Summary
A comprehensive overview of the core duties and operational functions performed by a loan operations professional.
Loan Operations Specialist Responsibilities
Highlights
Loan Execution and Settlement
Responsible for collaborating with business partners to execute loan closings and ensuring logistics feasibility. This includes settling trades accurately to maintain precise books, records, and P&L accruals.
Servicing and Cash Management
Executes essential servicing events such as drawdowns, paydowns, and rollovers. Manages cash functions including wire remitting, receipt processing, internal journaling, and reconciling sources and uses of cash.
Compliance, Reporting, and Administration
Reviews credit agreements and amendments to verify closing scopes, handles exception reporting, and reconciles fees with internal and external stakeholders. Also tasked with updating procedures, supporting ad hoc projects, and mentoring new team members.