As a Loan Servicing Analyst within our Wholesale Lending Services team, you will provide operational support to our Commercial & Investment Banking operations. You will manage syndicated credit structures and bilateral loans, administering a portfolio of 30-40 syndicated accounts, maintaining direct contact with borrowers, lenders, and business partners while performing various loan servicing tasks.
Job Responsibilities:
- Initiate loan activity (fundings, repricings, payments) as instructed by the client in accordance with credit agreements.
- Calculate and track complex interest and fee accruals at various rate levels across changing lender distributions.
- Reconcile daily funding and payment activity to account for all daily cash transactions.
- Read and interpret complex legal credit agreements and related documentation, working with attorneys when applicable.
- Initiate and reconcile automated funds movement in accordance with client/lender instructions.
- Monitor and escalate past due principal, interest, and fees to ensure the loan accounting system is accurate and provide clients timely and accurate invoices.
- Maintain margin changes and proper communication to the bank group.
Required Qualifications, Capabilities, and Skills:
- Proficiency with Microsoft Office Suite (Excel, Word, and PowerPoint).
- General to intermediate accounting knowledge.
- Ability to manage concurrent assignments effectively, efficiently, and in an organized manner.
- Ability to work independently within a team environment.
- Excellent oral and written communication skills and strong interpersonal/client servicing skills.
- Strong analytical, problem-solving, and proven decision-making skills.
Preferred Qualifications, Capabilities, and Skills:
- Familiarity with loan-based software (LoanIQ, ClearPar).
- Bachelor’s Degree or 1+ year of experience in Loan, Finance, or Securities.
- Familiarity with syndicated loans and Loan Syndication and Trading Association (LSTA) standards.
- Prior knowledge of loan products or trading operations.