What are the responsibilities and job description for the Loan Servicing Associate - Agency Servicing position at Dexian?
Position Summary
Our client is seeking a Loan Servicing Associate, responsible for providing operational support for syndicated credit structures and bilateral loans for the Agency Servicing team. This client-facing role involves initiating loan activities, calculating interest and fees, reconciling daily cash transactions, reading and interpreting legal credit agreements, and ensuring system accuracy. The position requires managing multiple concurrent tasks efficiently while maintaining high attention to detail and effective communication within a team environment.
- Initiate loan activities such as fundings, repricings, and payments in accordance with credit agreements.
- Calculate and monitor complex interest and fee accruals across varying rate levels and changing lender distributions.
- Reconcile daily funding and payment activities to ensure accuracy in statements and ledgers.
- Read and interpret complex legal credit agreements, collaborating with legal staff when necessary.
- Reconcile automated funds transfers based on client and lender instructions.
- Monitor and escalate past due situations including principal, interest, and fees, ensuring accurate invoicing.
- Maintain records of margin adjustments and communicate updates to relevant stakeholders.
- Provide requested information to clients, business partners, middle office, or lenders.
- Update control reports and participate in system testing activities as needed.
- Assist with administrative tasks related to credit agreement terms.
- Perform quality checks on new deals, restructures, and amendments, verifying system setup accuracy.
- Support co-workers and contribute to various projects and tasks as assigned.
- Excellent oral and written communication skills
- Strong interpersonal and client servicing abilities
- Proficiency in Microsoft Office applications (Excel, Word, PowerPoint)
- Effective management of multiple concurrent assignments with organizational skills
- Ability to work independently and collaboratively within a team
- Analytical, problem-solving, and decision-making skills
- Basic to intermediate accounting knowledge
- Bachelor's degree is required
- Experience with reading and interpreting syndicated loan documentation or comparable legal documentation
- Prior internship experience in a related field
This role offers the chance to develop a well-rounded skill set within loan servicing operations, working directly with clients, lenders, and legal documents. Over six months, there is potential for role and grade advancement within the organization, with a focus on gaining practical experience in structured finance operations. The position provides a collaborative work environment, emphasizing teamwork and professional growth.
Dexian stands at the forefront of Talent Technology solutions with a presence spanning more than 70 locations worldwide and a team exceeding 10,000 professionals. As one of the largest technology and professional staffing companies and one of the largest minority-owned staffing companies in the United States, Dexian combines over 30 years of industry expertise with cutting-edge technologies to deliver comprehensive global services and support.
Dexian connects the right talent and the right technology with the right organizations to deliver trajectory-changing results that help everyone achieve their ambitions and goals. To learn more, please visit https://dexian.com/.
Dexian is an Equal Opportunity Employer that recruits and hires qualified candidates without regard to race, religion, sex, sexual orientation, gender identity, age, national origin, ancestry, citizenship, disability, or veteran status.
Salary : $20 - $25