Loan Operations Specialist – Hybrid Chicago

Monroe Capital LLC; Chicago (IL); Hybrid; USD 65,000 - 85,000; Full time

Job summary

Monroe Capital LLC in Chicago is seeking an organized Associate loan closer/servicer to join the operations team. The hybrid position requires 3-4 days in the office, handling adoption of loan documents, settlements, and portfolio management tasks with attention to accuracy.

You will review legal documents, set up assets, manage a portfolio of deals, process wires, and provide proactive loan activity updates.

Qualifications

• 1+ years of experience in banking/financial field preferred.
• Strong work ethic.
• Works well independently as well as in a team environment.
• Good written and verbal communication skills.
• Ability to interface with numerous constituencies at various levels.
• Self-starter with a positive attitude and the ability to work independently and conscientiously.
• Proficiency with the Microsoft Office products.
• Ability to multi-task, balancing many responsibilities simultaneously.
• Familiarity with the Wall Street Office loan system and proficiency in processing a plus.
• Bachelor’s Degree in Accounting, Finance or Business Administration preferred.

Responsibilities

• Review legal documents and extract relevant information.
• Set up and maintain assets for various funds in Wall Street Office.
• Manage a portfolio of deals.
• Post customer advances, payments and loan contract continuances and complete all daily work in timely and accurate manner.
• Enter wires to settle with participants and funding partners while ensuring that all members remain in sync.
• Invoice clients and create system notifications of activity.
• Provide excellent customer service by keeping required parties apprised of loan activity.
• Assist with the closing, funding and booking of new deal transactions.
• Respond to internal and external inquiries regarding loan balances, interest, fees and expenses and respond to ad-hoc requests.
• Proactively identify loan performance concerns and communicate these to the portfolio management team.
• Perform daily cash reconciliation.
• Assist the Accounting Department with questions regarding reconciliation of cash and loan position activity.
• Special projects upon request

Skills

Strong work ethic

Independent worker

Communication skills

Multi-tasking

Education

Bachelor’s Degree in Accounting, Finance or Business Administration

Tools

Wall Street Office

Microsoft Office

Job description

Monroe Capital LLC in Chicago is seeking an organized Associate loan closer/servicer to join the operations team. The hybrid position requires 3-4 days in the office, handling adoption of loan documents, settlements, and portfolio management tasks with attention to accuracy.

You will review legal documents, set up assets, manage a portfolio of deals, process wires, and provide proactive loan activity updates.