Agency Loan Administrator

1 month ago


Jersey City, United States Mizuho Financial group Full time

SUMMARY

The Loan Administration Unit (Agency/Bilateral Loan Administration) AVP is responsible for assisting the Section Head in supervising the Agency / Bilateral Loan Administration Section; ensures accurate and timely administration / servicing of the Bank's agented loan portfolio; ensures daily activity comply with state and federal laws, regulations and Bank lending policies and procedures; ensures department activities run smoothly and efficiently; provides leadership, training and supervision within the department; and provides a high level of customer relations and service. The Loan Administration Unit (Agency/Bilateral Loan Administration) AVP help assist in transaction approval as required, support a complex loan portfolio, and is required to be fully knowledgeable and skilled in all areas of servicing syndicated and bi-lateral loan facilities.

LAU AVP is responsible for all phases of new Agency deal closing process wherein Mizuho's role is as Administrative Agent or direct lender. This includes providing expertise and guidance during pre-closing meetings, reviewing and providing comments on credit agreement and other closing documentation, coordinating funds flow, fee allocations and disbursement of funds and lender notification, and building deal in lending system. Attention to detail is imperative especially with complex transactions (i.e Project Finance, Securitization, etc.).

LAU AVP will have exposure to and will handle various products such as ABL, equity fund finance and residential mortgage, as well as service Left Lead Institutional Term Loan B deals with frequent and multiple lender trades daily and/or weekly.

PRINCIPLE DUTIES AND RESPONSIBILITIES:

General Duties

Act as Mizuho LAU representative in coordinating transactions between customers, Agent Banks, Participant banks, Front office, Americas Treasury Division (ATD) and other parties

Manage the administrative aspect of all New Deal Closings. Calculating, invoicing and disbursing all deal related fees. Coordinating movement of funds related to initial funding and closing. Work closely with Borrower and Bank Group.

Report to Management, Supervisors and Account Officer all transactions that require special handling or approval.

Credit Arrangement Maintenance

Review, release and approve traditional loan deals processed by administrators

Maintain high level of technical support to Loan Administration staff, account officers and client base

Independently manage administrative processes for complex loan deals

Provide consultative support to Account Officers on operational deal structure issues

Review Document and Facility Instruction Sheet / CA Booking Request in order to compare loan documentation to Credit Approval and ensure that the structure and content are identical; and to create or maintain Accurate Credit Arrangements in ACBS

Commercial Loan Maintenance

Restricted transaction approval authority

Responsible for the daily maintenance of the commitment facilities including: monitoring borrowing status, prepare new borrowings, rollovers, rate sets, conversions, repayments and prepayments.

Calculate, invoice and disburse ongoing interest and fee payments from a Borrower and/or Lender perspective. This includes agency and amendment fees as well as all monthly and/or quarter end activity

Maintaining and monitoring Fronting LC, Invoice Discounting and Risk Participations. Monitoring and distributing Financials when due. Interact with Treasury on rate settings for foreign currencies and USD loans

Responsible for verifying integrity of transaction

Accountable for ongoing quality, integrity and completion on all data

Reconciliation

Act as a trouble-shooter for deal management related problems

Communicate with treasury to confirm discrepancies in funding rates

Interact with customers for all cash movement activity

Reconcile statement to ledger entries

Others

Participate in various short-term projects to maintain data integrity

Maintain filing and billing

See attached for delegated duties

Exception Duties (As requested by UH)

* Independently manage all collateral requirements for credit deals
* Advise Account officers of all collateral shortfalls
* Perform periodic data integrity checks
* Duties as assigned
* Undertakes special projects, and assumes other duties, as assigned, completing such tasks on time.

Compliance

* Obtain a basic understanding of the applicable rules and regulations that govern the Bank. Understand that all questions and/or clarification about such rules and regulations should be directed to the Americas Legal and Compliance Division. Attend Annual Compliance Training presented by the Americas Legal and Compliance Division. Read and respond as necessary to all compliance-related reference and directive materials received. Comply with the Bank's "Code of Conduct".
* Designated as person responsible for reporting potentially prohibited transaction(s) (OFAC related) upon detection.

QUALIFICATIONS:

* Seven years or more of loan product experience as Administrative Agent
* Experience with loan operating systems: ACBS, LoanIQ
* Experience with specialized lending products (e.g. Asset Securitization, Leasing, Collateralized Loan Obligations, Project Finance, Loan Trading, and or Credit Derivatives, as necessary)
* Experience with compliance in a lending area
* Experience with collateral evaluation procedures
* Proficient in management of lending products
* Be thorough and accurate and demonstrate attention to details
* Competent written and oral communications skills
* Organizational skills and to work well under pressure
* Ability to identify and solve problems
* Strong knowledge of wire transfer (FED,CHIPS,SWIFT)

Other requirements

Mizuho has in place a hybrid working program, with varying opportunities for remote work depending on the nature of the role, needs of your department, as well as local laws and regulatory obligations.

Company Overview

Mizuho Financial Group, Inc. is the 15th largest bank in the world as measured by total assets of ~$2 trillion. Mizuho's 60,000 employees worldwide offer comprehensive financial services to clients in 35 countries and 800 offices throughout the Americas, EMEA and Asia. Mizuho Americas is a leading provider of corporate and investment banking services to clients in the US, Canada, and Latin America. Through its acquisition of Greenhill, Mizuho provides M&A, restructuring and private capital advisory capabilities across Americas, Europe and Asia. Mizuho Americas employs approximately 3,500 professionals, and its capabilities span corporate and investment banking, capital markets, equity and fixed income sales & trading, derivatives, FX, custody and research. Visit www.mizuhoamericas.com.

Mizuho Americas offers a competitive total rewards package.

We are an EEO/AA Employer - M/F/Disability/Veteran.

We participate in the E-Verify program.

We maintain a drug-free workplace and perform pre-employment substance abuse testing.

#LI-MIZUHO



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