Loan Servicing Associate
3 months ago
Responsibilities
& DeliverablesLoan Servicing
Service 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 payments, interest rollovers, etc.Reading and understanding credit agreements and ancillary legal documentationWork with multiple fund administrators to reconcile positions, P&L and cash breaksPerform daily book vs broker cash reconciliation in the Intellimatch systemWork with Borrowers and deal professionals for daily Revolver activityInput wires for loan settlement onto Kyriba treasury system in timely mannerCompute IRR calculationsOther
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 securityAnalyze P&L, including realized and unrealized calculation, calculating FX P&L on foreign securities, interest accrual calculations as well as cost relief analysisCoordinate closing flow of funds, making sure there is available cash by fund for settlement and working with treasury to make sure all wires are executedKey Requirements:
1-5 years' experience in Loan Operations and/or Accounting using Wall Street OfficeFamiliar with WSO Administrator/Agent, VPM, SAP-Business Objects is a plusExcellent communications skills both verbal and written are needed as well as strong problem solving skillsAttention to detail, organized, strong Excel skills, use of vlookups, if statements and pivotsCan operate in a fast-paced environment and is open minded to help improve processesStrong background and work experience in middle market lending environmentUnderstanding of pro-rata, weighted average cost of paydownsUnderstanding P&L, Economic Benefit, Delayed Comp Fees, Par vs. Distressed Loans, PIK loansUnderstanding of loan accounting in accordance with GAAPThe 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.
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