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Loan Operations Analyst/associate

4 months ago


New York, United States TD Witz Associates Full time

Responsibilities
- Analysis of loan administration activities including interpreting Agent notices related to paydowns, borrowings, fundings, capitalized interest, and rollovers.
- Review and maintenance of security attributes (Ratings, Recovery rates, Industries, Spreads, Maturities, etc.) for underlying portfolio assets.
- Review daily cash flows and reconciliations to ensure proper collection and allocation of cash payments.
- Reconciliation of key portfolio statistics between internal systems and the Trustee’s/Custodian’s book of record.
- Develop strong working relationships with the various Trustees to promptly resolve cash, asset and data discrepancies.
- Communicate with Agent banks and counterparties in resolving issues involving account positions and various trade activities.
- Prepare and review monthly client reports comprised of performance and portfolio characteristics for Leveraged Loan Accounts
- Work closely with Portfolio Managers, Traders and Credit Analysts to gather necessary information and also support their operational and analytical needs.
- Familiarity with Par/Distressed bank loans, PIK notes, trade claims, warrants and private equities.

Desired Skills and Experience
- 2-8 years of experience of general loan operations and administration
- Working knowledge of the loan products and related documentation (Credit Agreement, Trade documents)
- Familiarity with loan administration and reporting systems (Clearpar, etc.)
- Knowledge of loan restructures/amendments
- Strong attention to detail and problem-solving skills
- Ability to prioritize and work in a fast-paced environment
- Well organized with strong written and communication
- '
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Pay: $95,000.00 - $140,000.00 per year

**Benefits**:

- 401(k)
- Dental insurance
- Health insurance
- Paid time off
- Tuition reimbursement

Schedule:

- Monday to Friday

**Education**:

- Bachelor's (required)

**Experience**:

- syndicated or direct bank loan: 2 years (required)
- Microsoft Excel: 2 years (required)

Ability to Relocate:

- New York, NY 10112: Relocate before starting work (required)

Work Location: In person