Job Title: Loan Servicing Specialist
Location: Newark, DE
Duration: Contract - 6 months
Pay Range: $20/hr -$22/hr (W2)
About BCforward
BCforward is a leading global IT consulting and workforce solutions firm providing services and support to Fortune 500 and government clients. Founded in 1998, BCforward has grown with our customers needs into a full-service business solutions provider. With delivery centers and offices across North America and India, we take pride in building long-term relationships and delivering excellence through innovation, collaboration, and integrity.
Job Description
We are seeking a Loan Servicing Specialist IV, Structured Loan and Agency Servicing to join our dynamic team. The ideal candidate will have strong experience in syndicated and bilateral loan servicing, cash reconciliation, and credit agreement interpretation and a proven ability to execute complex loan lifecycle events with accuracy, timeliness, and client focus.
Responsibilities:
- Initiate loan activity including fundings, repricings, and payments per credit agreements and client instructions.
- Calculate and track complex interest and fee accruals across changing lender distributions and rate levels.
- Reconcile daily funding and payment activity to statements and ledgers to ensure completeness of cash transactions.
- Read and interpret complex legal credit agreements and related documents, partnering with attorneys when applicable.
- Initiate and reconcile automated funds movements in accordance with client and lender instructions.
- Monitor and escalate past due exceptions and breaks, including principal, interest, and fees, to maintain accurate loan accounting and timely invoices.
- Maintain margin changes and communicate updates to the bank group.
- Provide information to clients, business partners, middle office, and lenders upon request.
- Monitor control reports and update applicable comments.
- Participate in system testing as needed, including during non-business hours.
- Assist with administrative tasks associated with credit agreement terms.
- Perform quality control on new deals, restructures, and amendments by validating system setup against the credit agreement.
- Back up co-workers and support special projects or other assigned tasks.
Required Skills & Qualifications:
- Excellent oral and written communication skills with client-facing experience.
- Strong interpersonal skills and client service orientation.
- Proficiency in Microsoft Excel, Word, and PowerPoint.
- Ability to manage concurrent assignments in an organized and efficient manner.
- Ability to work independently within a team environment.
- Strong analytical, problem-solving, and decision-making skills.
- General to intermediate accounting knowledge.
Preferred Skills:
- Bachelor's degree.
- Experience reading and interpreting syndicated loan documentation or similar legal documents.
Role Logistics and Notes:
- Work location: Newark, DE. In-office presence required 5 days per week.
- Work schedule: 9:00 a.m. to 6:00 p.m., with potential overtime at quarter ends.
- Interview process: One round panel interview. Zoom is acceptable.
- Conversion: Eligible after 6 months in role. Post-conversion grade: 502. RTH will be determined toward the end of the assignment.
- Immigration: Not eligible for employer-sponsored immigration support.
- Candidates: Recent graduates are welcome. Internship experience preferred. Bachelor's degree required.
Top Skills and Team Fit:
- Attention to detail, clear communication, and teamwork.
- Demonstrated curiosity and organization. Candidates should ask thoughtful questions.
Why BCforward?
At BCforward, we believe in advancing lives and careers. When you join our team, you gain access to:
- Competitive compensation and benefits
- Opportunities for growth with global clients
- A supportive, inclusive culture that values innovation and people
- Exposure to cutting-edge technologies and projects
About Our Commitment
BCforward is an equal opportunity employer. We value diversity and are committed to creating an inclusive environment for all employees. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, age, disability, or veteran status.
Interested? Apply Now!
If this sounds like the right opportunity for you, please apply with your most recent resume.
Email ID:
Phone No.: 513-480-8317