Senior Loan Operations

Description

To apply to this role, please send your resume to John Sadofsky at ~~~

Let's get you into a job where you're not under compensated for your hard work. How about one where the company values your time? A high-end firm that was just rated one of the top places to work in Chicago just created a new Senior Loan Operations position. Which may seem pretty standard...until you get to the best part: The perks.

1) The pay rates are above what their top competitors pay their employees

2) They have higher bonus structures

3) There's work from home flexibility and prioritization for employee work/life balance.

4) The position is a fast-track career growth opportunity (as the company is expanding rapidly thru acquisitions)

5) And more...

Job Responsibilities

• Close and book new transactions (including amendments and restructures to existing deals),create system input documents and overall coordination of the operational portion of a new deal closing Review relevant draft legal documents and provide value added operational comments

• Develop strong relationships with the deal closing and underwriting teams to ensure successful and efficient deal closings

• Set up and maintain assets for various funds in Wall Street Office

• Manage a portfolio of direct agented and non-agented deals

• Prepare closing and funding notices and coordinate with multiple lenders

• Post customer advances, payments and loan contract continuances, and reconcile daily

• Settle with participants and funding partners while ensuring that all members remain in sync

• Invoice clients and create system notifications of activity

• Provide excellent customer service by keeping direct agented customers and participants apprised of loan activity

• Respond to internal and external inquiries regarding loan balances, interest, fees and expenses and respond to ad-hoc requests and audit inquiries

• Monitor account activity and identify incoming payments from multiple bank accounts

• Proactively identify loan performance concerns and communicate these to the portfolio management team

• Perform daily cash reconciliation

• Assist the Accounting Department with questions regarding reconciliation of cash and loan position activity

• Correspond with agent banks to reconcile variances on indirect deals Initiate wire transfer of funds as required

• Special projects upon request

Requirements

Requirements

• 5+ years of Accounting or Operations experience

• In depth experience closing and servicing complex syndicated credit facilities

• Advanced understanding of legal credit agreements and the ability to translate them into servicing system requirements

• Corporate Finance or Middle Market lending background

• Proficiency with the Microsoft Office products

• Ability to interface with numerous constituents at various levels

• Self-starter with a positive attitude and the ability to work independently and conscientiously

• Ability to multi-task, balancing many responsibilities simultaneously

• Strong work ethic - work with a high sense of urgency - detailed oriented

• Works well in a team environment

• Good written and verbal communication skills

• Familiarity with the Wall Street Office loan system and proficiency in processing a plus

• Bachelor's Degree in Accounting, Finance or Business Administration preferred

To apply to this role, please send your resume to John Sadofsky at ~~~

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