About this opportunity
Kforce lists this Loan Servicing Specialist opportunity in newark, Delaware. Review the employer’s description below for duties, qualifications and application requirements.
Job description
Responsibilities
Kforce has a client that is seeking a Loan Servicing Specialist in Newark, DE.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 Undergraduate degree preferred
Solid working knowledge of Microsoft Office applications (i.e., Excel, Word, and PowerPoint)
General to intermediate accounting knowledge
Excellent oral and written communications skills
Strong interpersonal & client servicing skills
Strong analytical, problem solving and proven decision-making skills
Ability to manage concurrent assignments in an effective, efficient, and organized manner
Ability to work independently within a team environment
Experience with reading and interpreting syndicated loan documentation or related experience dealing with legal documentation preferred
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."
Worksite address
newark, DE, 19711, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.