Loan Analyst, Loan Processing Services in Livonia
The Loan Analyst is responsible for the set-up and maintenance of non-accrual and charge-off loan processing functions, including analyzing and organizing new accounts, complex notes and renewals such as participations, syndications and escrow for all reduced rate loans on a national basis.
Position Competencies
Successful incumbents possess Comerica's Core Values of: Customer-Centricity, Collaboration, Excellence and Integrity. This candidate will also exhibit a high focus on Listening, Problem Solving, Drive for Results, Business Acumen and Prioritization.
Position Responsibilities:
Special Assets Processing
•Set-up and process non-accrual and charge-off loans.
•Maintain both contractual and book record per Bank policy.
•Review various reports to ensure accuracy on accruals and adjustments.
•Review and evaluate complex documentation.
•Process various types of principle, fees and interest payments collected from customer.
•Determine various systematic ways to accommodate difficult loans accurately and efficiently.
Asset Based Processing
•Review Accounts Receivables Daily Reports to calculate loan availability and approve disbursements.
•Balance the Accounts Receivables Daily Report and loan balance reconciliation.
Participation and Syndication Processing
•Set-up and processing of participation/syndication loans.
•Reconcile loan balances and transactions with agent bank.
•Ensure all participated portions of loans are in balance daily and log any discrepancies.
•Review and analyze complex loan agreements.
•Correspond with other banks to determine rates, rollover etc.
Other
•Train and provide guidance to Loan Processors.
•Collaborate with CBO to determine feasibility of revised loan structures.
Position Qualifications
•High School Diploma or the equivalent
•3 to 4 years of college level accounting courses OR related experience
•2 years experience in commercial loan processing/servicing
•1 to 2 years of non-accrual and charge-off experience preferred
•2 years of experience with Excel, WordLivonia Operations Center8am-5pm Monday - Friday
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.