Syndicated Loan Analyst

Syndicated Loan Analyst
New York
Contract
Pay Rate: $80/hr w2 without benefits

OVERVIEW
Looking for an experienced loan operations professional to join the FID Secured Lending (FSL) operations team on a temporary basis. The FSL business is in a period of significant volume growth, and this role exists to provide immediate production capacity in loan booking, participant servicing, and agency servicing - all within LoanIQ.

This is a hands-on production role. We need someone who can process transactions from day one with minimal ramp-up. Prior experience at a major syndicated lending institution (agent bank or participant) is essential.

KEY RESPONSIBILITIES
Loan Booking & Deal Setup:
• Book new loan facilities in LoanIQ based on credit agreement terms, including deal, facility, and loan-level hierarchy setup
• Extract and input key commercial terms from credit agreements: pricing grids, commitment amounts, maturity dates, repayment schedules, borrowing base structures, financial covenants
• Set up deal economics accurately to support correct regulatory capital calculation, risk exposure, and credit availability
• Coordinate with front office, legal counsel, and product control on deal closing mechanics and funding instructions

Participant Servicing:
• Process lifecycle servicing events for deals where the firm holds a participant position: interest payments, fee payments, principal repayments, rate resets, and rollovers
• Reconcile agent bank notices against LoanIQ records; investigate and resolve discrepancies in payment amounts, rates, or accrual periods
• Monitor and process borrowing base certificates, compliance certificates, and covenant reporting as received from agent banks
• Handle facility amendments, extensions, and waivers on participant positions, updating LoanIQ deal structures accordingly

Agency Servicing:
• Perform agent bank servicing functions in LoanIQ for deals where the firm acts as administrative agent or lead arranger
• Process and distribute interest, fee, and principal payments to the lender syndicate; calculate pro-rata and non-pro-rata distributions
• Manage lender positions following primary syndication, secondary trade settlements (assignments and participations), and commitment changes
• Generate and distribute agent notices to the lender group: drawdown notices, rate-setting notices, paydown notices, amendment and waiver requests
• Process SOFR rate resets, calculate all-in rates including applicable margins and floors, and initiate rollover transactions

Controls & Reporting
• Ensure all transactions are processed within established SLAs and in accordance with operational procedures and risk controls
• Escalate exceptions, fails, and breaks promptly through the appropriate channels
• Support month-end and quarter-end processing, including accrual verification and GL reconciliation support

REQUIRED QUALIFICATIONS
• Minimum 3-4 years of hands-on experience in syndicated loan operations at a bank, fund administrator, or financial institution
• Direct, daily working experience with LoanIQ - this is non-negotiable. Candidates must be able to navigate deal/facility/loan hierarchies, process servicing events, and troubleshoot system issues independently
• Demonstrated experience in at least two of the following three areas: loan booking/deal setup, participant servicing, agency servicing
• Understanding of SOFR-based lending conventions, including rate lookback mechanics, compounding methods, and fallback provisions
• Ability to read and interpret credit agreements, amendments, and agent notices to extract operational terms
• Strong attention to detail in a high-volume, deadline-driven environment

PREFERRED QUALIFICATIONS
• Prior experience at a bulge-bracket or large regional bank in a loan operations or loan servicing role (in the big banks)
• Experience with structured credit products: CLO warehouses, CRE warehouses, subscription finance / capital call facilities
• Experience with Microsoft Dynamics or similar case management / workflow tools