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    Credit Compliance Associate - Chicago, United States - Monroe Capital Corporation

    Monroe Capital Corporation
    Monroe Capital Corporation Chicago, United States

    1 week ago

    Default job background
    Description

    Monroe Capital is seeing a Credit Compliance Associate to join our team.

    Requirements

    Primary Job Responsibilities:

    • Assist credit team with creation and proper maintenance of consistent credit files
    • Assist underwriters with the administrative functions of the new deal and amendment closing processes, as well as, track payoff information and documentation.
    • Coordinate the KYC process with internal and external parties for all new underwritings
    • Responsible for maintaining list and clearing all post-closing items within Monroes portfolio monitoring system, assisting the credit team with follow-up with outside legal counsel and/or borrowers, monitoring receipt and electronic filing of post-closing items
    • Act as a liaison with third party vendor and coordinate tracking and renewing insurance certificates
    • Process/track legal boxes with original legal documents and maintain safe keeping for documents both internally and with custodians (stock certificates and original notes)
    • Track UCC-1 filings and coordinate with outside legal counsel to ensure timely filing of updated UCC-3s across the Monroe portfolio
    • Track and report on status of site visits and assist underwriters in monitoring performance-based pricing grids
    • Create and maintain a matrix for important milestones on amendments, unusual and/or deferred fee arrangements and document restructurings to assist with tracking and proactively addressing upcoming credit action points
    • Coordinate and manage annual third-party credit file review and assist with audit-related requests pertaining to audits of our borrowers, audits of the funds managed by Monroe and specialized regulatory audits
    • Provide other administrative support to the credit team as needed
    • Assist with special projects upon request

    Requirements:

    • Bachelors degree
    • Minimum of 1-3 years of experience in operations, compliance, internal audit or as a paralegal (experience with a direct lender or a bank is preferred)
    • Experience organizing and working with legal documents in a business setting
    • Ability to multi-task, handle unanticipated situations effectively, and work well under pressure with tight deadlines
    • Professional and effective written and oral communication skills with strong attention to detail
    • Highly organized self-starter with a positive attitude and the ability to work well both independently and in a team environment

    Disclaimer

    The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

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