Commercial Loan Processor, Associate I

ABOUT US 

We are Alter Domus. Meaning “The Other House” in Latin, Alter Domus is proud to be home to 85% of the top 30 asset managers in the alternatives industry, and more than 5,000 professionals across 23 countries. 

With a deep understanding of what it takes to succeed in alternatives, we believe in being different. Invest yourself in the alternative, and join an organization where you progress on merit, where you can speak openly with whoever you are speaking to, and where you will be supported along whichever path you choose to take. 

Find out more about life at Alter Domus at careers.alterdomus.com  

POSITION DESCRIPTION:

The Business Loan Servicing team provides cost-effective, back-office administrative, accounting, and operational support to loan originators and portfolio managers.  Services include borrowing billing, payment posting, collection and loan accounting, borrower notices, payoff letters, amortization schedules, UCC filings and financial and compliance document tracking, collection, and tickler reporting.  This position will have direct communication with our clients. This position is also responsible for accurate recordkeeping and execution of all loan activities including, but not limited to loan disbursements, repayments, payoff letters, amortization schedules, borrower billing statements, client invoices, and new loan set-up. This role will act as the primary transaction owner. 

Primary Responsibilities include, but are not limited to, the following:

• Generate daily, weekly, and monthly system reports.
• Gathering interest rate information from multiple sources daily and process loan interest rate changes in servicing system.
• View and reconcile client bank accounts
• Process loan disbursements, payments, payoffs, and compounding transactions in loan servicing system.
• Process checks and NACHA payments.
• Prepare movement of cash requests and send to the Funds Transfer Team.
• Maintain multiple cash and payment activity logs and ensure accuracy.

QUALIFICATIONS:

• Work experience with loan origination, loan servicing or similar work in financial services a plus.
• Associate or Bachelor degree in business administration or similar concentration is a plus but not required; work experience with loans will be prioritized.
• Deadline-driven and highly organized with exceptional attention to detail.
• Proficiency and accuracy with data entry and navigation of databases and systems.
• Ability to quickly learn new concepts and excel in a fast-paced, dynamic team environment.
• Experience with utilizing Microsoft Office Suite.
• Responsive, proactive, professional and collaborative communication approach.

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WHAT WE OFFER:

We are committed to supporting your development, advancing your career, and providing benefits that matter to you. 

Our industry-leading Alter Domus Academy offers six learning zones for every stage of your career, with resources tailored to your ambitions and resources from LinkedIn Learning. 

Our global benefits also include: 

• Support for professional accreditations such as ACCA and study leave 
• Flexible arrangements, generous holidays, birthday leave
• Continuous mentoring along your career progression 
• Active sports, events and social committees across our offices 
• Support with mental, physical, emotional and financial support 24/7 from our Employee Assistance Program 
• The opportunity to invest in our growth and success through our Employee Share Plan 
• Plus additional local benefits depending on your location 

Equity in every sense of the word 

We are in the business of equity, in every sense of the word. For us, this means taking action to ensure every colleague has equal opportunity, valuing every voice and experience across our organisation, maintaining an inclusive culture where you can bring your whole self to work, and making Alter Domus a workplace where everyone feels they belong. 

We celebrate our differences, and understand that our success relies on diverse perspectives and experiences, working towards shared goals and a common purpose. Thanks to the work of our Group DE&I Committee and network of DE&I Champions, we empower all of our people to be truly invested in the alternative.  

We are committed to ensuring an inclusive recruiting and onboarding process. Please contact our hiring team if you require any accommodations to make our recruitment process more accessible for you. 

(Alter Domus Privacy notice can be reviewed via Alter Domus webpage: https://alterdomus.com/privacy-notice/)

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