Loan Operations Analyst/associate - Chicago, United States - TD Witz Associates
Description
Working for a Large Credit Asset Manager Responsibilities- Analysis of loan administration activities including interpreting Agent notices related to paydowns, borrowings, fundings, capitalized interest, and rollovers.
- Review and maintenance of security attributes (Ratings, Recovery rates, Industries, Spreads, Maturities, etc.) for underlying portfolio assets.
- Review daily cash flows and reconciliations to ensure proper collection and allocation of cash payments.
- Reconciliation of key portfolio statistics between internal systems and the Trustee's/Custodian's book of record.
- Develop strong working relationships with the various Trustees to promptly resolve cash, asset and data discrepancies.
- Communicate with Agent banks and counterparties in resolving issues involving account positions and various trade activities.
- Prepare and review monthly client reports comprised of performance and portfolio characteristics for Leveraged Loan Accounts
- Work closely with Portfolio Managers, Traders and Credit Analysts to gather necessary information and also support their operational and analytical needs.
- Familiarity with Par/Distressed bank loans, PIK notes, trade claims, warrants and private equities.
- 25 years of experience of general loan operations and administration
- Working knowledge of the loan products and related documentation (Credit Agreement, Trade documents)
- Familiarity with loan administration and reporting systems (Clearpar, etc.)
- Knowledge of loan restructures/amendments
- Strong attention to detail and problemsolving skills
- Ability to prioritize and work in a fastpaced environment
- Well organized with strong written and communication
'
Pay:
$85, $120,000.00 per year
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Paid time off
Physical setting:
- Office
Schedule:
- Monday to Friday
Education:
- Bachelor's (required)
Experience:
- syndicated or direct bank loan: 2 years (required)
- Position reconciliation: 2 years (required)
Microsoft Excel: 2 years (required)
Ability to Relocate:
- Chicago, IL 60606: Relocate before starting work (required)
Work Location:
In person
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