Loan Servicing Associate

LINE OF BUSINESS

Wholesale Lending Services

Wholesale Lending Services (WLS) is part of the Commercial Investment Bank providing lending servicing support to multiple business units across the firm and around the world. The Operation provides loan documentation; closing and funding; payment and fee processing; syndication loan trade processing; credit administration; collateral perfection and management, customer service and reporting; and construction management.

JOB DESCRIPTION

The Loan Servicing Associate supports the largest and most sophisticated corporate loan transactions in the market. They primarily provide operational support to Debt Capital Markets on Term Loan B/institutional debt where the Investment Bank is the administrative agent. This position is responsible for providing loan servicing/administrative support (reconciliation/billing/payments) and has direct communication with borrowers, lenders and business partners.

RESPONSIBILITIES

• Provide deal origination and execution support to Debt Capital Markets and Credit Risk Management
• Review legal documentation for operational feasibility
• Initiate systems set-up on all aspects of new deals, including lenders and borrower contact and account/funding details
• Manage the process of contacting investors and obtaining administrative information associated with new deals
• Initiate initial funding on new deals and restructurings; manage the funding process with Corporate Treasury, syndicate lenders, etc.
• Process system changes for documented loan amendments and modifications
• Manage pipeline of assigned closing transactions with potential for multiple transactions closing in a single day
• Support adhoc projects, manager assigned tasks, etc.
• Support daily, weekly and month controls and metrics reporting

QUALIFICATIONS

• 1-3 years of experience in Financial Services (Loans, Credit), Legal or Business Consulting industry
• Excellent business maturity and experience dealing with corporate clients
• Experience with MS Office (Outlook, Word, Excel, PowerPoint)
• Excellent written communication skills (will be communicating with senior level external contacts – professional email writing)
• Experience working in team environment

Nice-To-Have:

• Knowledge or experience with Syndicated Loans
• Experience with LoanIQ