New

Loan Document Specialist

TEKsystems
$60.00 - $70.00 / hr
life insurance, sick time, 401(k), retirement plan
United States, New Jersey, Mount Laurel
May 17, 2025
Top Skills' Details * Prior experience with loan documentation, ideally in a banking or financial services environment. * Paralegal experience or legal support is highly preferred. * Strong understanding of loan agreements, covenants, default rates, and related legal terminology. * Exceptional attention to detail and organizational skills. * Ability to read and interpret complex legal and financial documents. * Experience working within workout organizations or managing distressed loans is a plus. * Excellent communication skills, both written and verbal. * Demonstrated ability to analyze legal documents and identify key contractual provisions. * Knowledge of industry practices related to default management and loan workouts. * Proactive problem solver with strong analytical skills. Job Description * Review and interpret loan agreements, focusing on standard covenant language and other contractual obligations. * Identify and locate specific covenants within loan documents and understand their implications. * Monitor and analyze default rates, and recognize triggers that indicate a breach of covenants. * Draft and issue default notices in accordance with loan agreement requirements. * Maintain detailed records of loan documentation, covenant compliance, and default notices. * Collaborate with workout teams or legal departments to manage distressed or non-compliant loans. * Stay informed about industry standards and best practices related to loan documentation and covenant management. * Assist in ensuring compliance with regulatory and internal policies regarding loan servicing. Pay and Benefits The pay range for this position is $60.00 - $70.00/hr. Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to specific elections, plan, or program terms. If eligible, the benefits available for this temporary role may include the following: * Medical, dental & vision * Critical Illness, Accident, and Hospital * 401(k) Retirement Plan - Pre-tax and Roth post-tax contributions available * Life Insurance (Voluntary Life & AD&D for the employee and dependents) * Short and long-term disability * Health Spending Account (HSA) * Transportation benefits * Employee Assistance Program * Time Off/Leave (PTO, Vacation or Sick Leave) Workplace Type This is a fully remote position. Application Deadline This position is anticipated to close on May 18, 2025. About TEKsystems and TEKsystems Global Services We're a leading provider of business and technology services. We accelerate business transformation for our customers. Our expertise in strategy, design, execution and operations unlocks business value through a range of solutions. We're a team of 80,000 strong, working with over 6,000 customers, including 80% of the Fortune 500 across North America, Europe and Asia, who partner with us for our scale, full-stack capabilities and speed. We're strategic thinkers, hands-on collaborators, helping customers capitalize on change and master the momentum of technology. We're building tomorrow by delivering business outcomes and making positive impacts in our global communities. TEKsystems and TEKsystems Global Services are Allegis Group companies. Learn more at TEKsystems.com. The company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.