Syndicated Loan Operations Associate

  • location: Newark, DE
  • type: Contract
  • salary: $22 - $24 per hour
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job description

Syndicated Loan Operations Associate

job summary:
Customer service, back office transaction processing - 2 fold - contact with senior level clients (CFOs), and internal processing of syndicated loan activity processing

Responsible for collecting on loan amounts in the Multi-Million and Billion $ ranges; Attention to detail is very important

Professionally mature

Math background or good utilization of Excel - Calculation of 700+ line items - vLookups and pivot tables are important (Candidates will be asked), interest calculations

Intention is Contract to Hire

location: Newark, Delaware
job type: Contract
salary: $22 - 24 per hour
work hours: 8 to 5
education: Bachelor's degree
experience: 3 Years
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

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

Application Process

Once we know you're interested, a Randstad Professionals recruiter will review your resume and contact you to better understand your skills and tell you more about the opportunity. We will meet qualified candidates face to face and our best talent interviews with the employer face to face - we will move quickly!

Interviewing now! Click Apply to submit your resume today.

skills: Asset Management, Commercial Lending, Mortgage Lending, Banking Operations, General Accounting and Finance Skills
Equal Opportunity Employer: Race, Color, Religion, Sex, Sexual Orientation, Gender Identity, National Origin, Age, Genetic Information, Disability, Protected Veteran Status, or any other legally protected group status.

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