Syndicated Loan Transaction Specialist
Apply NowCompany: Valley Bank
Location: New York, NY 10025
Description:
Responsibilities include but are not limited to:
Required Skills:
Required Experience:
Preferred Experience:
- Act as the liaison and single point of contact with internal and external counterparts / stakeholders from deal mandate to deal closing, as well as being point of escalation during life of loan monitoring/servicing.
- Manage deal flow pipeline with Relationship Managers and leading the interaction with Loan Operations.
- Coordinate and review internal closing documentation with relevant stakeholders for operational feasibility, optimal execution mechanics, regulatory requirements, and mitigation of operational risk.
- Manage the execution and process flow of the transaction, including escalation of issues and designing solutions that ensure risks are covered through adequate controls and protections.
- Maintain metrics on deal closings / servicing and monitoring of key performance indicators.
- Partner with relevant operations teams (closing and servicing departments) to ensure proper booking, accrual reconciliations, and daily cash positions.
- Maintain and review terms across deal structures to ensure Valley standards are followed, track points of escalation, and act as the governance contact for non-standard provisions.
- Review and investigate overdrafts daily, to ensure resolution of any open items prior to the Bank's cut-off time.
- Monitor and update ticklers system for policy and document exceptions, insurance information, and financial data, to include contacting customers / CPAs / insurance companies for expired information.
- Follow-up on outstanding documentation exceptions on new loans. Assist with ad-hoc inquiries from Borrowers, Lenders, and Arrangers pertaining to the closing process and ongoing maintenance of the deal and schedule internal calls to ensure pre-closing requirements have been met and resolve / escalate any outstanding issues.
Required Skills:
- Excellent verbal and written communication skills.
- Ability to collaborate with team members and senior management with keen attention to detail.
- Critical decision-making skills include identifying, escalating, and proposing solutions to problems with end-to-end outlook.
- Ability to prioritize and organize assignments.
- Ability to handle multiple tasks simultaneously.
- Intermediate PC skills using Microsoft office applications.
Required Experience:
- High School Diploma or GED with a minimum of five years related loan closing/banking experience and/or training, experience in syndicated Loan operations and reviewing credit agreement documentation
Preferred Experience:
- Bachelor's degree in a related field with a minimum of seven years related loan closing/banking experience and/or training.