Client Processing Associate II – Syndicated Loan Administrator
BNY
Associate II, Client Processing – Syndicated Loan Administrator
BNY
full-time
Posted on:
Origin: • 🇺🇸 United States
Visit company websiteJob Level
JuniorMid-Level
About the role
- Manage the day-to-day servicing needs for a portfolio of syndicated loans.
- Accurately review and analyze documentation and information related to trades and syndicated loans.
- Confirm pertinent data for lender validations to ensure timely processing of loan trades.
- Research and resolve loan related matters, manage complex client inquiries, and identify, investigate, and resolve escalated issues.
- Collaborate with internal teams and external clients to communicate needs and issues.
- Verify completion and execution of trade documentation (trade confirmations, transfer certificates, assignment agreements) prior to release of funds for purchases.
- Conduct callbacks for new lenders and follow procedures for trades not received via ClearPar to confirm and authenticate instructions.
- Coordinate and process settlements from purchases and sales; track purchases, sales, interest accruals, loan positions and proceeds.
- Complete audit confirmations, manage position verifications, and research discrepancies.
- May allocate or coordinate work within a team or project and employ subject matter and industry expertise within defined areas.
Requirements
- Bachelor’s degree or the equivalent combination of education and experience is required.
- 3-5 years of total work experience is preferred.
- 2-3 years related experience with Syndicated loans and/or comparable commercial lending preferred.
- Experience with loan-based software: Loan IQ and ClearPar strongly preferred.
- Ability to manage multiple tasks and work effectively across groups within the organization.
- Ability to work under limited supervision.
