What are the responsibilities and job description for the Loan Servicing Specialist position at Kforce Inc?
Responsibilities
Kforce has a client that is seeking a Loan Servicing Specialist in Newark, DE. Job Responsibilities:
We offer comprehensive benefits including medical/dental/vision insurance, HSA, FSA, 401(k), and life, disability & ADD insurance to eligible employees. Salaried personnel receive paid time off. Hourly employees are not eligible for paid time off unless required by law. Hourly employees on a Service Contract Act project are eligible for paid sick leave.
Note: Pay is not considered compensation until it is earned, vested and determinable. The amount and availability of any compensation remains in Kforce's sole discretion unless and until paid and may be modified in its discretion consistent with the law.
This job is not eligible for bonuses, incentives or commissions.
Kforce is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.
By clicking “Apply Today” you agree to receive calls, AI-generated calls, text messages or emails from Kforce and its affiliates, and service providers. Note that if you choose to communicate with Kforce via text messaging the frequency may vary, and message and data rates may apply. Carriers are not liable for delayed or undelivered messages. You will always have the right to cease communicating via text by using key words such as STOP.
Kforce has a client that is seeking a Loan Servicing Specialist in Newark, DE. Job Responsibilities:
- Initiate loan activity (fundings, repricings, payments) as instructed by the client in accordance with credit agreements
- Calculate and track 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 (Statements and Ledgers)
- 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 exceptions/breaks including principal, interest, and fees to ensure that the loan accounting system is accurate and provide clients timely and accurate invoices
- Perform maintenance of margin changes and appropriate communication to bank group
- Provide information as requested by Clients, Business Partners, Middle Office, or Lenders
- Monitor control reports updating applicable comments
- Participate in system testing, as needed, which may occur during non-business hours
- 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 and verifying system set up accuracy
- Back up co-workers, work on various special projects or other tasks as assigned
- Undergraduate degree preferred
- Solid working knowledge of Microsoft Office applications (i.e., Excel, Word, and PowerPoint)
- General to intermediate accounting knowledge
- Excellent oral and written communications skills
- Strong interpersonal & client servicing skills
- Strong analytical, problem solving and proven decision-making skills
- Ability to manage concurrent assignments in an effective, efficient, and organized manner
- Ability to work independently within a team environment
- Experience with reading and interpreting syndicated loan documentation or related experience dealing with legal documentation preferred
We offer comprehensive benefits including medical/dental/vision insurance, HSA, FSA, 401(k), and life, disability & ADD insurance to eligible employees. Salaried personnel receive paid time off. Hourly employees are not eligible for paid time off unless required by law. Hourly employees on a Service Contract Act project are eligible for paid sick leave.
Note: Pay is not considered compensation until it is earned, vested and determinable. The amount and availability of any compensation remains in Kforce's sole discretion unless and until paid and may be modified in its discretion consistent with the law.
This job is not eligible for bonuses, incentives or commissions.
Kforce is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.
By clicking “Apply Today” you agree to receive calls, AI-generated calls, text messages or emails from Kforce and its affiliates, and service providers. Note that if you choose to communicate with Kforce via text messaging the frequency may vary, and message and data rates may apply. Carriers are not liable for delayed or undelivered messages. You will always have the right to cease communicating via text by using key words such as STOP.
Salary : $25 - $26