Loan Servicing Specialist

Responsibilities

Kforce has a client in Newark, DE that is seeking a Loan Servicing Specialist. This is a client facing role with direct contact with borrowers, lenders, and business partners while performing loan servicing facets. Job Responsibilities:

• Initiate loan activity (fundings, repricings, payments) as instructed by the client in accordance with credit agreements
• Calculate and track 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 (Statements and Ledgers)
• Read and interpret complex legal credit agreements and related documentation, working with attorneys when applicable
• Initiate and reconcile automated funds movement in accordance with client/lender instructions
• Monitor and escalate past due exceptions/breaks including principal, interest, and fees to ensure that the loan accounting system is accurate and provide clients timely and accurate invoices
• Perform maintenance of margin changes and appropriate communication to bank group
• Provide information as requested by Clients, Business Partners, Middle Office, or Lenders
• Monitor control reports updating applicable comments
• Participate in system testing, as needed, which may occur during non-business hours
• Assist with any administrative tasks associated with the terms of a Credit Agreement
• Perform quality control on new deals, restructures, and amendments by thoroughly understanding the credit agreement and verifying system set up accuracy
• Back up co-workers, work on various special projects or other tasks as assigned

Skills

• Excellent oral and written communications skills
• 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 within a team environment
• Strong analytical, problem solving and proven decision-making skills
• General to intermediate accounting knowledge

Preferred Qualifications, Capabilities, and Skills:

• Undergraduate degree
• Experience with reading and interpreting syndicated loan documentation or related experience dealing with legal documentation

The pay range is the lowest to highest compensation we reasonably in good faith believe we would pay at posting for this role. We may ultimately pay more or less than this range. Employee pay is based on factors like relevant education, qualifications, certifications, experience, skills, seniority, location, performance, union contract and business needs. This range may be modified in the future.


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.


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Kforce is a professional staffing services firm offering Technology and Finance & Accounting jobs with top employers nationwide. We specialize in providing contract, contract-to-hire and direct placement opportunities, with over 50 years of experience in the staffing industry. Kforce offers many consultants comprehensive benefits depending on employment status, including medical, dental, 401(K), life insurance and disability. Our vision is to be "the firm most respected by those we serve."