What are the responsibilities and job description for the Associate Director, Loan Agency Administration position at Barings LLC?
At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.
We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.
Title: Associate Director, Loan Agency Administration
Business Unit: Bank Loan Operations Agency Team
Location: Chicago, IL or Charlotte, NC
Job Summary
Barings is seeking a seasoned commercial lending operations professional to join our Loan Agency Quality Assurance Team. This position can be located be in our Chicago, IL or Charlotte, NC office.
Primary Responsibilities
This position is responsible for reviewing the documentation and other necessary information required to close, fund, and book commercial loan transactions including new deals, restructures, and amendments.
- Provide support and quality assurance oversight to the Loan Agency team for all aspects of the set-up and processing of agented bank loan transactions.
- Review and and interpret bank loan legal and related documentation to ensure complete and accurate set-up of deal and borrower level information on internal systems and also what is being captured by our third-party service providers.
- Follow and enforce established controls and suggest new ones as products and team processes evolve and change to support a growing private credit business.
- Conduct final review of executed loan documentation and checklists to ensure overall accuracy and completeness.
- Validate that deal set-up changes have been made in a timely and accurately manner by our third-party service providers.
- Assist in monitoring overall vendor performance and flag issues to leadership as needed.
- Review borrower invoices for accuracy. Ensure that preparation, distribution and tracking of invoices is complete.
- Provide requested documentation for the completion of annual audits as needed.
- Work on special projects upon request.
Qualifications
- 4 years’ experience in commercial lending in loan closing, booking and/or servicing functions preferably in Agency Services.
- Bachelor’s degree in finance, accounting or related fields and/or equivalent combination of education and industry experience is preferred
- Ability to multi-task and adapt to changing circumstances and adjust priorities as needed in a deadline driven environment while maintaining careful attention to detail and accuracy.
- Excellent attention to detail, taking individual responsibility for quality and accuracy.
- Works well independently as well as in a team environment.
- Excellent communication and interpersonal skills with the ability to liaise effectively with internal and external counterparts and stakeholders.
- Can-do attitude: resilient with the ability to remain calm when under pressure.
- Takes ownership and responsibility for tasks; follows through to completion.
- Highly organized.
- Demonstrated initiative for problem solving with a focus on providing an excellent customer experience.
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Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.
Barings offers a comprehensive benefits package including:
CORE BENEFITS & WELLNESS
- Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
- Fitness Center Reimbursement Program (Including Online Memberships)
- Employee Assistance Program (EAP)
- Fertility Benefits
FINANCIAL WELL-BEING
- Highly competitive 401(k) Plan with Company Match
- Health Savings Account (HSA) with Company Contributions
- Flexible Spending Accounts (FSA) - Health Care & Dependent Care
- Retirement Health Reimbursement Account
LIFE INSURANCE
- Basic and Supplemental Life Insurance
- Spouse and Child Life Insurance
TIME OFF, DISABILITY AND LEAVE OF ABSENCE
- Paid Vacation, Sick Days and Annual Holidays
- Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)
- Short and Long Term Disability Plans
- Paid Volunteer Time
OTHER BENEFITS
- Education Assistance Program
- Charitable Matching Gifts Program
- Commuter Reimbursement Program
- Adoption and Surrogacy Reimbursement Program
