Syndicated Loan Analyst

2 weeks ago


Newark, United States Veterans Sourcing Group Full time
Job DescriptionJob Description

Our client is seeking a Syndicated Loan Analyst on a temporary-to-hire basis for their office in Newark, DE.

Essential Responsibilities:

  • 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
  • Participate in system testing, as needed, which may occur during non-business hours
  • 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:

  • Education: Minimum undergraduate degree from an accredited university, preferably majoring in accounting, finance, economics or math. Related job and industry experience can be accepted as a substitute (2+ years)
  • General to intermediate accounting knowledge
  • Ability to manage concurrent assignments in an effective, efficient and organize manner
  • Ability to work independently within a team environment
  • Excellent oral and written communications skills and strong interpersonal/client servicing skills
  • Strong analytical, problem solving and proven decision-making skills
  • Solid working knowledge of Microsoft Office applications (i.e. Excel, Word and PowerPoint)
  • Must have experience reading and interpreting loan documentation or related experience dealing with legal documentation
  • Loan experience or loan operations is a plus
  • Flexible working schedule with some overtime required
Company DescriptionVeterans Sourcing Group (VSG) is a SDVOB (Service Disabled Veteran Owned Business). Our Mission is to provide the highest quality of staffing and recruitment services. VSG is proudly recognized by the NVBDC (National Veteran Business Diversity Council).Company DescriptionVeterans Sourcing Group (VSG) is a SDVOB (Service Disabled Veteran Owned Business). Our Mission is to provide the highest quality of staffing and recruitment services. VSG is proudly recognized by the NVBDC (National Veteran Business Diversity Council).

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