Current Employees of LendingClub: Please apply via your internal Workday Account
LendingClub Corporation (NYSE: LC) is the parent company of LendingClub Bank, National Association, Member FDIC. We are the leading digital marketplace bank in the U.S., having helped our nearly 5 million members secure over $90 billion in loans to refinance high-cost debt and achieve their financial goals. Members today have mobile-first access to a growing range of products and services designed to work seamlessly together to deliver value in new ways. Everyone deserves a better financial future, and our team is committed to making that a reality. Join the Club!
About the Role
Perform regular commercial and real estate loan servicing, complete loan understanding of loan documentation, and loan analysis skills; work with borrowers and the bank performing portfolio review, loan work out strategies, and servicing actions for the care and preservation of loans, to ensure compliance with all bank and governmental requirements and regulations.
What You'll Do
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Perform in-depth loan monitoring and customer follow-up. Call on and collect monthly payments, maintain records of payments and balances, monitor and collect property taxes and insurance, remit funds to the note holder, and follow up on delinquencies. Document loan files to support approved servicing actions
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Perform research activities including gathering information, analysis of borrowers through inquiries and investigations for annual reviews. Create and design charts and graphs, using computer spreadsheets, to illustrate reports. Analyze most complex loans using a variety of documents after credit withdrawal
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Audit and scan loan files, post close to assure SBA/Bank compliance. Establish service actions within systems. Market and gather a complete application and perform financial analysis of required cash flow to present the package within credit policy requirements. Monitor the credit of the borrower per schedule and follow up
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Inform investment decisions by analyzing financial information to forecast business, industry, or economic conditions. Interpret data on price, yield, stability, future investment-risk trends, economic influences, and other factors affecting investment programs. Submit servicing actions with a recommendation for subsequent review and approval
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Respond to loan servicing telephone calls and inquiries loan payment collection efforts. Prepare plans of action for investment, using financial analyses
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Prepare reports within groups. Lead group projects as assigned. May supervise other portfolio analyst. Provide leadership and mentor other portfolio analysts
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Perform loan work outs with Portfolio Manager including organization and documentation for loan purchase and guaranty submission
About You
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5+ years of related experience in commercial, collateral loan servicing, portfolio and cash flow analysis skills, loan operations, payment collections or servicing experience, and bachelor’s degree in business or finance; or equivalent work experience
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Experience within banking loan operations/portfolio or loan servicing for C & I and Real Estate loans, SBA Experience is preferred
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Strong working knowledge of legal actions associated with working on workout and liquidation of non-performing loans
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Strong working knowledge of Small Business Administration program
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Excellent verbal, written, and interpersonal communication skills
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Proficient in financial software including Bank Platforms, PCFS, Loan Manager, SBA Portal, also in Microsoft Office suite, e.g. Excel
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Excellent customer service skills with a high level of customer focus and motivation.
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Previous experience working in a Banking/Portfolio/Loan Collections/ Special Assets or workout
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A team player able to work effectively in a team fostered, multi-tasking environment
Work Location
Remote
Time Zone Requirements
Local hours (PT, MT, CT, ET)
Travel Requirements
If you need to travel for work, LendingClub will cover your travel related expenses.
Compensation
The target base salary range for this position is 10,000-125,000. The position is also eligible to receive a bonus (which is based on company performance, employee performance and eligible earnings), equity, and benefits. Our salary ranges, other compensation and benefits offered are determined by role, experience level and location.
We’re creating new financial services solutions for our members based on fairness, simplicity, and heart, and we treat our employees the same way. We offer a competitive benefits package that includes medical, dental and vision plans for employees and their families, 401(k) match, health and wellness programs, flexible time off policies for salaried employees, up to 16 weeks paid parental leave and more.
#LI-Hybrid
#LI-AW1
LendingClub is an equal opportunity employer and dedicated to diversity, equity, and inclusion in the workplace. We do not discriminate on the basis of race, religion, color, national origin, sex (including pregnancy, childbirth, reproductive health decisions, or related medical conditions), gender, gender identity, gender expression, sexual orientation, age, marital status, veteran status, disability status, political views or activity, or other applicable legally protected characteristics. We believe that a variety of perspectives will make our teams and business stronger as we work together to transform the traditional banking system.
We are committed to providing reasonable accommodations for qualified individuals with disabilities in our job application process. If you need assistance or an accommodation due to a disability, please contact us at [email protected].
What We Do
LendingClub Corporation (NYSE: LC) is the parent company of LendingClub Bank, National Association, Member FDIC. It is the only digital marketplace bank, and the first public U.S. neobank. Members can gain access to a broad range of financial products and services through a technology-driven platform, designed to help them pay less when borrowing and earn more when saving. Since 2007, more than 3 million members have joined the Club to help reach their financial goals.
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