Senior Loan Specialist (contract)

BNY; Pittsburgh (Allegheny County); Hybrid; USD 42,000 - 52,000; Full time

Benefits offered by this job

Hybrid work arrangement

Medical coverage

Dental coverage

Vision coverage

Retirement benefits via Tundra

Job summary

BNY seeks a Loan Specialist to join the Credit Services Administration team in Pittsburgh, PA. This hybrid role supports loan closing readiness, credit agreement interpretation, facility setup and activation, ongoing facility maintenance, regulatory data requirements, and portfolio monitoring across Corporates, Financial Institutions, and Real Estate lending.

This role is based in Pittsburgh with an expectation of 4 days onsite per week and standard hours of 8:30 AM–5:00 PM Eastern.

Qualifications

• 1+ years of experience in loan servicing, middle office, credit administration, or related financial services function.
• Understanding of the credit loan lifecycle, including closings, onboarding, and maintenance events.
• Strong analytical, organizational, and time management skills.
• Ability to work in a high-intensity, fast-paced environment with multiple priorities.
• Strong communication skills and ability to collaborate across stakeholders.
• Proficiency with Microsoft Excel and the broader Office Suite.
• Bachelor’s degree in Finance, Economics, Accounting, or Business Administration.

Responsibilities

• Loan Origination Coordination: onboarding, facility setup, activation of credit facilities; interpret credit agreement terms.
• Credit Documentation Review: extract key terms from credit agreements and documents.
• Facility Setup & Lifecycle Management: manage onboarding, amendments, waivers, extensions, repricings, restructurings.
• Portfolio Monitoring: monitor loan portfolios, reconcile activity, support covenant compliance.
• Stakeholder Coordination: work with lenders, loan operations, regulators, and internal teams.
• Regulatory & Quality Control Support: ensure data integrity and regulatory reporting readiness (FR Y-14Q, 2052a).
• Cross‑Functional Change Support: assist migration to a new loan system; gather requirements and test.
• Cross‑Training & Development: build expertise across corporates, real estate, FIs; broaden skills over time.

Skills

Analytical skills

Communication skills

Organizational skills

Time management

Team collaboration

Microsoft Excel

Education

Bachelor’s degree in Finance, Economics, Accounting, or Business Administration

Tools

Microsoft Excel

Job description

At BNY, our culture allows us to run our company better and enables you to grow and succeed. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world’s investible assets. Every day, our teams harness cutting‑edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.

Recognized as a top destination for innovators and champions of inclusion, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance – and this is what is all about. Join us and be part of something extraordinary.

Job Summary

We are seeking a Loan Specialist to join the Credit Services Administration team in Pittsburgh, PA. This hybrid role supports Credit Services Institutional Bank Lending divisions. This middle – office role supports loan closing readiness, credit agreement interpretation, facility setup and activation, ongoing facility maintenance, regulatory data requirements and portfolio monitoring across Corporates, Financial Institutions, and Real Estate lending.

This role is based in Pittsburgh with an expectation of 4 days onsite per week and standard hours of 8:30 AM–5:00 PM Eastern.

Key Responsibilities

• Loan Origination Coordination: Coordinate the onboarding, facility setup, and activation of new and amended bilateral and syndicated credit facilities. Interpret complex credit agreement and loan documentation, ensure facility terms are accurately captured in source systems and partner with major stakeholders throughout the life of the credit facilities.
• Credit Documentation Review: Analyze and interpret credit agreements and related legal documentation to extract and validate key economic and structural terms such as rates, fees, covenants, maturities, and other deal attributes
• Facility Setup & Lifecycle Management: Own facility setup and maintenance across the loan lifecycle, including onboarding, amendments, waivers, extensions, repricings, restructurings, and related updates
• Portfolio Monitoring: Monitor assigned loan portfolios, reconcile activity across stakeholders, and support covenant compliance and ongoing portfolio administration
• Stakeholder Coordination: Work closely with lenders, loan operations, administrators, regulatory partners, and other internal business stakeholders across multiple platforms and lines of business
• Regulatory & Quality Control Support: Ensure data integrity, quality control, and compliance with internal procedures and applicable reporting requirements, including support for regulatory processes such as FR Y-14Q and 2052a
• Cross‑Functional Change Support: Support migration to a new loan system by partnering with business teams on requirements gathering, testing, and stakeholder coordination
• Cross‑Training & Development: Build expertise across different segments such as corporates, real estate, and financial institutions, with opportunity for broader cross‑training over time

Qualifications

• 1+ years of experience in loan servicing, middle office, credit administration, or a related financial services function
• An understanding of the credit loan lifecycle, including closings, onboarding, and maintenance events
• Strong analytical, organizational, and time management skills
• Ability to work effectively in a high‑intensity, fast‑paced environment with multiple priorities
• Strong communication skills and ability to collaborate across a broad set of internal and external stakeholders
• Proficiency with Microsoft Excel and the broader Microsoft Office Suite
• Bachelor’s degree in Finance, Economics, Accounting, or Business Administration

Preferred Experience

• Experience reading and interpreting credit agreements and other complex legal or lending documentation

Why Join Us

Join a collaborative Credit Services Administration team supporting complex syndicated loan activity in a highly visible middle office function. This role offers strong exposure to deal execution, portfolio monitoring, regulatory processes, and cross‑functional partnership across lending, operations, and business teams. You’ll work alongside experienced colleagues, receive hands‑on training and shadowing, and have the opportunity to broaden your knowledge across multiple banking segments over time.

At BNY, our culture speaks for itself, check out the latest BNY news at:

BNY Newsroom

BNY LinkedIn

Here’s a few of our recent awards:

America’s Most Innovative Companies, Fortune, 2025

World’s Most Admired Companies, Fortune 2025

“Most Just Companies”, Just Capital and CNBC, 2025

Pay Rate Range

30.4 - 38 USD hourly

Benefits Information

Optional benefits offering include medical, dental, vision and retirement benefits via Tundra Technical Solutions.