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Form of workJob Description
BCforward is currently seeking highly motivated Loan Associate Location: Chicago, IL
We place consultants for end clients all over the USA.
Loan Associate
Chicago, IL
6 Months Contract
3 days in office during week and 2 remote.
Job Responsibilities:
Initiate loan activity and reconcile funds movement as instructed by the client in accordance with credit agreements
Track and calculate complex interest and fee accruals at various rate levels
Reconcile daily funding and payment activity to account for all daily cash transactions
Interpret complex legal credit agreements and related documentation
Manage and escalate past due principal, interest, and fees
Maintain accuracy within the loan accounting platform in order to provide timely invoices
Maintain margin changes and appropriate communication to participating external banking groups
Provide information as requested by clients, business partners, middle office, or lenders
Monitor exception reports and updating applicable comments
Review new deals, restructures, and amendments by also verifying system accuracy
Required Qualifications, Capabilities, and Skills:
Minimum 2 years related industry experience and/or account management
Strong knowledge of Treasury bank funding fundamentals
Excellent oral and written communications skills along with strong interpersonal & client servicing skills
Solid working knowledge of Microsoft Office applications (i.e. Excel, Word and PowerPoint)
Ability to manage concurrent assignments in an effective, efficient, and organized manner
Ability to work independently and partner well within a team environment
Strong analytical, problem solving and proven decision-making skills
Experience with reading and interpreting Loan Documentation
Preferred Qualifications, Capabilities, and Skills:
Bachelor’s Degree
Knowledge and familiarity with managing a portfolio of 30+ multicurrency syndicated deals.
Understanding of Revolver and Term loan pricing options
Knowledge or familiarity with currency payments using SWIFT MT202’s and MT103 payment formatting
LOANIQ experience
Knowledge navigating payments, reconciliation and exception management within proprietary platforms
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“We must inform you that during the hiring process, we may ask for you to disclose and provide us with various categories of your personal information, including identifiers such as your name and address, professional information, commercial information, education information, and other related information. Please note that we will only use this information to facilitate and complete the recruiting process. This posting is not an offer of employment. The submission of intentionally false or fraudulent information in response to this job posting shall render the applicant ineligible for the position. BCforward is an equal opportunity employer. Any subsequent offer of employment shall be considered employment at will regardless of the anticipated assignment duration.”
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.
To learn more about how BCforward collects and uses personal information as part of the recruiting process, view our Privacy Notice and CCPA Addendum. As part of the recruitment process, we may ask for you to disclose and provide us with various categories of personal information, including identifiers, professional information, commercial information, education information, and other related information. BCforward will only use this information to complete the recruitment process.
This posting is not an offer of employment. All applicants applying for positions in the United States must be legally authorized to work in the United States. The submission of intentionally false or fraudulent information in response to this posting may render the applicant ineligible for the position. Any subsequent offer of employment will be considered employment at-will regardless of the anticipated assignment duration.
