Syndicated Loan Analyst

Job Description

Job Description

Our client is seeking a Syndicated Loan Analyst on a temporary-to-hire basis for their office in Newark, DE.

Essential Responsibilities:

• Initiate loan activity (fundings, repricings, payments) as instructed by the client in accordance with credit agreements
• Calculation and tracking of 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 that the loan accounting system is accurate and provide clients timely and accurate invoices
• Maintenance of margin changes and proper communication to bank group
• Provide information as requested by Clients, Business Partners, Middle Office, or Lenders
• Monitor control reports updating applicable comments
• Participate in system testing, as needed, which may occur during non-business hours
• Assist with any administrative tasks associated with the terms of a Credit Agreement;
• Perform quality control on new deals, restructures and amendments by thoroughly understanding the credit agreement verifying system set up accuracy
• Back up co-workers, work with various special projects or other tasks as assigned

Minimum Requirements:

• Education: Minimum undergraduate degree from an accredited university, preferably majoring in accounting, finance, economics or math. Related job and industry experience can be accepted as a substitute (2+ years)
• General to intermediate accounting knowledge
• Ability to manage concurrent assignments in an effective, efficient and organize manner
• Ability to work independently within a team environment
• Excellent oral and written communications skills and strong interpersonal/client servicing skills
• Strong analytical, problem solving and proven decision-making skills
• Solid working knowledge of Microsoft Office applications (i.e. Excel, Word and PowerPoint)
• Must have experience reading and interpreting loan documentation or related experience dealing with legal documentation
• Loan experience or loan operations is a plus
• Flexible working schedule with some overtime required