Loan Servicing Specialist

Job Title:

Loan Servicing Specialist IV
- Structured Loan and Agency Servicing (1-3 years)

Location:

Newark, DE Duration:
Contract - 6 months Pay Range: $25/hr -$28/hr (W2) About BCforward BCforward is a leading global IT consulting and workforce solutions firm providing services and support to Fortune 500 and government clients. Founded in 1998, BCforward has grown with our customers needs into a full-service business solutions provider. With delivery centers and offices across North America and India, we take pride in building long-term relationships and delivering excellence through innovation, collaboration, and integrity.

Job Description We are seeking a Loan Servicing Specialist IV
- Structured Loan and Agency Servicing to join our team. The ideal candidate will have strong experience in syndicated and bilateral loan servicing, interest and fee accruals, and client communication and a proven ability to execute complex loan lifecycle events accurately and on time while maintaining data and cash reconciliation integrity. Responsibilities:
Initiate loan activity including fundings, repricings, and payments in accordance with credit agreements and client instructions. Calculate and track complex interest and fee accruals across changing lender distributions and rate levels. Reconcile daily funding and payment activity to statements and ledgers to account for all cash transactions. Read and interpret complex legal credit agreements and related documentation, partnering with attorneys when applicable.

Initiate and reconcile automated funds movements per client and lender instructions. Monitor and escalate past due exceptions and breaks for principal, interest, and fees to ensure accurate accounting and timely invoices. Maintain margin changes and communicate updates to the bank group. Respond to information requests from Clients, Business Partners, Middle Office, and Lenders. Monitor control reports and update applicable comments.

Participate in system testing as needed, including during non-business hours. Assist with administrative tasks associated with Credit Agreement terms. Perform quality control on new deals, restructures, and amendments by validating credit agreement interpretation and system setup accuracy. Back up team members and support special projects or other assigned tasks. Required Skills &

Qualifications:

Excellent oral and written communication skills with client service orientation. Strong interpersonal skills and teamwork capability with the ability to work independently. Proficiency with Microsoft Excel, Word, and PowerPoint. Ability to manage concurrent assignments in an organized and efficient manner with attention to detail. Strong analytical, problem-solving, and decision-making skills. General to intermediate accounting knowledge. Bachelor's degree. Preferred

Skills:

Experience reading and interpreting syndicated loan documentation or related legal documentation. Prior internship or relevant loan operations experience. Role Logistics Work location is on-site in Newark, DE. In-office presence is 5 days per week. Work schedule is 9:00 AM to 6:00 PM with potential overtime at quarter ends. Interview process is one panel round via Zoom. Role is not eligible for employer-sponsored immigration support.

Conversion eligibility after 6 months. Why BCforward? At BCforward, we believe in advancing lives and careers. When you join our team, you gain access to:
Competitive compensation and benefits Opportunities for growth with global clients A supportive, inclusive culture that values innovation and people Exposure to cutting-edge technologies and projects About Our Commitment BCforward is an equal opportunity employer. We value diversity and are committed to creating an inclusive environment for all employees. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, age, disability, or veteran status.

Interested? Apply Now! If this sounds like the right opportunity for you, please apply with your most recent resume.