Syndicated Lending Loan Servicing Account Manager

BCforward is currently seeking a highly motivated Syndicated Lending Loan Servicing Account Manager for an opportunity in Chicago, IL.

Job Title: Syndicated Lending Loan Servicing Account Manager

Location: Chicago, IL 60603
Job Type: Contract
Duration: 6+ month contract with possible extension or conversion to FTE
Pay rate: $35.17/hr.
Anticipated Start Date: Asap


Job Description:


Initiate loan activity (fundings, repricings, payments) as instructed by the client, by credit agreements
Calculation and tracking of 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
Read and interpret complex legal credit agreements and related documentation, working with attorneys when applicable
Initiate and reconcile automated funds movement by client/lender instructions
Monitor and escalate past due principal, interest, and fees to ensure that the loan accounting system is accurate and provide clients with timely and accurate invoices
Maintenance of margin changes and proper communication to the bank group
Provide information as requested by Clients, Business Partners, Middle Office, or Lenders



Qualifications, skills, and capabilities:


3-5 years of Loan/Lending Operations experience
Extensive knowledge of reading and interpreting syndicated credit agreements (pre/post-close)
Excellent interpersonal and written/verbal communication skills
Strong analytical thinker who can identify connections between various pieces of data and systems and quickly articulate client impact
Ability to effectively multitask and prioritize competing demands
Ability to manage and autonomously resolve complex problems

Benefits:

BCforward offers all eligible employees a comprehensive benefits package including, but not limited to major medical, HSA, dental, vision, employer-provided group life, voluntary life insurance, short-term disability, long-term disability, and 401k.

About BCforward:

Founded in 1998 on the idea that industry leaders needed a professional service, and workforce management expert, to fuel the development and execution of core business and technology strategies, BCforward is a Black-owned firm providing unique solutions supporting value capture and digital product delivery needs for organizations around the world. Headquartered in Indianapolis, IN with an Offshore Development Center in Hyderabad, India, BCforward's 6,000 consultants support more than 225 clients globally.

BCforward champions the power of human potential to help companies transform, accelerate, and scale. Guided by our core values of People-Centric, Optimism, Excellence, Diversity, and Accountability, our professionals have helped our clients achieve their strategic goals for more than 25 years. Our strong culture and clear values have enabled BCforward to become a market leader and best in class place to work.

BCforward is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against based on disability.