Associate, CDFI Loan Operations - Community Finance

Discover Financial
United States
Workplace: OnsiteFull timeUSD 73,300 - 83,700 annuallyFunction: Finance & AccountingExperience: 1+ yearsEducation: high_schoolSkills: ["Detail-oriented","Independent work","Communication","Problem-solving","Professional maturity"]

Process monetary and non-monetary transactions for CDFI debt and LIHTC equity deals from closing through payoff, ensuring accuracy in systems of record. Manage deal updates using ACBS and ALS, reconcile daily/monthly portfolio metrics, and escalate issues as needed. Partner with Commercial and Small Business stakeholders and communicate transaction exceptions and system concerns clearly. Contribute to team knowledge by supporting associates and creating job aids.

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Discover Financial
Discover Financial
1 month ago

Associate, CDFI Loan Operations - Community Finance

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Source: Company careers pageValidated by: Fursa AI
Last checked: 2 hours agoStatus: Live

Job Summary

Process monetary and non-monetary transactions for CDFI debt and LIHTC equity deals from closing through payoff, ensuring accuracy in systems of record. Manage deal updates using ACBS and ALS, reconcile daily/monthly portfolio metrics, and escalate issues as needed. Partner with Commercial and Small Business stakeholders and communicate transaction exceptions and system concerns clearly. Contribute to team knowledge by supporting associates and creating job aids.
Location: United States
Workplace: Onsite
Employment Type: Full time
Job Function: Finance & Accounting
Seniority: Entry level

Key Responsibilities

  • •Execute monetary and non-monetary transactions for loans and equity deals, maintaining high accuracy even under rush requests.
  • •Use ACBS and ALS to manage CDFI deals and adjust loan system data based on experience and lessons learned.
  • •Communicate transaction status, system issues, and exceptions with peers, business partners, and the Commercial Loan Platform team.
  • •Reconcile totals and monitor daily/monthly activity reports and CF portfolio metrics with Commercial and Small Business partners.
  • •Escalate problems, audit requests, and payoff exceptions while proactively seeking solutions for internal and external stakeholders.

Pay and Benefits

Salary: USD 73,300 - 83,700 annually

Key Requirements

  • •High School Diploma, GED, or equivalent certification.
  • •At least 1 year of loan closing experience, commercial loan servicing experience, or a combination of the two.
  • •At least 1 year of experience reviewing loan and legal documentation.
  • •Ability to use established frameworks and tools to self-solve issues before escalating.
  • •Experience communicating complex work across lines of business internally and with external partners.
Experience:1+ years
Education:High School
Skills:Detail-orientedIndependent workCommunicationProblem-solvingProfessional maturity
Tech Stack:ACBSALS

Eligibility

Work Authorization:Authorization required. Sponsorship not provided.

Company Brief

Discover Financial
Provides consumer banking products, credit cards, personal loans, and payment services through the Discover brand. It operates a major U.S. financial network and serves individuals and merchants with lending and digital payment solutions.
Industry: Retail Banking
Company Size: Enterprise (1,001+ employees)
Revenue: USD 10M to 25M
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Riverwoods, United States
Founded: 1985
WebsiteLinkedIn