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Loan IQ Servicing Specialist

Responsibilities:

This position is responsible for closing review, funding and daily operational activity for syndicated loan transactions.

Key responsibilities:

  • Supports primarily syndicated loan transactions.
  • Maintain current knowledge of all internal policies, procedures and training as well as external legislature and regulations.
  • Act as liaison between LD&FC and the Line of Business including both relationship managers/ client managers and underwriting, the Loan HUB, and other Operational areas within the bank.
  • Process Loan Closings, Advances, Payments, and Maintenance Items including Rollovers, Conversion, Margin Changes and Other Operational Transactions as well as, Loan Closings, Renewals and Loan Modification on an on-going basis.
  • Research and reconcile credit facility to agent bank s records include review of transaction and accrual history and recommend remediation/ reconciliation action to the manager.

Qualifications

  • Bachelor degree in Business Administration, Accounting or Legal Studies or an equivalent of 4 years of professional experience.
  • 5 years in Large Middle Market / syndicated loan documentation and closing.
  • 5 years within a financial institution with extensive commercial experience in servicing Large Middle Market / syndicated credits.
  • Proficient knowledge for closing and servicing both syndicated and participated credit facilities including credit (underwriting) documentation, legal documentation, and internal policies / external regulations.

Desirable Experience

  • Paralegal experience is a plus
  • A combination of experience in two or more of these areas is highly desired legal, loan closing, loan administration, loan documentation, loan review, audit or compliance.
  • Proven track record of in-depth review of all types of commercial and syndicated loan documentation
  • Knowledge / experience in perfection of liens in accounts receivable, inventory, equipment, vehicles, negotiable securities, aircraft, ship mortgages, etc.
  • Efficiency, attention to detail, accuracy, ability to work well with others and being a team player are crucial requirements for this position.
  • Experience with LoanIQ and / or AFS Level III


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