Operations team, part of Operational Strategy & Delivery (OS&D) in Global Investment Solutions (GIS), hold the deepest knowledge of the loan servicing environment, and they are the people the launch most needs. This role covers their day-to-day workload so they can be redeployed to the project.

Success in the role is measured by business-as-usual holding steady against existing service levels rather than by project output. The analyst sits with the Loan Operations team, works closely with its members and with the offshore support team, and follows the team’s existing procedures and controls.

The team is newly formed, and the launch is absorbing senior attention, so this role suits someone who ramps up from written procedure and a short handoff rather than sustained day-to-day direction.

Key responsibilities

• Process daily loan servicing activity across the private credit portfolio, including agent notices, rate resets and rollovers, drawdowns and delayed draw activity, paydowns, PIK, and interest and fee accrual review.
• Support trade settlement across syndicated and private loan trades, including document review and settlement follow-up.
• Process cash, prepare and confirm wires, and investigate cash breaks.
• Reconcile positions and cash between internal records, agent and custodian records, and the fund administrator, working with each party to clear differences.
• Process lifecycle events, including amendments and corporate actions, and capture changes to loan terms accurately across systems of record.
• Handle exceptions and work with the team on resolution, escalating early and documenting clearly what was done and why.
• Partner with the offshore support team on reconciliation, cash operations, and trade operations queues.
• Complete routine reporting and data quality checks on loan and position data.

Qualifications

Required

• 4 to 8 years in loan operations, loan servicing, or middle office operations at an asset manager, alternative investment firm, insurer, bank, or fund administrator.
• Working knowledge of the syndicated and private loan lifecycle, including agent notice interpretation and rate setting mechanics.
• Familiarity with private credit structures, including revolvers and delayed draw facilities and the operational demands they create.
• Trade settlement experience under LSTA or LMA documentation.
• Reconciliation experience, with a demonstrated ability to research and clear breaks independently.
• Comfortable operating within defined controls and evidencing work for audit.
• Effective collaborator who communicates clearly with team members, agent banks and the fund administrator, and who asks rather than assumes when something looks wrong.

Preferred

• WSO experience, or Allvue, eFront or a comparable loan administration platform.
• Exposure to IBOR and ABOR environments.
• Prior experience covering for a team during a project period, with a fast ramp.
• Experience working alongside an offshore delivery team.
• Familiarity with AI tools such as Claude, ChatGPT or Gemini in an operations context.

Equal Opportunity Employer/Veterans/Disabled

Benefit offerings available for our associates include medical, dental, vision, life insurance, short-term disability, additional voluntary benefits, an EAP program, commuter benefits, and a 401K plan. Our benefit offerings provide employees the flexibility to choose the type of coverage that meets their individual needs. In addition, our associates may be eligible for paid leave, including Paid Sick Leave or any other paid leave required by Federal, State, or local law, as well as Holiday pay where applicable. Disclaimer: These benefit offerings do not apply to client-recruited jobs and jobs that are direct hires to a client.

To read our Candidate Privacy Information Statement, which explains how we will use your information, please visit https://www.akkodis.com/en/privacy-policy.

The Company will consider qualified applicants with arrest and conviction records in accordance with federal, state, and local laws and/or security clearance requirements, including, as applicable:

• The California Fair Chance Act
• Los Angeles City Fair Chance Ordinance
• Los Angeles County Fair Chance Ordinance for Employers