Loan Servicing Associate

4 weeks ago


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

Cerberus Capital Management, L.P. is seeking a highly skilled Loan Servicing Associate to join our team in the loan servicing department. This role is responsible for servicing broadly syndicated loans, communicating with borrowers and lenders, and processing life-cycle activities of loans and related securities.

Key Responsibilities:
  • Service loans with multiple lenders, including communicating with borrowers and deal professionals
  • Process all life-cycle activities of loans and related securities, including booking new transactions, principal payments, and interest rollovers
  • Read and understand 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 a timely manner
  • Compute IRR calculations
Requirements:
  • 1-5 years' experience in Loan Operations and/or Accounting using Wall Street Office
  • Familiarity with WSO Administrator/Agent, VPM, and SAP-Business Objects is a plus
  • Excellent communication skills, both verbal and written, and strong problem-solving skills
  • Attention to detail, organized, and strong Excel skills, including vlookups, if statements, and pivots
  • Ability to operate in a fast-paced environment and be open-minded to improving processes
  • Strong background and work experience in middle market lending environment
  • Understanding of pro-rata, weighted average cost of paydowns
  • Understanding of P&L, Economic Benefit, Delayed Comp Fees, Par vs. Distressed Loans, and 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, with an annual discretionary bonus and a robust benefits package.



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