Comerica Bank Job - 33936617 | CareerArc
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Company: Comerica Bank
Location: Livonia, MI
Career Level: Associate
Industries: Banking, Insurance, Financial Services

Description

Specialized Loan Analyst, Loan Processing Services
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:

  • 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.
  • Review Accounts Receivables Daily Reports to calculate loan availability and approve disbursements.
  • Balance the Accounts Receivables Daily Report and loan balance reconciliation.
  • 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.
  • Train and provide guidance to Loan Processors.
  • Collaborate with CBO to determine feasibility of revised loan structures.


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