Job Description
Title: Analyst - Loan Operations
Duration: 6 Months Contract
Location:Boston, MA or New York, NY.
Shift: Business Hours
Pay Rate: $81.45/hr. On W2.
Hybrid, with 2 to 3 days onsite
Description:
About the role
LMI is launching a rated note fund with an operational readiness date of Nov. 1. Several senior members of the Loan Operations team, part of Operational Strategy & Delivery (OS&D) in Global Investment Solutions (GIS), hold the deepest knowledge of the loan servicing environment, and they are the people the launch most needs. This role covers their day-to-day workload so they can be redeployed to the project.
Success in the role is measured by business as usual holding steady against existing service levels rather than by project output. The analyst sits with the Loan Operations team, works closely with its members and with the offshore support team, and follows the team’s existing procedures and controls.
The team is newly formed and the launch is absorbing senior attention, so this role suits someone who ramps from written procedure and a short handoff rather than sustained day-to-day direction.
Key responsibilities
Required
Duration: 6 Months Contract
Location:Boston, MA or New York, NY.
Shift: Business Hours
Pay Rate: $81.45/hr. On W2.
Hybrid, with 2 to 3 days onsite
Description:
- Is this supporting any specific project: Project CLASS, rated note fund launch
- What is the most important skillset: Experienced in loan operations, loan servicing or middle office operations at an asset manager, alternative investment firm, insurer, bank or fund administrator.
- Experience with the syndicated and private loan lifecycle, including agent notice interpretation and rate setting mechanics.
- Familiarity with private credit structures, including revolvers and delayed draw facilities and the operational demands they create.
- Trade settlement experience under LSTA or LMA documentation.
About the role
LMI is launching a rated note fund with an operational readiness date of Nov. 1. Several senior members of the Loan Operations team, part of Operational Strategy & Delivery (OS&D) in Global Investment Solutions (GIS), hold the deepest knowledge of the loan servicing environment, and they are the people the launch most needs. This role covers their day-to-day workload so they can be redeployed to the project.
Success in the role is measured by business as usual holding steady against existing service levels rather than by project output. The analyst sits with the Loan Operations team, works closely with its members and with the offshore support team, and follows the team’s existing procedures and controls.
The team is newly formed and the launch is absorbing senior attention, so this role suits someone who ramps from written procedure and a short handoff rather than sustained day-to-day direction.
Key responsibilities
- Process daily loan servicing activity across the private credit portfolio, including agent notices, rate resets and rollovers, drawdowns and delayed draw activity, paydowns, PIK, and interest and fee accrual review.
- Support trade settlement across syndicated and private loan trades, including document review and settlement follow-up.
- Process cash, prepare and confirm wires, and investigate cash breaks.
- Reconcile positions and cash between internal records, agent and custodian records, and the fund administrator, working with each party to clear differences.
- Process lifecycle events, including amendments and corporate actions, and capture changes to loan terms accurately across systems of record.
- Handle exceptions and work with the team on resolution, escalating early and documenting clearly what was done and why.
- Partner with the offshore support team on reconciliation, cash operations and trade operations queues.
- Complete routine reporting and data quality checks on loan and position data.
Required
- 4 to 8 years in loan operations, loan servicing or middle office operations at an asset manager, alternative investment firm, insurer, bank or fund administrator.
- Working knowledge of the syndicated and private loan lifecycle, including agent notice interpretation and rate setting mechanics.
- Familiarity with private credit structures, including revolvers and delayed draw facilities and the operational demands they create.
- Trade settlement experience under LSTA or LMA documentation.
- Reconciliation experience, with a demonstrated ability to research and clear breaks independently.
- Comfortable operating within defined controls and evidencing work for audit.
- Effective collaborator who communicates clearly with team members, agent banks and the fund administrator, and who asks rather than assumes when something looks wrong.
- Strong Excel skills.
- WSO experience, or Allvue, eFront or a comparable loan administration platform.
- Exposure to IBOR and ABOR environments.
- Prior experience covering for a team during a project period, with a fast ramp.
- Experience working alongside an offshore delivery team.
Numbers & Facts
| Location | Boston, MA |
| Industry | Staffing/Employment Agencies |
| Company Size | 2,000 to 2,499 employees |
| Year Founded | 2000 |
| Website | http://www.lancesoft.com/ |
About Company
We are a $125 Million, NMSDC-certified Minority & Woman owned Workforce Solutions Company headquartered in the DC metro area with presence across US with global presence - Canada, Mexico, India, UK, Malaysia, Indonasia, Hongkong, Singapore, UAE. We are specialized in providing Workforce Solutions, SOW project delivery, Engineering Solutions, Creative Services. We currently support 100+ Fortune companies globally and across multiple industry segments. We are currently supporting several massive programs across industry segment nationally/globally (Intel, Ally, AMD, QUALCOMM, Morgan Stanley, Kraft/ Mondelez, MNP, Amdocs, Dell, SanDisk, Medtronic, Becton Dickinson, GE, Lockheed Martin, UTC, L-3 Communications, Caterpillar, BMW, Mercedes Benz, National Grid, Dominion, Energy Future Holdings, PSEG, 3M, Fidelity, Aetna, Humana, Johnson & Johnson, Pfizer, Merck etc).
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender, identity, national origin, disability, or protected veteran status.
Skills
- Analysis Skillsunmatched
- Artificial Intelligence (AI)unmatched
- Asset Managementunmatched
- Communication Skillsunmatched
- Data Qualityunmatched
- Documentationunmatched
- Documentation Reviewunmatched
- Error Handlingunmatched
- Geographic Information Systems (GIS)unmatched
- Investment Managementunmatched
- Loan Operationsunmatched
- Loan Processingunmatched
- Loan Servicingunmatched
- Loansunmatched
- Microsoft Excelunmatched
- Offshoringunmatched
- Operating Systemsunmatched
- Operational Auditunmatched
- Operational Strategyunmatched
- Reconciliationunmatched
- Systems Administration/Managementunmatched
Level up your application
Professional resume templates
Browse dozens of recruiter approved resume templates, layouts and formats. Choose your favorite and make it your own in minutes.
Free resume templatesFree resume builder
Improve your existing resume or start from scratch and create a standout, ATS-friendly resume. Add job-specific content, download and apply.
Free resume builder