Job description
Job Title: Loan Administration Analyst II
Location: Greenville, SC Office - (this position is not remote)
Lima One Capital is searching for a Loan Administration Analyst II to join the Servicing division of the company. The Loan Administration Analyst II is responsible for posting payments, processing payoffs and liquidations, processing returned payments, disbursements, generating and delivering payoff letters, servicing system reconciliations, and asset management. The Loan Administration Analyst II must be able to handle detailed and complex reporting and reconciling requirements and work with a high level of accuracy, independence, and analytical prowess. Additionally, the Analyst must be able to organize around and deliver against tight deadlines. In addition to routine reporting, the Analyst will assist with procedure reviews and other department projects.
Responsibilities
- Process payment posting transactions, reversals, and reapplication based on policy and procedures.
- Ensures exception items are identified and resolved in a timely manner.
- Manual check and suspense funds posting with accuracy.
- Daily processing of return checks, bank adjustments, and encoding errors.
- Processing loan level disbursements.
- Timely generation of accurate payoff letters.
- Coordination with partnering departments to reconcile discrepancies or irregularities in records, statements, or documented transactions.
- Coordination with clients or title companies to send payoff letters for seamless loan closings. Internal point of contact and subject matter expert for payoff calculations.
- Act as liaison for investor or partner payoff approvals.
- Collection and tracking of yearly financial statements and quarterly rent rolls for long-term premier and multifamily clients.
- Executing financial analyses for multifamily and premier loans. Asset Management reporting within the servicing system.
- Balancing and reconciliation. Balancing and reconciliation include, but are not limited to, custodial bank accounts, month end collection, weekly payoff…etc.
- Meet or exceed all processing and reporting deadlines and timeframes and work with a sense of urgency to complete tasks.
- Provide a high level of service to borrowers and various stakeholders through correspondence and communications.
- Streamline and automate current reports and templates. Continuously evaluate and identify opportunities to drive process improvements.
- Increase utilization and efficiency of loan servicing software for processing and reporting requirements.
- Make recommendations for the improvement of controls and processes within the department.
- Cross-train existing and new employees in relevant investor reporting areas.
- Assume other duties/projects as they arise and be responsive to other departmental needs.
Qualifications
- Bachelor’s Degree in Accounting or Finance or equivalent experience preferred
- 3+ years of banking or loan servicing experience preferred
- Available to work over-time one to three days per month
- Ability to train, to manage, and to lead junior analysts
Desired Experience and Skills
- Proficient in Microsoft Excel
- Ability to accurately 10-key by touch
- Able to solve complex problems independently and with sound judgment
- Exceptional research and analytical abilities
- Proven time management skills with the ability to manage multiple deadlines, prioritize projects and tasks, and adjust quickly while maintaining attention to detail
- Good verbal and written communication skills
- Ability to work in a fast-paced team environment
What We Offer:
- Competitive salary
- Bonus opportunities
- Medical, Dental and Vision benefits
- Life, Short-Term Disability, Long-Term Disability
- 401K with company match
- Excellent training
- Great working environment
- PTO, sick time and holidays
- Growth opportunities
About Lima One Capital:
Lima One Capital is the nation’s premier lender for real estate investors. Recognized by the Inc.5000 as one of America’s fastest growing companies, Lima One specializes in providing real estate investors with financing for their rental, fix-and-flip, multifamily properties, and new construction. The company, founded by Marines, is distinguished as one of South Carolina’s Best Places to Work and Top Workplaces. Lima One is headquartered in downtown Greenville, South Carolina, and markets its lending products over a national footprint of 45 states and the District of Columbia. Learn more about us at limaone.com.
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