Senior Associate, Loan Operations

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.

• 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

• 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

• 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.

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,…