BF
Syndicated Loan Analyst/Recent Graduates
BC Forward
Newark · flexible Contract Entry Level $24 – $28/hr 4w ago
About the role
Description
Initiate loan activity (fundings, repricings, payments) as instructed by the client in accordance with credit agreements
- Calculation and tracking of complex interest and fee accruals at various rate levels across changing lender distributions
- Reconcile daily funding and payment activity to account for all daily cash transactions
- Read and interpret complex legal credit agreements and related documentation working with attorneys when applicable
- Initiate and reconcile automated funds movement in accordance with client/lender instructions
- Monitor and escalate past due principal, interest, and fees to ensure that the loan accounting system is accurate and provide clients timely and accurate invoices
- Maintenance of margin changes and proper communication to bank group
- Provide information as requested by Clients, Business Partners, Middle Office, or Lenders
- Monitor control reports updating applicable comments
- Assist with any administrative tasks associated with the terms of a Credit Agreement
- Perform quality control on new deals, restructures and amendments by thoroughly understanding the credit agreement verifying system set up accuracy
- Back up co-workers, work with various special projects or other tasks as assigned
Minimum Requirements
- Undergraduate degree is strongly preferred but related job and industry experience can be accepted as a substitute (3+ years)
- Solid working knowledge of Microsoft Office applications (i.e. Excel, Word and PowerPoint)
- Must have experience reading and interpreting syndicated loan documentation or related experience supporting syndicated loans and using LoanIQ
- Ability to manage concurrent assignments in an effective, efficient and organized manner
- Ability to work independently within a team environment
- Excellent oral and written communications skills and strong interpersonal/client servicing skills
- Strong interpersonal/client servicing skills
- Strong analytical, problem solving and judgment skills
- Flexible working schedule with some overtime required
Benefits
- major medical
- HSA
- dental insurance
- vision insurance
- employer-provided group life insurance
- voluntary life insurance
- short-term disability insurance
- long-term disability insurance
- 401k
Skills
ExcelLoanIQPowerPointWord
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