What are the responsibilities and job description for the Syndicated Loan Administrator - Corporate Banking position at The Horizon Group?
Corporate Banking Syndicated Loan Administrator
The Horizon Group is searching for a Corporate Banking Syndicated Loan Administrator for one of our international banking clients located in midtown NYC. The role will be remote 10 days a month, the other days in the office. Only candidates with a Loan Administration background and at least three years of experience will be considered.
Responsibilities:
· Responsible for handling all existing loan activities for the relevant internal business groups: loans, committed lines and letters of credit; handle new funding, rollovers, fee schedules, repayment schedules, etc.
· In support of Head of Loan Administration, perform supervisory function of junior members of Loan Administration.
· Review Loan documentation and forms to ensure proper recording of transactions.
· Ensure that information flow coming from agent banks, customers, Head Office, Public Finance Structured Finance, Treasury, etc. is promptly and accurately acted upon and accurately reflected in the bank’s relevant books and records.
· Oversee the handling of all correspondence regarding syndicated loans, standby letters of credit, bank bonds, etc.; conduct and supervise manual billing process regarding interest and fees in a timely fashion; oversee the audit confirmation process.
· Perform the administrative agent function for all syndicated loans/facilities; maintain depository accounts for relevant customers; ensure the proper flow of information and funds between borrowers and participants.
· Prepare loan related accounting batch entries and handle manual adjustments to income reports; maintain Loan Administration filing system and scan relevant documentation into the bank’s electronic filing system.
· Adhere to relevant Compliance policies and procedures, including those for Operational Risk and BSA/AML/CIP programs.
· Ensure that new customer input records or amendments have proper approval.
Qualifications / Requirements:
· 3-5 years of experience handling Syndicated loans for an International Bank
· Knowledge of Letters of Credit
· Experience with Public Finance, Structured Finance, Treasury lending
· 3-5 years handling the review of Syndicated Loan Documentation
· Excellent communication skills
Salary : $100,000 - $110,000
