Loan Operations Specialist

Millennium • New York, NY

7d • $160,000 - $250,000

About The Position

This role is responsible for ensuring all aspects of bank debt/leveraged loans operations/finance are completed, transactions are processed on time, exceptions are resolved proactively. This role will cover end to end servicing of Bank Loan Assets including but not limited to trade instruction capture, settlement; fail management, cash instruction capture, Reconciliations, asset servicing, instruction capture, lifecycle management of bank loans etc.

Requirements

• Bachelor degree required; preferably Finance, Accounting, or Economics
• Detailed knowledge of the Bank Debt asset class, including Primary and Secondary market trading; some exposure to loan closing is preferred
• Strategic problem solver with consistent track record
• 7+ years of direct experience as well as exposure to Distressed loans is required
• Knowledge of LSTA/LMA standard docs, and exposure to EUR Loans
• Bloomberg is required
• Strong understand of accounting principles, specifically how Bank Debt transactions impact financial documents
• Strong organizational skills with ability to set priorities and handle multiple projects
• Strong analytical skills
• Superior communication skills

Nice To Haves

• Knowledge of SS&C Geneva and Murex is preferred; exposure to Wall Street Office and ClearPar.
• Knowledge of TRS products is a plus

Responsibilities

• Basic understanding of loan or deal administration functions
• Oversight of bank loans life cycle events including Paydown/Drawdown, Interest rate resets, PIK interest calculations, Delayed Comp accruals / calculations & Trade settlements
• Ability to interpret credit agreements and related documentation
• Work across teams to resolve queries and issues
• Ability to create new procedures, workflows, and build controls
• Assist in testing and implementation of systems and system improvements as required

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level