What are the responsibilities and job description for the Loan Operations Analyst position at The Inland Real Estate Group LLC?
The Loan Operations Analyst will address day-to-day servicing needs for a large portfolio of diverse commercial loans and borrowers. Servicing matters to include, but not be limited to, tracking proper documentation and payments, tracking and delivering required reporting, reviewing covenant compliance and responding to general lender inquires. The goal of this position is to aid in delivering a consistent, accurate and timely loan administration process.
CORE RESPONSIBILITIES :
- Demonstrate highest standards of personal and professional integrity, adheres to company's policies and procedures, and complies with applicable laws, government rules and regulations.
- Maintain working knowledge of commercial loan payments and loan documentation.
- Enter payment and payoff transactions to the Chatham loan system with a very high degree of accuracy.
- Upholds thorough processes and procedures to ensure loan compliance.
- Collect all required reports and financial statements due to lenders and distribute in a timely fashion; creating ad hoc reports as necessary to meet lender reporting requirements.
- Address lender question and inquiries on financial statements by coordination with assigned accounting and / or asset management personnel to provide concise / consolidated response(s) to lender.
- Ensure completion of post-closing loan obligations are completed with required timeframe and properly evidenced with lender by coordinating with applicable department members, internal counsel, asset management affiliate and applicable property manager, such that post close obligations.
- Proactively track and identify debt service coverage ratio issues & other financial covenants.
- Initiate monthly loan payments to multiple banks to avoid past due loan payments.
- Calculate monthly payment allocations among properties on various self-storage portfolios.
- On a monthly basis, download and / or scan loan billing and derivative statements (ie. swaps) from the various banks for the accounting team and save statements in appropriate system folders.
- Create and / or renew any LEI's needed for swaps and caps.
- Coordinate property inspections with asset managers; and assist with responses to lender on any property deficiencies noted in property inspection reports.
- Assist in responding to the @servicing email. Provide outstanding customer service and display a positive demeanor at all times.
- Strong analytical, time management and organizational skills.
- Ability to communicate effectively, both verbally and in writing.
- Ability to work well under pressure and deadlines.
- High level of accuracy and attention to detail.
- Ability to organize, prioritize and follow through on work assignments.
QUALIFICATIONS : Education
Experience :
Skills :
Annual Base Salary Range : $ 66,000-$85,000 . This position is eligible to participate in the company's annual discretionary bonus program.
Inland offers a competitive range of benefits for eligible Full-time employees :
This position is eligible as an internal promotion opportunity.
To learn more about the Benefits Inland offers its employees please click the link to learn more.
We are a drug-free workplace. Pre-employment background checks and drug screening is performed on all new hires, in accordance with applicable laws and regulations.
We are an Equal Opportunity Employer. We consider applicants for all positions without regard to race, color, religion, sex, national origin, age, sexual orientation, familial, marital or veteran status, disability, or any other legally protected classes.
We are an E-Verify employer. Please click the following link to learn more.
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Salary : $66,000 - $85,000
