What are the responsibilities and job description for the Middle Office Deal Management Closing and Monitoring Associate/VP position at Natixis?
Poste et missions
The Deal Participations Closing and Monitoring Analyst within the Middle Office - FinOps team plays a critical role in collaborating with various Business Lines, including Infrastructure, Acquisition, Sponsor Finance, Aviation, Real Estate, Coverage, Financial Institutions, and Credit Markets. This position is essential for ensuring optimal support, exceptional customer service, effective risk management, and ongoing process improvement. The ideal candidate will be organized, proactive, highly motivated, and able to maintain professionalism while working under pressure.
Key Responsibilities:
- Credit Process Involvement: Participate in all major steps of the credit process, including pre-closing and closing of facilities, daily monitoring, and approval of client deals, including repayments.
- Expertise and Technical Support: Provide expertise and technical support to the Front Office, ensuring seamless communication and collaboration.
- Credit Insurance Management: Actively monitor and process credit insurance arrangements, including the payment of premiums for deals that are partially or fully covered by these arrangements.
- Compliance Monitoring: Ensure that all operations adhere to Natixis’ requirements, facilitating process improvements and compliance execution.
- Collateral and Covenant Oversight: Monitor and analyze collateral and covenant activities, maintaining appropriate operational risk controls.
- Cross-Team Coordination: Collaborate with various teams within Natixis (Loan Booking, Operations, Legal, Risk, Finance, IT, BPO, Front Office, and Compliance) to ensure cohesive operations.
- Client Interaction: Maintain daily communication with clients to process their financing requests efficiently.
- Process Improvement Coordination: Assist in coordinating and executing process improvements across operations.
Essential duties and responsibilities
- Assist the Front Office by attending pre-closing meetings for new deals as needed.
- Review credit agreements to ensure compliance with credit approvals and collaborate with the Deal Closing team to book deals in Loan IQ.
- Address any discrepancies with credit approvals by requesting waivers from the Front Office.
- Confirm that all conditions precedent (CPs) are met before processing any funding.
- Work with the Loan Booking team to provide necessary information for deal bookings and ensure compliance with internal procedures.
- Monitor deals from closing to termination, coordinating closely with the Front Office and Deal Closing team on amendments and waivers.
- Facilitate the timely booking of credit insurance and calculate premiums for insured deals, ensuring compliance with Insurance Certificate requirements.
- Set up and monitor covenants in Loan IQ for bilateral and participated deals, tracking financial and reporting covenants due from borrowers on a monthly, quarterly, and annual basis.
- Manage collateral setup in Loan IQ and update values as required for specific Business Lines.
- Create and maintain spreadsheets for facilities requiring Front Office approval for funding, overseeing daily reconciliations and payment processing activities.
- Conduct monthly reporting, including reviewing distributions, contributions, and cash availability on collateral accounts.
- Ensure compliance with regulatory requirements, including collateral reporting.
- Maintain close connections with business units, GFO Operations teams, and internal support groups to drive process improvements.
- Collaborate with supervisors to optimize processes, controls, automation, and staff utilization across full-time employees, temporary staff, and outsourced providers.
- Actively monitor and seek to minimize operational risks.
- Identify process improvement opportunities and collaborate with support teams (IT, Operations) to implement necessary changes.
The salary range for the Associate-level position will be between $110,000 - $125,000. Natixis is required by law to include a reasonable estimate of the compensation range for this role. Actual base salary will vary and will be based on several factors including, but not limited to, relevant experience, education, skills set, applicable licensure and certifications, and other business and organizational needs. Base salary is only one component of our total rewards package. Natixis also offers a generous benefits package, and you may be eligible for a discretionary incentive award depending on company and individual performance.
The salary range for the VP-level position will be between $120,000 - $150,000. Natixis is required by law to include a reasonable estimate of the compensation range for this role. Actual base salary will vary and will be based on several factors including, but not limited to, relevant experience, education, skills set, applicable licensure and certifications, and other business and organizational needs. Base salary is only one component of our total rewards package. Natixis also offers a generous benefits package, and you may be eligible for a discretionary incentive award depending on company and individual performance.
Profil et compétences requises
Three years (for Associate) or five years (for VP) of experience in commercial lending and asset financing support management at a commercial bank is essential.
Bachelor’s degree in Finance or a related business field.
Familiarity with banking systems, such as Cash Plus and Loan IQ, is a plus.
Proficient in MS Office applications, particularly Excel and PowerPoint.
Strong understanding of financial statements, including the ability to calculate and interpret financial ratios.
Basic knowledge of Letters of Credit and associated products is advantageous.
Salary : $110,000 - $125,000
