Agency Loan Administrator Job at Dexian, New York, NY

bmc3MVBSR2crYmQwUUIvdU43SStBa0FsRGc9PQ==
  • Dexian
  • New York, NY

Job Description


The Loan Administration Unit (Agency/Bilateral Loan Administration) AVP is responsible for assisting the Section Head in supervising the Agency / Bilateral Loan Administration Section; ensures accurate and timely administration / servicing of the Bank's agented loan portfolio; ensures daily activity comply with state and federal laws, regulations and Bank lending policies and procedures; ensures department activities run smoothly and efficiently; provides leadership, training and supervision within the department; and provides a high level of customer relations and service. The Loan Administration Unit (Agency/Bilateral Loan Administration) AVP help assist in transaction approval as required, support a complex loan portfolio, and is required to be fully knowledgeable and skilled in all areas of servicing syndicated and bilateral loan facilities.

LAU AVP is responsible for all phases of new Agency deal closing process wherein Banks role is as Administrative Agent or direct lender. This includes providing expertise and guidance during pre-closing meetings, 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, ABL, etc).

LAU AVP will have exposure to various products such as ABL, equity fund finance and residential mortgage, and Term Loan B.

PRINCIPLE DUTIES AND RESPONSIBILITIES:
General Duties

  • Act as Banks 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

  • Work closely with Borrower and Bank Group

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

Credit Arrangement Maintenance

  • Review, release and approve traditional loan deals processed by administrators

  • Maintain high level of technical support to Loan Administration staff, account officers and client base

  • Independently manage administrative processes for complex loan deals

  • Provide consultative support to Account Officers on operational deal structure issues

  • Review Document and Facility Instruction Sheet / CA Booking Request in order to compare loan documentation to Credit Approval and ensure that the structure and content are identical; and to create or maintain Accurate Credit Arrangements in ACBS

Commercial Loan Maintenance

  • Restricted transaction approval authority

  • 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, Invoice Discounting 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

(Exception Duties (As requested by UH)

  • Independently manage all collateral requirements for credit deals

  • Advise Account officers of all collateral shortfalls

  • Perform periodic data integrity checks

  • Duties as assigned

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

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.

QUALIFICATIONS:

  • Seven years or more of loan product experience as Administrative Agent

  • Experience with loan operating systems: ACBS, LoanIQ

  • Experience with specialized lending products (e.g. Asset Securitization, Leasing, Collateralized Loan Obligations, Project Finance, Loan Trading, and or Credit Derivatives, as necessary)

  • Experience with compliance in a lending area

  • Experience with collateral evaluation procedures

  • 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

  • Ability to identify and solve problems

  • Strong knowledge of wire transfer (FED,CHIPS,SWIFT)

Dexian is a leading provider of staffing, IT, and workforce solutions with over 12,000 employees and 70 locations worldwide. As one of the largest IT staffing companies and the 2nd largest minority-owned staffing company in the U.S., Dexian was formed in 2023 through the merger of DISYS and Signature Consultants. Combining the best elements of its core companies, Dexian's platform connects talent, technology, and organizations to produce game-changing results that help everyone achieve their ambitions and goals.

Dexian's brands include Dexian DISYS, Dexian Signature Consultants, Dexian Government Solutions, Dexian Talent Development and Dexian IT Solutions. Visit to learn more.

Dexian is an Equal Opportunity Employer that recruits and hires qualified candidates without regard to race, religion, sex, sexual orientation, gender identity, age, national origin, ancestry, citizenship, disability, or veteran status.

Job Tags

Worldwide,

Similar Jobs

Emery Sapp & Sons, Inc.

Estimator Job at Emery Sapp & Sons, Inc.

 ...We are seeking an experienced Estimator to join our team. The successful candidate will be responsible for assisting in the preparation of detailed cost estimates and bid proposals for construction projects. As a key member of our team, the Estimator will work closely... 

Pilot Company

Cashier Job at Pilot Company

 ...our guests' journey - a great one!Also, there are a number of opportunities to work in other roles within our travel centers and restaurants so while we may be hiring for a specific role, we always look to train and offer experience for other roles we have.We hope your... 

Shirley Parsons

Safety Manager [JK-14396] Job at Shirley Parsons

 ...A leading MEP contractor is looking to appoint a Safety Manager in Las Vegas, NV. You will be responsible for pushing forward the safety program at a project level, to ensure a strong safety culture and performance amongst the job-site team. This represents a fantastic... 

Pocketbook Agency

Laundress/Housekeeper to Private Family Job at Pocketbook Agency

JRN: 2099 We are seeking a meticulous and experienced Housekeeper with laundress experience to maintain their 4-bedroom, 5-bathroom estate and provide simple, healthy meals for breakfast and lunch daily. This is a full-time role that begins at 7:30 AM and requires a ...

Minicam Inc

Service Technician Job at Minicam Inc

Role Type: Permanent Full time Salary & Benefits: Competative salary & commission payable on charged service labour. Benefits include paid pension/401k and health, dental and vision insurance. About Us The Minicam Group of companies designs and manufactures...