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Job Description
Job ID: 8343
Category: Professional
Job Title: Business Support Specialist
Compensation: $36
Date Posted: 2024-05-20
Position Type: Contractor
Location: Newark, NJ
# of Positions: 1

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Full Description:

Job Tittle:  Business Support Specialist
Pay per hour:  $36.00 (W2 Contractor)

Hours per week: 40 hours a week
Contract Duration: 2 years
Location:  Hybrid ( 1 day in office - Newark w/possible increase, and Remote)

Full Job Description:

This position is to support the team in managing a portfolio of financed residential and non-residential solar energy projects. This role is responsible for supporting the lead analyst in monitoring, servicing and accounting of the loan portfolio and is actively involved in decisions and recommendations to optimize portfolio performance. The position is expected to periodically provide inputs for budgets, cost recovery, income, business, and operating issues, along with recommendations.

Job Responsibilities

• Ability to manage complex MS Excel models with an excellent understanding of lending financial concepts and ratios and skills necessary for modeling contractual and technical parameters and performing sensitivity analysis.
• Coordinate internal risk rating analyses, other periodic portfolio evaluations and preparation of loan review reporting packages.
• Maintain accurate Excel-based financial models to analyze loan performance and compliance, and present them in a concise and logical manner.
• Maintain “watch list” of borrowers and loans requiring additional monitoring, coordinating with legal and technical resources as necessary.
• Ensure borrowers’ compliance with requirements of loan document, including maintaining insurance.
• Conduct restricted payment testing, including review of adequacy of debt service coverage ratios and reserves and compliance with loan agreement covenants.
• Evaluate consent requests from borrowers regarding proposed actions or decisions affecting loans and determine an appropriate course of action based on financial, legal, technical, commercial, and credit considerations.
• Support team in negotiations/documentation of loan workouts.
• Maintain logs of financial and operational issues and their resolution, enabling more effective diligence on future projects.

Education and Requirements

• Bachelor's Degree (preferably in a business field such as Economics or Accounting
• Mid-level , 3-10 years business experience

 **Local candidates (NJ/Metropolitan area)

** Must be able to legally authorized to work in the United States**

** If chosen, prior to hiring a Background and Drug Screening will be Mandatory **

Please apply today. Thank you.

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