Senior Associate, Loan Operations

Description

Position Overview:

The Senior Associate primary focus will be the management of a portfolio of agented and non-agented loan transactions. We are seeking a skilled and experienced loan closer / servicer to join our growing operations team who should be able to work independently with an understanding of commercial lending terminology.

This is a hybrid position working 2-3 days a week from our Chicago office.

Duties and Responsibilities:

• Close and book new transactions (including amendments and restructures to existing deals),create system input documents and overall coordination of the operational portion of a new deal closing Review relevant draft legal documents and provide value added operational comments
• Develop strong relationships with the deal closing and underwriting teams to ensure successful and efficient deal closings
• Set up and maintain assets for various funds in Wall Street Office
• Manage a portfolio of direct agented and non-agented deals
• Prepare closing and funding notices and coordinate with multiple lenders
• Post customer advances, payments and loan contract continuances, and reconcile daily
• Settle with participants and funding partners while ensuring that all members remain in sync
• Invoice clients and create system notifications of activity
• Provide excellent customer service by keeping direct agented customers and participants apprised of loan activity
• Respond to internal and external inquiries regarding loan balances, interest, fees and expenses and respond to ad-hoc requests and audit inquiries
• Monitor account activity and identify incoming payments from multiple bank accounts
• Proactively identify loan performance concerns and communicate these to the portfolio management team
• Perform daily cash reconciliation
• Assist the Accounting Department with questions regarding reconciliation of cash and loan position activity
• Correspond with agent banks to reconcile variances on indirect deals Initiate wire transfer of funds as required
• Special projects upon request
  
  
  

Requirements

• 5 years of Accounting or Operations experience
• In depth experience closing and servicing complex syndicated credit facilities
• Advanced understanding of legal credit agreements and the ability to translate them into servicing system requirements
• Corporate Finance or Middle Market lending background
• Proficiency with the Microsoft Office products
• Ability to interface with numerous constituents at various levels
• Self-starter with a positive attitude and the ability to work independently and conscientiously
• Ability to multi-task, balancing many responsibilities simultaneously
• Strong work ethic – work with a high sense of urgency – detailed oriented
• Works well in a team environment
• Good written and verbal communication skills
• Familiarity with the Wall Street Office loan system and proficiency in processing a plus
• Bachelor’s Degree in Accounting, Finance or Business Administration preferred
  
  
  

Physical Requirements

• Sitting: Frequently (approximately 70–80% of the workday)
• Required for computer work, phone communication, and administrative tasks.
• Standing and Walking: Occasionally (approximately 20-30% of the workday)
• May be required for filing, retrieving documents, or walking between departments or meeting rooms.
• May be required to walk between Monroe offices located on different floors in the building
• May be required to use a step-stool to access supplies
• Lifting/Carrying: Occasionally
• Must be able to lift and carry items such as office supplies, boxes of paper, or small equipment (typically up to 20 pounds).
• Reaching/Bending: Occasionally
• Required when organizing supplies, accessing low or high shelves, or setting up meeting rooms.
• Typing/Keyboard Use: Frequently
• Daily use of computer, keyboard, mouse and other office equipment is required.
• Vision and Hearing: Frequently
• Adequate vision for reading reports, emails, and spreadsheets.
• Adequate hearing for phone conversations and verbal communication in meetings.
• Speaking: Frequently
• Must be able to communicate clearly with staff, vendors, and external partners.
  

Compensation: It is expected that the base salary range for this position will be $85,000-$120,000. Actual salaries may vary based on factors such as skills, experience, and qualifications for the role. The total compensation package for this position may also include other elements and discretionary awards in addition to a full range of medical, financial and / or other benefits (including 401(k) eligibility and various paid time off benefits such as vacation, sick time and parental leave) dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment. If hired, the employee will be in an ‘at-will position’ and the Firm reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time including for reasons related to individual performance, Firm or individual department / team performance and market factors.

Disclaimer: The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

About Monroe Capital

Monroe Capital LLC (“Monroe”) is a premier asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, alternative credit solutions, structured credit, real estate and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors. Monroe’s platform offers a wide variety of investment products for both institutional and high net worth investors with a focus on generating high quality “alpha” returns irrespective of business or economic cycles. The firm is headquartered in Chicago and has 11 locations throughout the United States, Asia and Australia.

Monroe has been recognized by both its peers and investors with various awards including Private Debt Investor as the 2024 Lower Mid-Market Lender of the Year, Americas and 2023 Lower Mid-Market Lender of the Decade; Inc.’s 2024 Founder-Friendly Investors List; Global M&A Network as the 2023 Lower Mid-Markets Lender of the Year, U.S.A.; DealCatalyst as the 2022 Best CLO Manager of the Year; Korean Economic Daily as the 2022 Best Performance in Private Debt – Mid Cap; Creditflux as the 2021 Best U.S. Direct Lending Fund; and Pension Bridge as the 2020 Private Credit Strategy of the Year. For more information and important disclaimers, please visit www.monroecap.com.