Loan Operations Specialist

· Remote

Location

Remote

Type

Full Time

Job Description

CSCJobs
Loan Operations Specialist

Loan Operations Specialist

Posted 12 Hours Ago
Be an Early Applicant
New York NY USA
Hybrid
80K-124K Annually
Junior
Fintech • Legal Tech • Software • Financial Services • Cybersecurity • Data Privacy
CSC is a global leader in providing business legal tax and digital brand services to companies around the world.
The Role
The Loan Operations Specialist supports loan processing invoicing and compliance while managing a book of business and communicating with stakeholders.
Summary Generated by Built In
Job Description
Loan Operations Specialist / Senior Loan Operations Specialist
Hybrid (three days onsite) in New York City
Monday through Friday 8 to 5
Summary:
This position reports to the Head of Loan Operations (US) and will be a junior member of our dynamic team of professionals engaged in the delivery of a range of operational services on complex capital markets transactions.
The CSC Delaware Trust portfolio is growing both in size and complexity. An experienced individual is required to support the growth and adequately manage the day-to-day administration of a diverse range of transactional requirements.
The successful candidate will be required to work closely with a broad range of stakeholders including investment banks private equity and private credit funds law firms and audit firms. It is not unusual to have direct contact with client CFO's and Treasury Managers and therefore a high degree of professionalism attention to detail and strong communication skills are essential.
Some of the things you will be doing:
The candidate in this role will support an assigned book of business with volume fluctuating quarterly. Responsibilities include but are not limited to the following:
  • Invoicing Borrowers
  • Processing Loan Rollovers
  • Supporting Letter of Credit Activity
  • Facilitating & Managing Loan Payments
  • Facilitating Unscheduled Repayments/Borrowings
  • Generating Reports (daily weekly monthly quarterly)
  • Ensuring compliance with data governance standards for all deals and stakeholders across internal and external databases.
  • Maintaining all aspects within the Loan System for their assigned deals. This includes but is not limited to the following:
    • Bank/Borrower/Credit Agreement/Lender Identifiers
    • Holiday Calendars
    • Borrower/Lender Standard Settlement Instructions
    • Global and Position Borrower/Lender Data
    • Lender Registers
    • Contact Distributions for Agent Notices as well as Credit Contacts
    • Tax Information for all Borrower and Lender Details
  • Addressing inbound stakeholder queries via email or phone promptly and in alignment with business standards
  • Reading/Reviewing Credit Agreements / Facility Agreements for operation continuity
  • Assisting Transaction Managers with Deal Closings and preliminary reviews
  • Documenting Operational Procedures

What technical skills qualifications and experience do you need?
  • Bachelor's Degree preferred or 1-5+ years of Banking and/or Relevant Financial Services Experience (Loan Operations) experience
  • Knowledge of Loan Facility Agreements and understanding of roles involved in Bilateral Syndicated Loans and Project Finance Loans. Additional experience in other areas such as bonds or structured finance will also be highly regarded
  • Knowledge of financial markets and products is essential as is experience in the use of payments systems for confirming and settling these products
  • Experience using WSO Loan IQ DebtDomain iLEVEL ClearPar or other similar loan/banking platform preferred
  • Understanding of general loan operations workflow with the ability to recognize key issues related to clients' loan activities and the knowledge of the necessary steps for remediating those issues
  • Understanding of the processes of deal structuring distribution documentation funding and post-closing management. Proactively identifying and resolving challenges to ensure smooth operation and compliance with regulatory and internal standards
  • Eye for detail in reviewing financial documents structuring deals and accurately calculating rates fees payouts etc.
  • Ability to work effectively with numbers identify discrepancies and maintain a high level of accuracy in all tasks directly contributes to the smooth execution of loan transactions and the elimination of errors or operational risks
  • Ability to generate ad hoc calculations as needed for a customer/client. Ad hoc calculations include but are not limited to the following: interest calculations paydown calculations pro-rata splits per diem calcs payoff letter calculations etc.
  • Commitment to ensuring thorough and robust quality checks in all aspects of loan processing with a focus on maintaining high standards and not compromising on accuracy or compliance
  • Proficiency in using MS Office suite of applications with a particular focus towards Excel

At CSC compensation decisions are dependent on a number of factors including job location and the knowledge and experience of each individual. A reasonable estimate of the current range is $80000 to $124000.
#LI-SP1
#CSCCAREERS
#HYBRID
#LOANOPERATIONS
About Us
CSC is a global business legal and financial services company based in Wilmington Delaware USA providing knowledge-based solutions to clients worldwide. We have offices and capabilities in over 140 jurisdictions in the Americas Europe Asia Pacific and the Middle East and more than 8000 colleagues. We are the business behind business.®
Visit our careers site to learn more about CSC and our commitment to our clients communities and each other.
CSC is committed to creating a feeling of belonging through a diverse and growth-oriented environment where everyone is valued.
CSC colleagues have global career opportunities and excellent benefits including annual success-sharing bonuses or commission plans based on individual performance. To learn more visit cscglobal.com/service/careers.
We offer a range of support to colleagues with disabilities ensuring people have the necessary resources to thrive in their roles. We encourage candidates to work closely with our talent acquisition partners to convey their specific needs. Our commitment to accessibility reflects our broader dedication to diversity and belonging
CSC only accepts resumes from employment agencies that are part of our approved supplier program. Resumes submitted from other agencies either to talent acquisition our hiring leaders employees or through any other mechanism other than our supplier process will not be eligible to claim related fees and the submitted resumes will be considered property of CSC.
We encourage candidates to apply directly to our website and not through third-party sources.
Disclaimer: The information above describes the general nature and level of work performed by employees in this role. It is not intended to describe all duties responsibilities and qualifications.
About the Team
At CSC® we're always looking ahead finding ways to innovate challenge the status quo and anticipate the needs of our clients. We exceed expectations by adapting client ambitions and goals as our own. This Fierce Client Spirit has helped us adapt and create solutions that have enabled businesses to run smoother and smarter for more than 125 years. It's also the reason we're the trusted partner of many of the world's most successful organizations.
CSC is committed to attracting developing and retaining talented people whose values align with ours. We empower our colleagues to bring the right solutions to market to meet client demand. That's why we are the leading provider of business administration and compliance solutions.
  • CSC is a great place to work with smart and dedicated people.
  • We have won several employer recognition awards including Top Workplace USA Great Places to Work India and Built In's Best Places to Work.
  • We offer fulfilling work and career opportunities. Most positions are filled with internal moves and employee referrals.
  • Employees are eligible for Success Sharing bonuses or commission plans based on role and individual performance.
  • CSC offers a competitive and comprehensive benefits package that includes annual leave tuition reimbursement referral bonuses and more.
  • As business needs allow CSC offers hybrid or remote work schedules in alignment with local regulations. Specific details for this position will be discussed during the interview process.

Skills Required

  • Bachelor's Degree preferred or 1-5+ years of Banking and/or Relevant Financial Services Experience
  • Knowledge of Loan Facility Agreements and understanding of roles in Loans
  • Knowledge of financial markets and payment systems experience
  • Experience using WSO Loan IQ or similar platforms
  • Understanding of loan operations workflow

What the Team is Saying

Mary Ellen
Luke
Ron
Jill
George
Kitty
Steve
Nikhitha
Angie
Halley
Audrey

CSC Compensation & Benefits Highlights

  • Healthcare StrengthMultiple Aetna medical options (EPO POS HSA‑compatible CDHP) plus dental (Aetna) vision (VSP) CVS Caremark pharmacy FSAs/HSAs and optional accident/critical‑illness/hospital indemnity are available. Employer‑paid short‑term and long‑term disability and a no‑cost EAP strengthen the health and income‑protection offering.
  • Parental & Family SupportTwelve weeks fully paid maternity leave and six weeks fully paid parental and adoption leave are provided after 30 days of employment. Dependent coverage parameters are clear with children covered to age 26.
  • Retirement SupportA 401(k) program is highlighted with an "industry‑leading" 6% company match. Public benefits summaries emphasize health and disability details with full retirement plan terms provided in role‑ or location‑specific materials.

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The Company
HQ: Wilmington DE
8500 Employees
Year Founded: 1899

What We Do

CSC is a global leader in providing business legal tax and digital brand services to companies around the world. With more than 8000 employees CSC operates in more than 140 jurisdictions delivering solutions that help businesses thrive. We pride ourselves on our client-focused approach market-leading expertise and unmatched global reach.

Why Work With Us

CSC gives its employees the autonomy to innovate and problem solve to grow and to share their expertise and to be a part of a group that genuinely cares for each other and their customers. We offer an excellent benefits package along with good work-life balance in a fun and collaborative environment.

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Employees engage in a combination of remote and on-site work.

Typical time on-site: Flexible
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Date Posted

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