What are the responsibilities and job description for the Loan Servicing Specialist position at Fusion Staffing Partners?
Our elite global Alternative Investment Management client is seeking to recruit a Loan Servicing Specialist to service and process full loan lifecycle events for agented and non-agented middle market loans including but not limited to interest rollovers, rate sets, paydowns, revolver borrowings and PIK loans.
Responsibilities:
- Service and process full loan lifecycle events for agented and non-agented middle market loans including but not limited to interest rollovers, rate sets, paydowns, revolver borrowings and PIK loans
- Manage full lifecycle processing of loans and securities
- Book new transactions, interest rollovers, principle payments, etc.
- Interact frequently and effectively with borrowers, deal teams and lenders
- Analyze and interpret credit agreements and legal documentation effectively
- Collaborate with multiple fund administrators to analyze profit and loss statements (P&L), cash breaks and to reconcile positions
- Assist deal teams and borrowers with daily revolver activity
- Perform daily book vs. broker cash reconciliations
- Enter wires for loan settlements in a timely manner
- Perform IRR calculations
- Work closely with internal and external stakeholders
Requirements:
- Bachelor's Degree
- 3 years of loan servicing, loan accounting or loan operations experience in a middle market lending environment
- Wall Street Office (WSO) systems experience preferred
- Advanced Excel skills
- Fundamental knowledge of broadly syndicated loans, PIK loans, Par vs. Distressed Loans, Delayed Comp Fees, etc.
- Fundamental understanding of P&L analysis and loan accounting standards
- Excellent communication skills with the proven ability to interact effectively with internal and external stakeholders
