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