Loan Origination Associate I

LLM Suite Respons

Join the firm that FORTUNE has named one of the top five “World’s Most Admired Companies” and LinkedIn ranked #1 out of 50 of the best companies in the U.S. for best places to work and grow your career. Apply today to become part of an exciting team that values your expertise and dedication.

As a Loan Origination Associate in our Asset Based Lending team, you will be responsible for reading, comprehending, and interpreting complex loan and security agreements, coordinating deal team meetings, and identifying risks in loan documentation. You will also be expected to review loan documents for accuracy, understand all aspects of fee accounting, and coordinate the closing and funding of transactions.

Job Responsibilities:

• Review loan documents for accuracy compared to what was approved via internal credit reporting application, operational conditions, and find minute changes in legal documentation that directly impact loan operations processes or Loan IQ system constraints.
• Review complex disbursement authorizations/funds flow, identify inconsistencies within the funds flow, and be aware of what forms of wire transfers Asset Based Lending can and cannot perform to adhere to policies and procedures.
• Understand all aspects of fee accounting, Loan IQ fee types and transactions, and their impact on the firm’s general ledger and downstream impacts.
• Analyze borrowing base components/structure and propose the ‘best’ borrowing base structure given the firm’s system environment for ease of ongoing monitoring.
• Understand the depository account structure, funds flow/cash movements between accounts, cash dominion and impact on funds flow, funds transfer agreements, signature cards/corporate resolutions, etc., or have a basic understanding of fundamental bank depository products.
• Coordinate closing and funding of transactions with deal team members such that loans are booked efficiently and with the proper sense of urgency for deadlines, which may include rigorously communicating clearly with Asset Based Lending business partners and other loan operation areas.
• Assist in Asset Based Lending loan operations projects as needed, analyze existing processes, propose improvements where identified, and be willing to contribute wherever possible.

Required Qualifications, Capabilities, and Skills:

• Commercial loan experience (level of responsibility will vary based on experience).
• Knowledge of loan documentation, fee accounting, flood regulation, and willingness to gain more in-depth understanding of legal documents and terminology.
• Demonstrates flexibility: Willingness to adjust to changing conditions and priorities; remains positive and optimistic during periods of change.
• Superior communication and customer service skills, both internally and externally focused, verbal and written; speaks up and proactively notifies deal team members on updates. Ability to formulate open-ended questions in either verbal or written format.
• Motivated to pitch in and help for the good of the team (Asset Based Lending Operations and Deal Team), supportive, helpful to others, and collaborative.
• Willingness to learn, receive direction, and ask well-thought-out questions. Maintains and/or builds relationships across all areas of Asset Based Lending. Gains cooperation of deal team members. Respects different points of view and treats others with respect.
• Takes responsibility, seeks out additional responsibilities, is highly respected by others, truthful & honest, inspires others to follow strategy/goals, excellent judgment. Delivers feedback to others, as applicable. Mentors and coaches by leveraging experience. Demonstrates flexibility to ensure that Asset Based Lending Loan Operations delivers a world-class product to its clients.

Preferred Qualifications, Capabilities, and Skills:

• Bachelor’s Degree in accounting/finance/general business.
• Knowledge of the asset-based lending line of business, borrowing base concepts, and general knowledge of roles/responsibilities of syndications, originations, underwriting, portfolio, and field exam.
• Knowledge of Loan IQ or similar loan system and Microsoft applications (Excel, Word, PowerPoint).