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Loan Operations Processing Representative I

At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.

We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.

We’re seeking a future team member for the role of  Loan Operations Processing Representative I  to join our  Loan Administration Services team. This role is located in  Pittsburgh, PA, and will work a Hybrid schedule (3 days per week in-office required) .

In this role, you’ll make an impact in the following ways:

  • Applies expertise and judgement in providing quality, and complex client service and support to internal and external clients on a daily basis, including phone interaction, problem resolution, transaction processing (i.e., STP, manual), reconciliations and accounting services, and updates to client accounts in a timely manner
  • Performs complex operational tasks in a product or functional area
  • Conducts independent analysis and policy interpretation
  • Performs complex, manual processing of updates to client accounts or company records
  • Responsible for reconciliations, including reconciling cash breaks, position differences, and gathering and compiling data
  • Serves as the primary point of contact for clients and executes all correspondent requisites in a timely and accurate manner with an understanding of the underlying business and specific client needs
  • Maintains correspondent accounts in accordance with applicable regulations and policies, ensuring regulatory compliance and minimizing exposure related to assigned processing tasks
  • Identifies, investigates and resolves problems in client accounts or company records
  • Works closely with technology and systems teams to ensure the system is efficient and incorporates any necessary risk mitigations
  • Provides product knowledge and technical assistance, determining when the more complex problems should be referred to a supervisor or senior professional
  • Responsible for the quality and completion of own work

To be successful in this role, we’re seeking the following:

  • High school/secondary school or the equivalent combination of education and experience is required 
    • Bachelors degree preferred
  • 5-7 years of total work experience preferred
  • Excellent communication and writing abilities
  • Attention to detail
  • Ability to self-manage, prioritize, and execute workload
  • Excel experience - functional with spreadsheets and basic navigation including basic formulas
  • Prior payments processing experience preferred
  • Prior mortgage loan processing experience desired

At BNY, our culture speaks for itself. Here’s a few of our awards:

  • America’s Most Innovative Companies, Fortune, 2024
  • World’s Most Admired Companies, Fortune 2024
  • Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024 
  • Best Places to Work for Disability Inclusion, Disability: IN – 100% score, 2023-2024
  • “Most Just Companies”, Just Capital and CNBC, 2024
  • Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
  • Bloomberg’s Gender Equality Index (GEI), 2023

Our Benefits and Rewards:

BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.

BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.

Average salary estimate

$60000 / YEARLY (est.)
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$50000K
$70000K

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What You Should Know About Loan Operations Processing Representative I, BNY

At BNY, we're excited to welcome a new Loan Operations Processing Representative I to our Loan Administration Services team in Pittsburgh, PA. If you’re passionate about financial services and enjoy providing exceptional client support, this might be the perfect role for you! In this hybrid position, you’ll spend three days in the office collaborating with fellow team members while also enjoying the benefits of remote work. Your primary responsibilities will include delivering top-notch service to both our internal and external clients, problem-solving with precision, and processing transactions efficiently. You’ll analyze client needs and perform reconciliations and updates to accounts while ensuring regulatory compliance—pretty rewarding, right? Not only will you be the go-to person for our clients, but you’ll also work closely with our tech teams to improve system efficiency. This is your chance to dive deep into the world of operations and loans, showcasing your attention to detail and ability to juggle tasks, all while being part of an innovatively inclusive workplace. If you have a high school diploma or equivalent experience, excellent communication skills, and a knack for Excel, we would love to see how you fit into our vibrant BNY culture, where you're empowered to grow and contribute to our mission. Let’s make money work for the world together!

Frequently Asked Questions (FAQs) for Loan Operations Processing Representative I Role at BNY
What are the primary responsibilities of a Loan Operations Processing Representative I at BNY?

As a Loan Operations Processing Representative I at BNY, your key responsibilities include providing complex client service, performing transaction processing, conducting analyses, and updating client accounts. You'll serve as the point of contact for clients, ensuring timely and accurate processing while maintaining regulatory compliance and minimizing exposure risks.

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What qualifications are required to become a Loan Operations Processing Representative I at BNY?

To be considered for the Loan Operations Processing Representative I position at BNY, a high school diploma or equivalent experience is required. A bachelor’s degree is preferred along with 5-7 years of work experience, strong communication skills, and proficiency in Excel. Payment processing or mortgage loan experience is a plus!

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What skills are essential for success as a Loan Operations Processing Representative I at BNY?

Successful Loan Operations Processing Representatives I at BNY exhibit excellent communication and writing skills, a keen attention to detail, and the ability to prioritize tasks effectively. Being adaptable and possessing problem-solving skills, especially in client interactions, also play a crucial role in this position.

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What can I expect from the work culture at BNY as a Loan Operations Processing Representative I?

BNY boasts a culture that empowers and supports its employees. As a Loan Operations Processing Representative I, you’ll be part of an inclusive environment striving for innovation and excellence, where your contributions truly matter and are recognized through various awards and competitive benefits.

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Is there career advancement for Loan Operations Processing Representative I at BNY?

Certainly! BNY provides numerous opportunities for career advancement. As a Loan Operations Processing Representative I, you will gain valuable experience and insights, equipping you to move into higher-level roles within the organization as you build your skills and expertise.

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Common Interview Questions for Loan Operations Processing Representative I
Can you describe your experience with loan processing?

When answering this question, share any relevant roles where you've processed loans, detailing the types of loans you've handled, challenges faced, and how you ensured compliance with regulations. Highlight your attention to detail and commitment to excellent service.

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How do you prioritize tasks in a busy role like Loan Operations Processing Representative I?

Discuss your approach to prioritizing tasks, perhaps by using tools or methods like to-do lists or software. Emphasize your ability to assess urgency and importance, ensuring you meet deadlines while maintaining high-quality service.

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How would you handle a dissatisfied client regarding a loan processing issue?

Describe your conflict resolution skills, focusing on listening to the client's concerns, empathizing, and working promptly to find a solution. Highlight the importance of communication and follow-up to ensure satisfaction.

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What Excel functions are you familiar with for data analysis in loan processing?

Mention functions like VLOOKUP, data sorting, pivot tables, and basic formulas that help in managing and analyzing loan data. Providing a specific example of how you've used these in past roles will strengthen your answer.

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What steps would you take if you noticed an inconsistency in client accounts?

Explain your methodical approach to identifying the inconsistency, investigating potential causes, and verifying with relevant data. Emphasize the importance of thoroughness and adherence to regulatory compliance during this process.

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Describe a situation where you had to analyze a complex problem in your previous job.

Share a specific instance illustrating your analytical skills in problem-solving, detailing the complexity of the situation, how you approached it, and the successful outcome. This will demonstrate your critical thinking capabilities.

Join Rise to see the full answer
How do you ensure compliance with regulations in loan processing?

Discuss your familiarity with relevant regulations and the proactive steps you take to stay updated on changes. Share examples of how you’ve implemented these regulations in practice to maintain compliance.

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Why do you want to work for BNY as a Loan Operations Processing Representative I?

Express your admiration for BNY's innovative culture and focus on diversity and inclusion. Share how these values align with your career aspirations and how you believe your skills would contribute to their mission.

Join Rise to see the full answer
What role do you think technology plays in enhancing loan processing efficiency?

Talk about your views on technology's impact on streamlining loan processing, reducing errors, and enhancing the client experience. Provide examples of technology you've used in previous roles to improve efficiency.

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Can you describe your experience working in a team environment?

Share past experiences working in team settings, focusing on collaborative projects and your role within the team. Highlight your communication skills and how you contributed to achieving common goals.

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BNY is a global financial services company that helps make money work for the world — managing it, moving it and keeping it safe. For 240 years we have partnered alongside our clients, putting our expertise and platforms to work to help them achie...

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Full-time, hybrid
DATE POSTED
April 8, 2025

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