Syndicated Loan Analyst

7 days 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 DescriptionProfessional Services Staffing AgencyCompany DescriptionProfessional Services Staffing Agency

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