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Commercial Loan Servicer - Banking

Fast Switch, Ltd. New Britain Full-Time
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Job ID: 53710

Our client in New Britain, Connecticut is seeking a Commercial Loan Servicer.

NO CORP-TO-CORP SUBMISSIONS ACCEPTED FOR THIS POSITION. Applicants must be able to work directly for Fast Switch as a W2 Employee (US Citizens and all other parties authorized to work in the US without sponsorship are encouraged to apply).

Summary:

The incumbent is responsible for providing dedicated Commercial Loan processing and other banking services to all syndicated/Agency serviced deals. Commercial Loan Servicers work in teams on a shared portfolio with tasks being assigned to each member of the team to service the portfolio. They also work closely with front office, borrowers, agents, and other Corporate Banking departments.

Senior Commercial Loan Servicers perform completeness check to ensure all executed documents are collected and/or delivered by all parties involved; ensure knowledge of the Syndicated Loan product and business, including an understanding of a Credit Agreement, loan funding mechanics, deal structure, funds flow, etc.

Establish on-going communication with deal teams and bank groups regarding any changes or issues to the Loan Agreement or deal structure

Position skill requirements:

  • 5+ years' experience in commercial loan servicing environment, including interactions with multiple systems (ex. ACBS, reporting tools)
  • Foreign currency loan processing experience preferred
  • Strong analytical skills especially related to transaction calculation and account reconciliation
  • Detail oriented
  • Ability to effectively multitask in a fast paced environment
  • Superb time management skills
  • Strong interpersonal skills
  • Ability to challenge the status quo
  • Open to change
  • Ability to influence others
  • Ability to deliver Superior customer service to all clients both internal and external, understanding all aspect of loan processing, ensuring requests are processed accurately within established credit guidelines and departmental procedures
  • Results driven
  • Effective problem solving skills
  • Effective oral and written communication skills
  • Working knowledge of Microsoft Office product suite
  • Prior experience working with business partners to collect and review pre-syndicated loan documents ahead of closing large transaction
  • Daily reconciliation ensuring cash items are matched and to determine what should be reported as past due.
  • Monitors delinquencies and evaluates loan issues. Estimates final financial impact to the Bank.
  • Ensures department policies and procedures are adhered to and data input is accurate.
  • Ability to set priorities, develop a work schedule, monitor progress toward goals and track activities.
  • Self-Starter with ability to work well independently as well as with a Team.
  • Process loan portfolio seamlessly and accurately and anticipates business needs
  • The incumbent is responsible to reconcile/verify Syndicate member distribution lists (excel templates) are accurate with Commercial lending application (ACBS).
  • Work with minimum supervision
  • Working knowledge of Commercial lending applications (ACBS preferred)
  • Strong knowledge of commercial loan documentation
  • Other loan related and miscellaneous tasks (i.e. Break funding, DDA related, FX activity, Manual entries, and etc.).

Education:

  • Bachelor's Degree is required: major in Accounting or Finance is preferred

Other requirements:

  • May train other team members as needed on departmental policies and procedures
  • Receptive to increasing levels of responsibilities and additional process improvement projects at management's request
  • Other responsibilities as assigned

Fast Switch, Ltd. is a high-growth IT staffing firm, with headquarters in Dublin, Ohio and with offices serving the Columbus, Detroit, Boston, Cincinnati, Minneapolis, Phoenix, Hartford, Los Angeles, Tucson, San Francisco, Denver, and Cleveland metropolitan areas. We have a staff of over 780 associates and have experienced growth while remaining profitable.

Compensation can vary depending on experience and capability, plus benefits which include healthcare, dental, and vision insurance, long term disability coverage, and 401(k) with match and IMMEDIATE vesting. Our benefits package, in this day and age, is superb.

To view all of our open positions, please go to: www.fastswitch.com and/or navigate to our Careers page.

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Recommended skills

Complex Problem Solving
Time Management
Finance
Multitasking
Self Motivation
Attention To Detail
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