Loan Servicing Associate

3 weeks ago

New York, United States CERBERUS CAPITAL MANAGEMENT, L.P. Full time

Founded in 1992, Cerberus is a global leader in alternative investing with approximately $67 billion in assets across complementary credit, private equity, and real estate strategies. We invest across the capital structure where our integrated investment platforms and proprietary operating capabilities create an edge to improve performance and drive long-term value. Our tenured teams have experience working collaboratively across asset classes, sectors, and geographies to seek strong risk-adjusted returns for our investors. For more information about our people and platforms, visit us at www.cerberus.com.

Job Purpose:

This role is in the loan servicing department within the broader operations group. Most of the loans being serviced are Agented by Cerberus Business Finance Agency, LLC and are originated by our middle market lending group, Cerberus Business Finance.

Responsibilities & Deliverables:

Loan Servicing

  • Service broadly syndicated loans, some with as many as 50 different Lenders
  • Communicate in an appropriate and timely fashion with borrowers, participating lenders, and deal professionals
  • Process all life-cycle activity of loans and related securities, including but not limited to booking new transactions, principal payments, interest rollovers, etc.
  • Reading and understanding credit agreements and ancillary legal documentation
  • Work with multiple fund administrators to reconcile positions, P&L and cash breaks
  • Perform daily book vs broker cash reconciliation in the Intellimatch system
  • Work with Borrowers and deal professionals for daily Revolver activity
  • Input wires for loan settlement onto Kyriba treasury system in timely manner
  • Compute IRR calculations
Other
  • Working closely with deal professionals, auditors, borrowers, lenders, participants, trustees, legal teams, tax, treasury, and accounting and our leverage finance teams to provide highest standards of service through the full lifecycle of the security
  • Analyze P&L, including realized and unrealized calculation, calculating FX P&L on foreign securities, interest accrual calculations as well as cost relief analysis
  • Coordinate closing flow of funds, making sure there is available cash by fund for settlement and working with treasury to make sure all wires are executed
Key Requirements:
  • 1-5 years' experience in Loan Operations and/or Accounting using Wall Street Office
  • Familiar with WSO Administrator/Agent, VPM, SAP-Business Objects is a plus
  • Excellent communications skills both verbal and written are needed as well as strong problem solving skills
  • Attention to detail, organized, strong Excel skills, use of vlookups, if statements and pivots
  • Can operate in a fast-paced environment and is open minded to help improve processes
  • Strong background and work experience in middle market lending environment
  • Understanding of pro-rata, weighted average cost of paydowns
  • Understanding P&L, Economic Benefit, Delayed Comp Fees, Par vs. Distressed Loans, PIK loans
  • Understanding of loan accounting in accordance with GAAP


The base salary for this position is expected to be between $90,000.00 and $100,000.00. The base salary offered to the chosen candidate will be commensurate with a candidate's relevant experience and other qualifications for the position, as determined by the Company in its sole discretion. In addition to base salary, this position is eligible for an annual discretionary bonus, which is often a meaningful portion of the compensation package, and a robust benefits package.

  • Loan Servicing Associate

    4 months ago

    New York, United States Cerberus Full time

    Responsibilities & DeliverablesLoan ServicingService broadly syndicated loans, some with as many as 50 different LendersCommunicate in an appropriate and timely fashion with borrowers, participating lenders, and deal professionalsProcess all life-cycle activity of loans and related securities, including but not limited to booking new transactions, principal...

  • Loan Operations Associate

    3 weeks ago

    New York, United States Cyfle Full time

    About the job Loan Operations Associate Salary: $ 80, 000.00 We have partnered with a financial company in the New York, NY area to provide them with a Loan Operations Associate. Please review the below description and let us know if you are interested. Prioritized must haves for the Loan Operations Associate: #1. Bachelors degree or its equivalent with...

  • Loan Operations Associate

    2 weeks ago

    New York, United States Cyfle Full time

    About the job Loan Operations Associate Salary: $ 80, 000.00We have partnered with a financial company in the New York, NY area to provide them with a Loan Operations Associate. Please review the below description and let us know if you are interested. Prioritized must haves for the Loan Operations Associate: #1. Bachelors degree or its equivalent with 2+...

  • Loan Operations Associate

    4 weeks ago

    New York, United States Northbound Executive Search Full time

    Job DescriptionJob DescriptionOur client, a prestigious investment firm, is seeking an Loan Operations Associate to join their team in their New York City office. Ideally seeking individuals that can work in Manhattan 4 days/week with the option to work remotely on Fridays.Responsibilities:Processing all loan portfolio activity.Reconciliation of cash and...

  • Loan Servicing Specialist

    1 month ago

    New York, New York, United States Municipal Credit Union Full time

    Job DescriptionAbout Municipal Credit Union:We are a financial institution dedicated to providing affordable financial products and convenient services to our members. Our mission is to connect our members and communities with an exceptional financial future.Overview:The Loan Servicing Generalist I position is responsible for handling all post-closing issues...

  • Middle Office Loans Associate

    4 weeks ago

    New York, New York, United States Phaxis Full time

    Job Title: Middle Office Loans AssociateCompany: PhaxisDepartment: Global MarketsJob Type: Full-timeLocation: RemoteAbout Us: Phaxis is a global financial services group with an integrated network spanning over 30 countries and regions.Job Description:The successful candidate will work on a Loans Middle Office team, coordinating primary closing Loan...

  • Loan Servicing Specialist

    4 weeks ago

    New York, New York, United States Amalgamated Bank of NY Full time

    Amalgamated Bank is seeking a highly skilled professional to manage the end-to-end loan servicing process for Commercial, Industrial, Commercial Real Estate, and Small Business loans.The ideal candidate will ensure compliance with Bank's policies and procedures, as well as Loan Servicing requirements.Key responsibilities include verifying accuracy of...

  • Loan Closer Associate

    4 weeks ago

    New York, New York, United States Jefferies Full time

    Job SummaryAs a Loan Closer Associate at Jefferies, you will be responsible for managing the day-to-day activities of CLO warehouses, communicating trade flow between fund managers and TRS providers, and resolving discrepancies. You will also be responsible for entering and closing CLO warehouse trades in LIQ to track positions, interpreting warehouse legal...

  • Loan Servicing Asscociate

    3 weeks ago

    New York, United States Royal Business Bank Full time

    JOB SUMMARYPerforms loan servicing functions; complies with all Bank lending policy and procedures, and regulations which apply within the scope of the position, including Bank Secrecy Act.DUTIESPerform loan servicing from new loan booking, processing transactions for loans, tracking insurance, and rate changes;Coordinate daily activities and functions of...

  • Associate - Junior Loan Workout Specialist

    3 months ago

    New York, United States MUFG Bank, Ltd. Full time

    Do you want your voice heard and your actions to count? Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world's 10 largest financial institutions according to S&P Global. Across the globe, we're 120,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values,...

  • Loan Operations Associate

    2 months ago

    New York, United States SUMITOMO MITSUI TRUST BANK, LIMITED Full time

    Job DescriptionJob DescriptionAbout the BankSumitomo Mitsui Trust Bank, Limited was established through the merger of The Sumitomo Trust and Banking Co., Ltd with Chuo Mitsui Trust and Banking, Ltd. on April 1, 2012. We are one of the largest asset managers in Asia and number one among Japanese financial institutions by AUM, with approximately $850 Billion...

  • Loan Closer

    4 months ago

    New York, United States Carver Federal Savings Bank Full time

    Loan CloserDepartment: Loan Operations Department Reports: Loan Administration ManagerCOMPANY BACKGROUND: Carver Bancorp, Inc. (NASDAQ: CARV) is the holding company for Carver Federal Savings Bank (“Carver” or the “Bank”), a federally chartered financial institution with approximately $600 million in assets. The Bank was chartered in 1948 to address...

  • Middle Office Loans Associate

    3 months ago

    New York, United States Phaxis Full time

    global financial services group with an integrated network spanning over 30 countries and regions. By connecting markets East & West, services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Wholesale (Global Markets and Investment Banking), and Investment Management. Department overview: The...

  • Loan Specialist

    1 month ago

    New York, New York, United States Cognixia Full time

    Job OverviewCognixia is seeking a skilled Loan Specialist to join our team. As a Loan Specialist, you will be responsible for confirming loan documentation for accurate trade settlements, drafting and confirming loan documentation related to trade settlement within the syndicated loan market, and providing syndicated loan trading support in the areas of...

  • Loan Specialist

    4 weeks ago

    New York, New York, United States Cognixia Full time

    At Collabera, you will have the opportunity to work on challenging and exciting projects in the syndicated loan market. As a Loan Specialist, you will be responsible for confirming loan documentation for accurate trade settlements, drafting and confirming loan documentation related to trade settlement within the syndicated loan market, and providing...

  • Loan Specialist

    4 weeks ago

    New York, New York, United States Cognixia Full time

    Job DescriptionAs a Loan Specialist at Collabera, you will be responsible for confirming loan documentation for accurate trade settlements. This includes drafting and confirming loan documentation related to trade settlement within the syndicated loan market, inclusive of trade confirmations, assignment and acceptance agreements, and funding memos for...

  • IT Service Associate

    1 month ago

    New York, New York, United States CNB Bank ErieBank Holiday Financial Services Full time

    Job SummaryCNB Bank is seeking a highly motivated and detail-oriented IT Service Associate to join our team. As an IT Service Associate, you will be responsible for ensuring the proper operation of computer systems and resolving end-user issues in a timely and effective manner.Key ResponsibilitiesRespond to and resolve incoming requests to the service desk...

  • Loan Servicing Asscociate

    3 weeks ago

    new york city, United States Royal Business Bank Full time

    JOB SUMMARYPerforms loan servicing functions; complies with all Bank lending policy and procedures, and regulations which apply within the scope of the position, including Bank Secrecy Act.DUTIESPerform loan servicing from new loan booking, processing transactions for loans, tracking insurance, and rate changes;Coordinate daily activities and functions of...

  • Loan Servicing Asscociate

    3 weeks ago

    new york city, United States Royal Business Bank Full time

    JOB SUMMARYPerforms loan servicing functions; complies with all Bank lending policy and procedures, and regulations which apply within the scope of the position, including Bank Secrecy Act.DUTIESPerform loan servicing from new loan booking, processing transactions for loans, tracking insurance, and rate changes;Coordinate daily activities and functions of...

  • Loan Closer

    4 weeks ago

    New York, United States W3Global Inc Full time

    Job DescriptionJob DescriptionDescriptionOur Client has earned a reputation for serving the needs of our communities by emphasizing the importance of personal banking and by promoting local economic development. We employ a highly qualified and professional staff and offer a wide variety of products and services designed to meet the needs our customers and...