Entry Level Loan Servicing Specialist (Accountant)

Wholesale Lending Services (WLS) is part of the Commercial Bank providing lending servicing support to multiple business units across the firm and around the world. The Operation provides loan documentation; closing and funding; payment and fee processing; syndication loan trade processing; credit administration; collateral perfection and management, customer service and reporting; and construction management. Initiate loan activity (fundings, repricings, payments) as instructed by the client in accordance with credit agreements Calculation and tracking of complex interest and fee accruals at various rate levels across changing lender distributions Reconcile daily funding and payment activity to account for all daily cash transactions Read and interpret complex legal credit agreements and related documentation working with attorneys when applicable Initiate and reconcile automated funds movement in accordance with client/lender instructions Monitor and escalate past due principal, interest, and fees to ensure that the loan accounting system is accurate and provide clients timely and accurate invoices Maintenance of margin changes and proper communication to bank group Provide information as requested by Clients, Business Partners, Middle Office, or Lenders Monitor control reports updating applicable comments Assist with any administrative tasks associated with the terms of a Credit Agreement Perform quality control on new deals, restructures and amendments by thoroughly understanding the credit agreement verifying system set up accuracy Back up co-workers, work with various special projects or other tasks as assigned Undergraduate degree is strongly preferred but related job and industry experience can be accepted as a substitute (3+ years) Solid working knowledge of Microsoft Office applications (i.e. Excel, Word and PowerPoint) Ability to manage concurrent assignments in an effective, efficient and organized manner Experience reading and interpreting syndicated loan documentation or related experience supporting syndicated loans and using LoanIQ preferred Ability to work independently within a team environment Excellent oral and written communications skills and strong interpersonal/client servicing skills Strong interpersonal/client servicing skills Strong analytical, problem solving and judgment skills Flexible working schedule with some overtime required

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