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Loan Associate Jobs in Ohio (NOW HIRING)

First National Bank

Loan Administrator

Bellevue, OH · On-site

Associate's degree or higher in appropriate field preferred. 2-5 Years of experience in loan servicing, loan operations, or banking operations preferred. Skills or Qualifications: Must be a self ...

First National Bank

Loan Administrator

Bellevue, OH · On-site

Associate's degree or higher in appropriate field preferred. 2-5 Years of experience in loan servicing, loan operations, or banking operations preferred. Skills or Qualifications: Must be a self ...

First National Bank

Loan Administrator

Bellevue, OH · On-site

Associate's degree or higher in appropriate field preferred. 2-5 Years of experience in loan servicing, loan operations, or banking operations preferred. Skills or Qualifications: Must be a self ...

LCNB National Bank

Loan Servicing Support

Lebanon, OH · On-site

High school diploma or equivalent required; associate or bachelor's degree in business, Finance, or a related field preferred. * 1+ year general loan knowledge preferred experience in escrow ...

LCNB National Bank

Loan Servicing Support

Lebanon, OH · On-site

High school diploma or equivalent required; associate or bachelor's degree in business, Finance, or a related field preferred. * 1+ year general loan knowledge preferred experience in escrow ...

M/I Homes

Loan Officer Assistant

Cincinnati, OH · On-site

$36K - $48K/yr

Proactively manage the loan process from origination to funding, analyzing documentation ... mortgage operations associates. * Updates internal software systems for reporting. * Uploads ...

M/I Homes

Loan Officer Assistant

Cincinnati, OH · On-site

$36K - $48K/yr

Proactively manage the loan process from origination to funding, analyzing documentation ... mortgage operations associates. * Updates internal software systems for reporting. * Uploads ...

M/I Homes

Loan Officer Assistant

Cincinnati, OH · On-site

$36K - $48K/yr

Proactively manage the loan process from origination to funding, analyzing documentation ... mortgage operations associates. * Updates internal software systems for reporting. * Uploads ...

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All JobsLoan Associate JobsLoan Associate Jobs in Ohio

Loan Associate information

See Ohio salary details

$10

$19

$29

How much do loan associate jobs pay per hour?

As of Aug 11, 2026, the average hourly pay for loan associate in Ohio is $19.33, according to ZipRecruiter salary data. Most workers in this role earn between $13.70 and $23.32 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a loan associate?

To thrive as a Loan Associate, you need a solid understanding of financial principles, loan processing procedures, and regulatory compliance, often supported by a degree in finance or a related field. Familiarity with loan origination software, credit analysis tools, and document management systems is commonly required. Strong attention to detail, customer service orientation, and effective communication skills help Loan Associates excel in client interactions and team environments. These skills and qualities are vital for ensuring accurate loan processing, regulatory adherence, and positive client experiences.

How much does a loan associate make?

A loan associate typically earns a median annual salary of around $40,000 to $50,000, depending on experience, location, and the employer. Entry-level positions may start lower, while experienced loan associates or those in high-cost areas can earn higher wages, often supplemented with bonuses or commissions. Skills in customer service, financial analysis, and familiarity with loan processing software are valuable in this role.

What does a loan associate do?

A Loan Associate assists clients with the loan application process, reviews financial documents, and helps determine eligibility for various loan products. They work closely with loan officers and underwriters to ensure all required documentation is complete and accurate. Additionally, Loan Associates may answer customer questions, verify information, and process paperwork to support timely loan approvals and disbursements.

What are some common challenges faced by loan associates during the loan processing cycle?

Loan Associates often encounter challenges related to balancing multiple loan applications simultaneously while ensuring compliance with regulatory requirements. They must carefully verify documentation, communicate effectively with applicants, and coordinate with underwriters and loan officers to keep the process on track. Staying organized and adaptable is key, as changes in applicant circumstances or evolving lending guidelines can require prompt adjustments. Successfully managing these tasks helps ensure timely loan approvals and a positive borrower experience.

What is the difference between Loan Associate vs Mortgage Processor?

AspectLoan AssociateMortgage Processor
CredentialsHigh school diploma or equivalent; some roles may prefer relevant certificationsHigh school diploma; some roles may require mortgage-specific certifications
Work EnvironmentBank branches, credit unions, or financial institutionsMortgage companies, banks, or lending institutions
Job ResponsibilitiesAssisting clients, gathering documents, processing loan applicationsReviewing documents, verifying information, preparing files for approval
Industry UsageCommonly employed in retail banking and lendingPrimarily in mortgage lending and real estate finance

While both roles support the loan process, a Loan Associate typically handles client interactions and initial documentation, whereas a Mortgage Processor focuses on verifying and preparing mortgage files for approval. Understanding these differences can help job seekers identify the right position in the lending industry.

What are the most commonly searched types of Loan jobs in Ohio? The most popular types of Loan jobs in Ohio are:
What cities in Ohio are hiring for Loan Associate jobs? Cities in Ohio with the most Loan Associate job openings:
Loan Associate jobs near you
Infographic showing various Loan Associate job openings in Ohio as of August 2026, with employment types broken down into 1% As Needed, 72% Full Time, 22% Part Time, 1% Temporary, and 4% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $40,202 per year, or $19.3 per hour.

Associate Portfolio Management (Leveraged Loans Team)

KeyBank

Cleveland, OH • On-site

Full-time

Re-posted 21 days ago

KeyBank rating

8.2

Company rating: 8.2 out of 10

Based on 99 frontline employees who took The Breakroom Quiz

51st of 171 rated banks

Job description

Location:
127 Public Square, Cleveland Ohio
Job Summary
The Associate, Portfolio Management is an individual contributor responsible for performing financial analysis and preparing underwriting documents to support multimillion-dollar corporate credit requests that grow funded assets and Key's client base, while maintaining asset quality within a moderate risk profile. These requests include obtaining initial approval for new credit exposure (e.g., revolving credit facilities, term loans, leases, foreign exchange products, derivatives products, and other ancillary products) and amendments to existing exposure. Additionally, the Associate, Portfolio Management is responsible for ongoing credit monitoring and risk rating for a portfolio of corporate clients with a complexity profile commensurate to experience (primarily participation in other bank's syndicated deals), reviewing legal documentation, and assisting product partners in cross-selling additional bank products. This individual should demonstrate emerging leadership skills within credit underwriting and portfolio management; they may work somewhat independently, or in conjunction with/under the supervision of other Portfolio Managers (PMs) on a deal team, providing feedback and guidance to Analysts and third-party staff as appropriate. As part of the first line of defense, Associate PMs are expected to consistently demonstrate a solutions-oriented, growth mindset that is supportive of line of business goals while still maintaining a moderate risk appetite and upholding asset quality.
The Leveraged Loans Associate, Portfolio Management will be responsible for supporting the Leveraged Loans team in their performance of financial analysis and the preparation of underwriting documents to support complex, multimillion-dollar LBOs, MBOs, go-privates and recapitalizations. Additionally, the Leveraged Loans Associate will assist the team with ongoing credit monitoring, LCF modeling, underwriting and diligence on new transactions and annual reviews and will, with experience, be responsible for managing on an ongoing basis a TBD number of existing leveraged credit relationships.
This job reports up through Banking Group Portfolio Management (BGPM). BGPM is responsible for underwriting new loan opportunities and managing a portfolio of loans in the following industry and business segments: Energy, Leveraged Finance, Healthcare, Asset Based Lending, Diversified, Middle Market (including Agribusiness), Business Banking, Private Banking, Small Business and SBA.
Essential Functions
  • Gather and analyze all relevant financial data for clients or prospects, including spreading financial statements and/or collaborating with third party vendor to ensure accuracy of financial spreads statements, analyzing historical performance, accurately calculating credit metrics, identifying risks and mitigants, and assessing creditworthiness, etc. while effectively utilizing and providing feedback to, third party resources.
  • Model future financial performance of clients and prospects, including downside scenarios.
  • Assist Business Partners/Bankers/Relationship Managers in structuring transactions.
  • Perform enhanced leveraged cash flow due diligence, when appropriate (i.e., in specific Banking Group Portfolio Management, "BGPM" specialty groups).
  • Prepare a thorough credit underwriting document identifying credit risks and mitigants, industry concerns, market share trends, financial trends, and other pertinent credit issues.
  • Ensure compliance with all relevant regulations including Know Your Customer (KYC), running MCA/Patriot Act/OFAC checks as well as certifying Beneficial Ownership.
  • Manage the approval process for lending commitments, amendments, waivers, and consents, including providing monitoring, reporting and/or making recommendations to Credit Executives as appropriate.
  • Review and properly maintain all necessary legal documentation including credit agreements, guarantees, security pledges, and collateral documentation to ensure that the documentation correctly reflects approval.
  • Monitor accounts/ongoing financial performance of portfolio to track covenant compliance, determine liquidity, earnings trends, management capability and other essential information to secure the bank's position to minimize potential losses. Ensure data integrity in Key's systems and reporting and that all assets remain appropriately risk rated at all times, with timely changes.
  • Identify potential problem accounts and work with our Asset Recovery Group, as appropriate, to improve the bank's position in undesirable situations.
  • Establish and maintain direct client relationships. Attend management presentations, bank meetings and conduct plant/site visits as appropriate to monitor business conditions and/or identify new underwriting, and/or additional bank product opportunities.
  • Contribute to white papers, as requested, prepared by Industry groups.
  • Provide guidance and feedback to Analysts as appropriate.
  • Gather and prepare data in response to ad hoc data requests
  • Work with a senior PM to gather and analyze all relevant financial data for a client or prospect, including modeling client's / prospect's projections in our Leveraged Cash Flow model, including downside scenarios, analyzing historical performance, accurately calculating credit metrics, identifying risks and mitigants, assessing creditworthiness, etc.
  • Assist in, and sometimes lead, diligence of new LBO opportunities, including mining data rooms and reviewing 3rd party diligence data.
  • Assist VPs and SVPs with the completion of Annual Reviews on all existing clients.
  • Take part in the approval process for lending commitments, amendments, waivers, and consents, including answering questions from Credit Executives
  • Take ownership from a portfolio management perspective of TBD number of existing leveraged transactions and manage the ongoing needs of those portfolio names, including, annual reviews, quarterly portfolio reporting, amendment and waiver requests and add-on acquisition requests.
  • Monitor the ongoing financial performance of portfolio companies and track covenant compliance
  • Performs other duties as assigned; duties, responsibilities and/or activities may change or new ones may be assigned at any time with or without notice
  • Complies with all KeyBank policies and procedures, including without limitation, acting professionally at all times, conducting business ethically, avoiding conflicts of interest, and acting in the best interests of Key's clients and Key.

Education
  • Bachelor's Degree or equivalent work experience in finance, accounting, economics and/or business (preferred)
  • Master's Degree MBA (preferred)

Work Experience
  • Minimum of 3 years of commercial underwriting, credit, banking and/or financial services experience (required)
  • One or more years of experience in leveraged finance (preferred).

Skills
  • Demonstrates an understanding of foundational accounting principles and can interpret and analyze financial statements (balance sheets, income statements, cash flow statements) to assess a company's financial health and ability to meet its obligations. Able to effectively utilize various tools and techniques, including financial ratios, to evaluate a borrower's financial strength and assess risk. (experienced)
  • Able to carefully evaluate the impact of all emerging and/or existing considerations and choose the best path forward using informed, rational, and effective decision-making techniques in various lending and business situations. (experienced)
  • Able to clearly, concisely, and persuasively convey information, whether verbal, written, or nonverbal. Able to effectively synthesize large amounts of complex information into a more consumable summary. Consistently demonstrates a focus on keeping clients, partners, and teammates informed as to the real-time status of important matters. (experienced)
  • Able to effectively shepherd a transaction through all required stages, while staying organized, meeting deadlines, managing risk, and ensuring a favorable experience for the client. (experienced)
  • Able to effectively identify, assess, and control potential risks involved with corporate lending. Properly grading loans to reflect their risk level and ensuring accurate risk ratings. Able to effectively interpret and negotiate credit agreements and loan documentation. Understanding how specific loan terms and conditions can be employed to mitigate risk of loss. Ensure accuracy in loan documentation and seek credit approval related to documentation that deviates from Key's standard form (e.g. ISDAs) (experienced)
  • Demonstrated ability to take initiative, set clear objectives, and prioritize tasks to meet deadlines, maximize productivity, and minimize stress. Able to successfully identify which tasks are urgent (requiring immediate attention) and which are important (contributing to long-term goals). Able to effectively multitask and balance competing priorities. Habitually working with energy and commitment; industrious. (experienced)
  • Effectively working with others to reach a shared goal. Consistently displaying a willingness to shoulder a fair share of the workload in addition to helping others meet their objectives. (experienced)
  • Consistently taking ownership of one's actions, decisions, and performance, and being responsible for achieving the agreed-upon outcomes. Being reliable, dependable, and fulfilling commitments. Able to be relied upon as honest and truthful. (expert)
  • Able to withstand or recover quickly from stressful or difficult conditions. Able to move forward with less than perfect, or incomplete, information and ability to flexibly and comfortably adapt to changing work demands. (working knowledge)
  • Able to identify, evaluate, and interpret information, and question assumptions to reach well-supported, evidence-based conclusions. Open-minded and eager to seize opportunities to learn, grow, acquire knowledge, and expand skill set. (experienced)
  • Demonstrates the ability to influence and inspire, motivate, empower, and guide others towards a common goal. Consistently displays the highest standards, values, and behaviors, inspiring others to follow, and setting a model for excellence. (working knowledge)
  • Competent with Microsoft Office and the ability to learn and effectively utilize other technology applications (required)
  • Competent in financial analysis and modeling
  • Ability to gather relevant research, analyze data, and synthesize large amounts of information to accurately assess corporate creditworthiness and create a detailed and thorough underwriting package
  • Emerging experience structuring meaningful and appropriate financial covenants for syndicated debt facilities
  • Developing experience managing the left lead /administrative agent role in syndicated deals
  • Ability to lead discussions with clients and act as the primary lending representative on deal execution as needed under supervision/guidance from senior leaders as appropriate
  • Foundational knowledge of business and legal elements of credit agreements, and the ability to work with counsel and collaborate through document negotiations on agented transactions and/or assist lead syndicator in document negotiations
  • Foundational understanding of banking and investment banking products and services
  • Effective presentation and communication skills, with the ability to collaboratively make an impact
  • Ability to plan, multi-task, manage time effectively, and frequently lead work independently, with supervision of senior team members as needed
  • Experience with / knowledge of Microsoft Office products, including significant experience with Microsoft Excel
  • Proficiency in financial analysis and financial modeling
  • Understanding of fundamental Corporate Finance concepts
  • Ability to plan, multi-task, manage time effectively, and work independently with limited direction

Core Competencies
  • All KeyBank employees are expected to demonstrate Key's Values and abide by Key's Code of Conduct.

Physical Demands
  • General Office - Prolonged sitting, ability to communicate face to face in person or on the phone with teammates and clients, frequent use of PC/laptop, occasional lifting/pushing/pulling of backpacks, computer bags up to 10 lbs.

Travel
  • Occasional travel to include overnight stay.

Work Location Category
  • Hybrid- 3+ days a week in office

COMPENSATION AND BENEFITS
This position is eligible to earn a base salary in the range of $80,000.00 - $150,000.00 annually. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for this role also includes eligibility for incentive compensation which may include production, commission, and/or discretionary incentives.
Please click here for a list of benefits for which this position is eligible.
Key has implemented an approach to employee workspaces which prioritizes in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.
Job Posting Expiration Date: 08/12/2026KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, pregnancy, disability, veteran status or any other characteristic protected by law.
Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.
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About KeyBank

Sourced by ZipRecruiter

Key is one of the nation's largest bank-based financial services companies. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

Cleveland, OH, US

Year founded

1849

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