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Loan Booking Analyst I
Livonia, MI
Job Description
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.
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:
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
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.
Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full or Part Time
Required Experience
2+ years
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