Unposted/Swap Associate
Core
Process loan payments, wires, and corrections for commercial and consumer loans, including handling SWAP notices and participation loan transactions.
Role type
Associate loan servicing specialist
Builds
Accurate loan ledgers and timely financial reporting for the bank
Domain
Banking / Loan Servicing
Required skills
Loan servicing, wire processing, GL clearing, Microsoft Office (Excel, Word, Outlook), analytical thinking, regulatory compliance
Preferred skills
Independent thinking, detailed follow-through, decision making under limited supervision
Technologies
Microsoft Office, SharePoint, OneNote, Team's
Responsibilities
Post commercial loan payments and incoming wires, research and process unposted payment transactions, monitor HELOC draws, create and mail SWAP notices, clear outstanding items in loan suspense GLs, process stop payments and reissue checks for escheatment
Seniority
Entry-level, individual contributor