Loan Administrator

Location: Chicago, IL

Duration: 3-Month Contract

Pay Rate: $18–$19/hour on W2

Schedule: Hybrid – 3 days onsite per week

Interview Process: 1–2 virtual interview rounds

Potential: Extension or conversion may be available based on performance and business needs

Position Overview

We are seeking a detail-oriented Loan Administrator to join a financial operations team supporting loan and investment portfolios. This role is focused on daily reconciliation, financial data analysis, investigating discrepancies, and preparing reports.

The ideal candidate will have strong analytical skills, intermediate Excel knowledge, and an interest or background in banking, finance, loan administration, accounting, or investment operations.

Key Responsibilities

• Perform daily cash reconciliations and compare internal records against external/trustee records.
• Investigate and resolve discrepancies involving cash balances, loan par balances, and portfolio collateral values.
• Work closely with the Bank Loan Closing team to research and resolve transaction-related discrepancies.
• Prepare and provide daily cash reports.
• Perform monthly cash and par balance tie-outs for investor reporting.
• Research differences between portfolio records and external reports and determine the appropriate resolution.
• Maintain accurate and timely financial and portfolio data.
• Use Excel to analyze large amounts of financial data and troubleshoot discrepancies.
• Communicate findings and outstanding issues with internal teams and relevant stakeholders.

Required Qualifications

• Bachelor's degree required, preferably in Business, Finance, Accounting, Economics, or a related field.
• Intermediate Microsoft Excel skills, including:
• VLOOKUP
• SUMIF
• Data comparison and analysis
• Troubleshooting discrepancies
• Strong attention to detail and analytical/problem-solving skills.
• Ability to work with large amounts of financial or transactional data.
• Strong organizational and communication skills.

Preferred Background

Experience in one or more of the following areas is preferred:

• Bank loan operations or administration
• Loan administration
• Commercial or mortgage loan operations
• CLO/CDO operations
• Trustee operations
• Financial or investment operations
• Portfolio administration
• Reconciliation
• Cash operations
• Accounting or financial analysis

Work Arrangement

• Hybrid schedule with 3 days onsite per week in Chicago, IL.
• Public parking is available in the surrounding area; company-provided parking is not available.
• Candidates should ensure their resume accurately reflects their current availability and ability to start.

Why This Opportunity

This is an opportunity to gain hands-on experience in financial operations, loan administration, portfolio reconciliation, and investment reporting while working with a team supporting complex loan portfolios. Strong performers may have the opportunity for an extension or potential conversion based on business needs and performance.

#RTAProfessionalZip

Russell Tobin is a leading minority-owned professional and technical recruitment and staffing advisory organization. We are comprised of specialized practices focusing on a variety of skill sets and industries. Having a depth and breadth of industry expertise, our subject matter experts are able to provide tailored and swift sourcing solutions to fulfill client hiring needs. In other words, we connect top talent with companies. We are the staffing arm of the Pride Global network, a minority-owned integrated human capital solutions firm, with additional offerings in vendor management, payroll programs, and business process optimization.

Russell Tobin offers eligible employee’s comprehensive healthcare coverage (medical, dental, and vision plans), supplemental coverage (accident insurance, critical illness insurance and hospital indemnity), 401(k)-retirement savings, life & disability insurance, an employee assistance program, legal support, auto, home insurance, pet insurance and employee discounts with preferred vendors.

Equal Employment Opportunity

Russell Tobin is an equal opportunity employer. W