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Bank Loan Client Services Support

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WSN

2021-12-03 08:50:44

Job location Jacksonville, Florida, United States

Job type: fulltime

Job industry: Banking & Financial Services

Job description

WSNe is seeking a Client Services Specialist with Loan experience to place in a long-term consulting role with our client, a major Investment Bank based in Jacksonville, FL. No third parties please.



Job Description:

The successful candidate will be part of a team based in Jacksonville, Florida or New York as a Bank Loan Client Services Support within our Middle Office team, all of whom work exclusively on Loan transactions and other administrative tasks for our clients.


Key duties will include:

  • Responsible for assisting in the management of a 'middle office' agency portfolio of Syndicated Loans transactions for various loan sectors.
  • Interpreting Credit Agreements and Amendments. Assist with building of new deals, Amendments and closing fees in loan system,. Liaising with borrowers, customers and lenders for credit facilities.
  • Ensuring that all weekly, by-monthly and monthly MIS is reviewed, approved and complete in various internal MIS systems
  • Works collaboratively within the organization, as well as independently
  • Daily liaison with all transaction parties, including clients, borrowers, lawyers, syndicate banks, trustees, GTO Loan Operations, Loan IT and other interested parties
  • Responsible for assisting in the reviewing of agency and related documentation for new deals, restructures, waivers and amendments, and ongoing transactional matters in line with standard Loan Syndication Trading Association (LSTA) templates
  • Working with team manager on the negotiation on the terms of such documentation (from the Agent's perspective) with borrowers, lawyers, arrangers, lenders and other involved parties
  • Handling the administration of a portfolio of Syndicated Loans transactions (ranging from small 'club' deals to large leveraged facilities)
  • Maintain internal loan system (register of lender and credit contacts)
  • Manage loan prepayments and drawdown requests
  • Resolving client and lender queries
  • Assist with the primary syndication trade settlement process and secondary assignments in Clear Par trade settlement system.
  • Ensuring the timely billing and chasing of revenue clients


Requirements:


  • Bachelor's Degree preferred in Business, Finance, Accounting or Economics. Alternatively, 1-2 years of experience in the finance industry is required
  • Experience in syndicated loan administration / operations / another relevant area
  • PC literate with good working knowledge of MS Excel including PIVOT Tables
  • Knowledge of Loan IQ system preferred but not required
  • Has a good understanding of market practice and procedures relating to Syndicated Loans agency work

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