Loan Compliance Specialist
Examine and monitor the covenant requirements in loan documents and evaluate loan compliance.
Essential Job Functions
- Review, analyze, and interpret loan documents
- Calculate property-level performance metrics based on borrower-provided financial statements in a manner in accordance with the loan documents
- Correspond with Account Managers, Surveillance Analysts, and other internal groups to receive required documentations as outlined in the loan documents. As well as to communicate and escalate any non-compliance scenarios
- Input and maintain loan collateral data in the loan servicing system
- Accurately scrub and implement new deals / securitizations to identify all covenants and also ensure proper thresholds and calculations are continuously being met in accordance with the loan agreement
- Monitor assigned portfolio to ensure compliance with loan agreements
Required Qualifications
Four-year college degree and / or equivalent experienceProficiency in reading and interpreting loan documentsExcellent verbal and written communication skills, as well as a high degree of analytical skillsOverall knowledge of commercial underwritingKnowledge of operating statement review and interpretationPreferred Qualifications
Background in real estate servicing or transactions, accounting / auditing, or commercial loan underwriting. Efficient in the use of word processing, spreadsheet, and email software. Such as Microsoft Word, Excel and OutlookEquipment Used
Company provided computerStandard office equipment (phone, fax, copier, calculator)Software : Microsoft Word, Excel, and OutlookTraining Required
On-the-job training programContinuing and ongoing training as neededCompensation and Benefits
This position is eligible to earn a base salary in the range of $51,000.00 - $78,000.00 annually. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for this role also includes eligibility for incentive compensation subject to individual and company performance.
Key has implemented an approach to employee workspaces which prioritizes in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.
KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, pregnancy, disability, veteran status or any other characteristic protected by law.