Role details

Credit & Loan Administration - Agency Loans

New York   •  Permanent

Bullet points

  • Market Leading International Commercial & Investment Bank
  • Rapidly Expanding Credit Middle Office Team

About Our Client

Market Leading International Commercial & Investment Bank

Job Description

Credit Administration:

  • Assure compliance with credit procedures when loans are approved/amended/booked
  • Follow approved "tick-off" procedures including obtaining a document checklist; CP's met notice; documentation confirmation from legal
  • Monitor approval status of new credit proposals in the bank's internal system
  • Reconciliation of approved credit facilities between the bank's systems and reports
  • Assure maintenance of proper loan documentation and collateral files, including registration of legal documents into the Lotus Notes database and proper filing of the documents in the safe files/iron mountain
  • Liaison between the various credit areas of the New York, Head Office, internal/external audit teams and Insurance Depot
  • Preparation of a summary loan details from the loan documentation for new loans/refinances/amendments for loan booking
  • Monitor/update/maintain the approved credit and settlement risk limits
  • Maintain the Lotus Notes Database with up to date credit papers/annual reviews/documents
  • Assist Relationship Managers with compliance tasks such as Know Your Customers, OFAC checks, gathering tax forms and ongoing Due Diligence
  • Ensure UCC continuations are filed as needed
  • Assist with vessel deliveries working closely with CSD and the insurance department including completing New Vessel Forms and maintaining a list of collateral vessels
  • Act as the control function on all outgoing documentation
  • Assist with internal and external credit audits

Agency Function Administration:

  • Administration of the agency role including the monitoring and follow up on reporting and covenant deadlines, communication with syndicate members and customers, tracking of waiver/amendment approvals
  • Manage and update Debt Domain or other documentation site where applicable
  • Gather all opening documentation for new loans including: Admin details and Tax forms from participating banks and the customer w/ subsidiaries

The Successful Applicant

  • Bachelor's Degree is required
  • 5+ years of experience in the financial service industry
  • Good understanding of corporate lending
  • Strong attention to detail
  • Excellent multitasking skills and ability to manage multiple closings at the same time
  • Ability to work under minimal supervision
  • Knowledge of the Lotus Notes database is a plus
  • Strong interpersonal skills for establishing good working relationships with internal/external customers and lawyers

What's on Offer

Comprehensive Compensation Package

  • Competitive Base Salary
  • Discretionary Annual Bonus
  • Comprehensive Compensation Package

Apply for this job

Click the Apply or LinkedIn button below or contact Davide Rosso quoting job reference 1219631
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