Job Description

WSN is seeking an Agency Loan Administrator to place with our client, a major investment bank located in NYC. No third parties please.

Job Description:

1. SUMMARY

The Loan Agency Consultant is responsible for ensuring accurate and timely administration / servicing of the Bank's loan portfolio; ensures daily activity comply with state and federal laws, regulations and Bank lending policies and procedures; ensures department activities run smoothly; and provides a high level of customer relations and service

Loan Agency Consultant will assist in all phases of new Agency deal closing process where the bank's role is as Administrative Agent or direct lender. This includes reviewing and providing comments on credit agreement and other closing documentation, coordinating funds flow, fee allocations and disbursement of funds and lender notification, and building deal in lending system. Attention to detail is imperative especially with complex transactions (i.e. Project Finance, Securitization, etc.).

Loan Agency Consultant will have exposure to and will handle various products such as ABL, equity fund finance and residential mortgage, as well as service Left Lead Institutional Term Loan B deals with frequent and multiple lender trades daily and/or weekly.

2. PRINCIPLE DUTIES AND RESPONSIBILITIES :

(1) General Duties

Act as LAU representative in coordinating transactions between customers, Agent Banks, Participant banks, Front office, Americas Treasury Division (ATD) and other parties

Manage the administrative aspect of all New Deal Closings

Calculating, invoicing and disbursing all deal related fees

Coordinating movement of funds related to initial funding and closing

Report to Management, Supervisors and Account Officer all transactions that require special handling or approval

Credit Arrangement Maintenance

Independently manage administrative processes for complex loan deals as administrative agent, bilateral lender

Provide consultative support to Account Officers on operational deal structure issues

Review and opine on Credit Agreement, Fee Letters and other loan documentation to ensure operational feasibility and create or maintain accurate facility set up in ACBS

Commercial Loan Maintenance

Responsible for the daily maintenance of the commitment facilities including: monitoring borrowing status, prepare new borrowings, rollovers, rate sets, conversions, repayments and prepayments.

Calculate, invoice and disburse ongoing interest and fee payments from a Borrower and/or Lender perspective. This includes agency and amendment fees as well as all monthly and/or quarter end activity.

Maintaining and monitoring Fronting LC and Risk Participations

Monitoring and distributing Financials when due

Interact with Treasury on rate settings for foreign currencies and USD loans

Responsible for verifying integrity of transaction

Accountable for ongoing quality, integrity and completion on all data

Reconciliation

Act as a trouble-shooter for deal management related problems

Communicate with treasury to confirm discrepancies in funding rates

Interact with customers for all cash movement activity

Reconcile statement to ledger entries

Others

Participate in various short-term projects to maintain data integrity

Maintain filing and billing

(2) Exception Duties (As requested by UH)

Perform periodic data integrity checks

Duties as assigned

Undertakes special projects, and assumes other duties, as assigned, completing such tasks on time.

(3) Compliance

Obtain a basic understanding of the applicable rules and regulations that govern the Bank. Understand that all questions and/or clarification about such rules and regulations should be directed to the Americas Legal and Compliance Division. Attend Annual Compliance Training presented by the Americas Legal and Compliance Division. Read and respond as necessary to all compliance-related reference and directive materials received. Comply with the Bank’s “Code of Conduct”.

Designated as person responsible for reporting potentially prohibited transaction(s) (OFAC related) upon detection.

3. QUALIFICATIONS:

1. Three years or more of loan product experience as Administrative Agent
2. Experience with loan operating systems: ACBS and/or LoanIQ
3. Experience with reading and interpreting Credit Agreements and other loan documentation
4. Experience with SOFR rates and pricing grids
5. Experience with specialized lending products (e.g. Securitization, Project Finance, Loan Trading, etc)
6. Experience with compliance in a lending area

• Proficient in management of lending products
• Be thorough and accurate and demonstrate attention to details
• Competent written and oral communications skills
• Organizational skills and to work well under pressure

1. Ability to identify and solve problems
2. Knowledge of payment (FED, CHIPS, SWIFT)

Bachelor’s ideal but not required.

Experience from one of the major big banks preferred.

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