Senior AVP, Loan Operations: Closings & Servicing

Monroe Capital LLC; Chicago (IL); Hybrid; USD 110,000 - 140,000; Full time

Job summary

Monroe Capital LLC in Chicago offers a hybrid Assistant Vice President, Loan Operations role within the Operations team, supporting loan closings, amendments, restructurings, servicing, cash activity and related operational workflows.

The AVP will manage agented and non-agented loan activity, maintain portfolio data, coordinate with lenders, banks, borrowers and funding partners, and drive accurate, timely processing.

Qualifications

• 5-7+ years of relevant accounting, loan operations, or financial services operations experience.
• Demonstrated experience closing and servicing complex syndicated credit facilities.
• Strong understanding of credit agreements and the ability to translate legal and economic terms into accurate servicing system requirements.
• Corporate finance, private credit, middle-market lending, or related loan administration experience.
• Proficiency with Microsoft Office products, including Excel, Word, and Outlook.
• Strong written and verbal communication skills, with the ability to work effectively with internal and external stakeholders at multiple levels.

Responsibilities

• Loan closing and transaction execution: Lead and support operational activities for new loan closings, amendments, restructurings, and other transaction events.
• Portfolio servicing and loan administration: Manage a portfolio of direct agented and non-agented loans, including asset setup and maintenance in Wall Street Office, preparation of closing and funding notices, coordination with lenders, agent banks, participants, borrowers, and funding partners, and support for troubled credits and restructurings.
• Cash, funding, and reconciliation: Process advances, payments, loan continuances, wires, and settlement activity; monitor account activity; identify incoming payments across bank accounts; perform daily cash reconciliations; and partner with Accounting on cash and loan position activity.
• Data integrity and reporting: Maintain accurate loan and portfolio data, prepare client invoices, create system notifications, and ensure internal and external stakeholders have timely and accurate information regarding loan activity and transaction status.
• Process improvement and documentation: Assess existing workflows, identify opportunities to improve efficiency and control, document best practices, and contribute to scalable, consistent operating procedures across the loan operations function.
• Team leadership and training: Review team work product, train loan operations staff on closings and transaction booking, support project management initiatives, and promote consistent standards, accountability, and knowledge sharing across the team.
• Stakeholder communication and service: Build strong working relationships with internal teams, agent banks, customers, lenders, participants, and other external parties. Respond to inquiries related to balances, interest, fees, expenses, audits, and ad hoc requests while providing timely, professional, and solutions-oriented service.
• Risk awareness and special projects: Proactively identify and elevate loan performance or operational concerns, support portfolio management needs, and contribute to business priorities, technology initiatives, and special projects as requested.

Skills

Loan operations

Syndicated loans

Credit agreements

MS Office

Communication skills

Attention to detail

Education

Bachelor's degree in Accounting/Finance

Tools

Wall Street Office (WSO)

Job description

Monroe Capital LLC in Chicago offers a hybrid Assistant Vice President, Loan Operations role within the Operations team, supporting loan closings, amendments, restructurings, servicing, cash activity and related operational workflows.

The AVP will manage agented and non-agented loan activity, maintain portfolio data, coordinate with lenders, banks, borrowers and funding partners, and drive accurate, timely processing.