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Loan Booking Analyst I

Salary undisclosed

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Commercial Loan Analyst
The Commercial Analyst analyzes loan documents of a high degree of complexity, identify terms of the loan to setup on the Commercial Loan Accounting system.

Please Note: This position can be performed nationally

What we can offer you:
  • Competitive compensation starting at $44,000 - $55,000
  • This position has the potential for a signing bonus
  • Flexible Schedule
  • Paid Time Off (PTO)
  • Paid Holidays for Full Time Employees as well as Part Time individuals
  • Health, Dental, Vision and Life Insurance
  • Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA)
  • 401(k) and Retirement Account Plan
  • Tuition Assistance
  • The opportunity for career advancement


Position Responsibilities:
  • Setting up loans on the Commercial loan system for Balance sheet reporting and customer billing.
  • Analyze the loan documents of various complexity levels, to identify loan terms for the new loans, renewals, payments, and rate changes; credits and debits to GL accounts, repricing's, advances, fees, DDA transactions, and other miscellaneous transactions.
  • Independently analyze loan transactions for proper system processing, completeness of information, and verify that documentation meets Comerica's credit policy and department procedures.
  • Utilize 10 different systems (Mainframes, Imaging systems, Access, Applications, etc.) to complete analysis and booking of transactions.
  • Reconcile new and existing loan balances, fee transactions and funds flow documentation to understand financial structure for booking.
  • Maintains and set up commercial loan accounts using the AFS system, while meeting production standards with a very high degree of accuracy.
  • Handle different loan types that requires utilizing multiple systems to view and research documents to determine correct loan data to book.


Position Qualifications:
  • Accounting course or two years of experience in Financial Services or Lending Operations
  • 2 years banking, accounts payable or accounts receivable experience
  • 1 year of commercial lending documentation experience
  • 1 year of customer service experience
  • 1 year of experience with PC based mainframe systems, loan accounting systems, and Microsoft products


Work Best Category:
Category C - Days in the office will either be designated days or will vary week to week from 2-5 days

Hours:
8:00am - 5:00pm Monday - Friday

Salary:
To Be Determined Based on Individual Experience
Employers have access to artificial intelligence language tools (“AI”) that help generate and enhance job descriptions and AI may have been used to create this description. The position description has been reviewed for accuracy and Dice believes it to correctly reflect the job opportunity.
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