What are the responsibilities and job description for the Loan Servicing Specialist position at Kforce Inc?
Responsibilities
Kforce has a client in Newark, DE that is seeking a detail-oriented and analytical Loan Operations Analyst to join their team. This role is responsible for administering complex commercial loan transactions, ensuring compliance with credit agreements, maintaining accurate loan accounting records, and providing exceptional service to clients, lenders, and internal business partners. The ideal candidate has strong analytical skills, experience interpreting legal loan documentation, and the ability to manage multiple priorities in a fast-paced environment. Key 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 in Newark, DE that is seeking a detail-oriented and analytical Loan Operations Analyst to join their team. This role is responsible for administering complex commercial loan transactions, ensuring compliance with credit agreements, maintaining accurate loan accounting records, and providing exceptional service to clients, lenders, and internal business partners. The ideal candidate has strong analytical skills, experience interpreting legal loan documentation, and the ability to manage multiple priorities in a fast-paced environment. Key Responsibilities:
- Process loan transactions, including fundings, repricings, and payments, in accordance with client instructions and credit agreements
- Calculate, monitor, and reconcile complex interest and fee accruals across multiple rate structures and changing lender distributions
- Reconcile daily funding and payment activity to ensure all cash transactions are accurately recorded
- Review, interpret, and apply complex credit agreements and related legal documentation, collaborating with attorneys and internal partners as needed
- Initiate and reconcile automated fund movements based on client and lender instructions
- Monitor outstanding principal, interest, and fee payments, escalating past-due items and ensuring timely and accurate client invoicing
- Bachelor's degree in Finance, Accounting, Business Administration, or a related field preferred
- Experience in commercial loan operations, loan servicing, syndicated lending, or financial services preferred
- Strong understanding of commercial loan documentation and credit agreements
- Excellent analytical, problem-solving, and reconciliation skills
- Ability to interpret legal and financial documentation with a high degree of accuracy
- Proficiency with Microsoft Excel and loan accounting or servicing systems
- Strong organizational skills with the ability to prioritize multiple tasks and meet deadlines
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