We are looking for an experienced Commercial Loan Servicing Operations Specialist to join our team in New Haven, Connecticut. This role is ideal for someone with a strong background in banking operations and commercial loan servicing, who is ready to contribute to the efficiency and accuracy of our lending processes. As a long-term contract position, this opportunity offers the chance to play a vital role in supporting our commercial lending portfolio while collaborating with various departments.<br><br>Responsibilities:<br>• Manage the full range of back-office operations for commercial loan accounts, including processing payments, adjustments, advances, and payoffs.<br>• Handle loan boarding and booking into the bank’s system, ensuring data is accurate and processed in a timely manner.<br>• Monitor and execute transactions such as loan payments, escrow, and fees while adhering to regulatory and internal compliance standards.<br>• Process and review modifications, extensions, renewals, and covenant monitoring for commercial loans.<br>• Reconcile general ledger accounts related to commercial lending, troubleshoot discrepancies, and support accurate financial reporting.<br>• Address inquiries from internal teams and clients regarding commercial loan accounts, offering prompt and reliable assistance.<br>• Collaborate with credit, risk, and audit teams to address discrepancies, support audits, and refine operational processes.<br>• Prepare and evaluate reports on loan portfolios, payment histories, and exceptions to ensure data integrity.<br>• Identify opportunities for process improvements and contribute to system upgrades that enhance servicing functionality.
<p>Rare opportunity to join a dynamic finance company that provides credit solutions across diverse industries, where you’ll work alongside exceptionally intelligent yet approachable colleagues in a down-to-earth, warm, and inviting culture—offering you an enjoyable, easygoing, yet challenging and rewarding career.</p><p> </p><p>As the team expands they're looking for a skilled individual with a loan servicing operations background. Compensation range will depend on the experience the individual brings to the table, from 3 years to 30+ years.</p><p>For immediate consideration please send resumes (<strong><em>so long as you have all 3 must have requirements</em></strong>) directly to Jennifer.Beilin@Roberthalf com. You will not be considered if you do not have all 3 requirements listed below (degree, WSO, 3+ yrs experience).</p><p>Thank you!</p><p> </p><p><strong>Responsibilities:</strong></p><ul><li>Accurately input and update loan data in portfolio systems, including handling funding, repayments, rate adjustments, and amendments.</li><li>Review and interpret loan documentation to validate terms, interest calculations, and payment schedules.</li><li>Monitor loan activity and compliance, managing covenant reporting and collateral documentation effectively.</li><li>Coordinate with borrowers, agents, trustees, and internal teams to address loan-related notices, instructions, and inquiries.</li><li>Reconcile loan transactions and balances with internal records, custodians, and financial accounts.</li><li>Process borrower payments and rate settings while ensuring correct allocation of principal, interest, and associated fees.</li><li>Facilitate loan participation and syndication processes, including communication with counterparties and accurate tracking of positions.</li><li>Generate and prepare regular and ad hoc reports for management, investors, and regulatory purposes.</li><li>Assist in responding to audit requests and contribute to improving internal loan operation procedures.</li></ul><p> </p><p><strong>Must have</strong> requirements to be considered for the role:</p><ul><li>Bachelor’s degree in Finance, Accounting, Business, or a related field.</li><li>At least 3 years of recent, relevant experience in loan servicing, with a focus on commercial loans.</li><li>Proficiency in using loan servicing software such as WSO, LoanIQ or ACBS</li></ul>
