Loan Administration Consultant
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Overview
Remote
On-site
Compensation
$40-$45/hour
Job Description
Title: Loan Administration ConsultantOffice Status: In-OfficePay Rate: $40-$45Contract Length: Not specifiedABOUT THE ROLEA financial institution is seeking a detail-oriented professional to support the operational side of its commercial lending business. This role will handle loan documentation, transaction processing, portfolio reporting, reconciliations, and day-to-day operational controls while partnering with internal teams and outside legal counsel. The ideal candidate has early-career commercial banking experience, strong attention to detail, and the ability to manage multiple time-sensitive activities in a regulated environment.RESPONSIBILITIES
- Coordinate with legal counsel and internal stakeholders to facilitate commercial loan closings and ensure approved terms are accurately reflected in final documentation.
- Organize and coordinate execution of loan documents with borrowers and other required parties.
- Process day-to-day commercial loan transactions, including advances, payments, fees, credit limit changes, and interest-rate adjustments.
- Monitor loan operations activity to ensure transactions are completed accurately, efficiently, and within required timelines.
- Perform daily reconciliations between loan system activity and general ledger balances, investigating and resolving discrepancies.
- Maintain complete and organized electronic and physical loan records in accordance with internal procedures.
- Prepare recurring reports and portfolio information for management and other internal stakeholders.
- Review operational activity for adherence to applicable banking regulations, internal policies, procedures, and compliance requirements.
- Assist with system implementations, enhancements, upgrades, user acceptance testing, and related operational projects.
- Work collaboratively with lending, operations, accounting, compliance, and other internal teams to resolve issues and maintain smooth loan servicing operations.
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FAQs About Loan Administration Consultant Jobs at Madison-Davis
What is the work location for this position at Madison-Davis?
This job at Madison-Davis is located in New York, NY, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.
What pay range can candidates expect for this role at Madison-Davis?
Candidates can expect a pay range of $40–$45 per hour for this role.
What employment applies to this position at Madison-Davis?
The employer has not provided this information. This may be discussed during the hiring process.
What is the process to apply for this position at Madison-Davis?
You can apply for this role at Madison-Davis either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.