Job Summary

Loan/Asset Administrator in Chicago, IL 60603

  • Location:
    Chicago, Illinois
  • Job reference:
  • Category:
    Customer Service (non-IT)
  • Contract Type:
    Contract/Temp to Hire

Loan/Asset Administrator in Chicago, IL 60603
A fortune 200 company and the fifth largest banks in the US is looking for a Loan/Asset Administrator in the Chicago area.
Job Overview:
Location: Chicago, IL 60603
Job Details:

  • Loan/Asset Administration is responsible for monitoring and maintaining pools of bank loans that act as collateral for CDO/CLOs. CDOs are structured finance vehicles that issue both debt and equity liabilities, with the proceeds being used to buy a portfolio of collateral. Typical types of collateral include syndicated bank loans, corporate bonds, asset-backed securities, mortgage-backed securities, and Mezzanine debt.
  • Works with external agent banks as well as areas of trust fixed-income operations including security movement, income collections and wires.
  • Relied on by the Deal Administration, Analytics, and Relationship Management departments to accurately and timely process interest payments, principal payments, fees, borrowings, and new payment information.
  • B.S./B.A. degree. Recent college graduates encouraged!
  • 6 months to 2+ years applicable work experience.
  • Strong reading comprehension, critical thinking, and analytical skills.
  • Motivated self-starter with a proven ability to learn new concepts quickly.
  • Demonstrable ability to research and resolve payment and data discrepancies.
  • Able to work independently with minimal guidance and as part of a team.
  • Excellent verbal and written communication skills.
  • Strong interpersonal skills including tact, diplomacy, and flexibility to work effectively with cross-functional teams across various sites.
  • Able to prioritize workload and complete assignments in a timely manner with attention to detail and high degree of accuracy.
  • Utilize logical reasoning and sound judgment to make appropriate decisions following established policies and procedures.
  • Proficient computer skills, including Microsoft Excel.
  • Work experience administering bank loans a plus as well as experience with loan documents and/or legal documents.

So, if you are wanting to take the next step in your career and work for a Fortune 200 company as a Loan/Asset Administrator in Chicago, IL 60603 APPLY NOW!

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