Vice President, Project Finance
Sumitomo Mitsui Banking Corporation – SMBC Group
full-time
Posted on:
Location Type: Hybrid
Location: New York City • New York • 🇺🇸 United States
Visit company websiteSalary
💰 $225,000 per year
Job Level
Lead
About the role
- Coordinate the flow of information between each borrower and the lending syndicate to ensure the smooth operation and administration of the loan.
- Advise on and coordinate amendments, consents and waivers with the Borrower, Lenders’ Counsel, outside experts, the origination and portfolio monitoring teams, the lender group and Export Credit Agencies.
- Review draft legal documentation and provide comments to origination teams and counsel.
- Coordinate and approve loan activity (borrowings, rate settings, rollovers, repayments/prepayments) and letter of credit activity (issuance, amendments, draws, terminations) with the operations teams.
- Check CPs, review cash waterfall activity and approve Collateral Account transfer requests for operating expenses, distributions, etc.
- Follow up on delivery of Borrower’s reporting requirements (i.e. compliance items).
- Review compliance documents submitted by borrowers for completeness and satisfaction of requirements in loan documents.
- Distribute compliance items and other documentation to lender groups using DebtDomain, e-mail, etc.
- Work with portfolio and special credits teams to ensure all information needed for credit review and monitoring is obtained.
- Respond to ad hoc information requests from lenders.
- Maintain key deal information, contact lists, update compliance and collateral tracking.
- Prepare marketing materials for new transaction proposals.
- Provide training and guidance to junior members of the Agency team.
Requirements
- 7+ years in Project Finance agency position
- Experience with Project Finance transactions and associated legal documentation
- Experience with Export Finance Agency supported credits
- Experience with workout and distressed transactions
- Familiarity with non-recourse Commercial Real Estate transactions
- Proficient with Excel, Word, Outlook, Teams, Debtdomain
- Familiarity with LoanIQ a plus
- Spanish fluency strongly preferred
- Very strong organizational skills with a high degree of attention to detail
- Ability to balance competing deadlines
- Strong communication skills, both written and oral
- Strong follow-through on tasks
Benefits
- Competitive portfolio of benefits
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
Project FinanceExport Financelegal documentationworkout transactionsdistressed transactionsnon-recourse Commercial Real Estatecompliance reviewloan activity coordinationcash waterfall reviewmarketing materials preparation
Soft skills
organizational skillsattention to detailability to balance deadlinescommunication skillsfollow-through