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Job: Loan Servicing Specialist

Title Loan Servicing Specialist
Categories Alternative Investment Management, Loan Servicing, Middle Market
Location New York, NY
Job Information

Our elite global Alternative Investment Management client is seeking to recruit a Loan Servicing Specialist to service and process full loan lifecycle events for agented and non-agented middle market loans including but not limited to interest rollovers, rate sets, paydowns, revolver borrowings and PIK loans.

Responsibilities:

  • Service and process full loan lifecycle events for agented and non-agented middle market loans including but not limited to interest rollovers, rate sets, paydowns, revolver borrowings and PIK loans
  • Manage full lifecycle processing of loans and securities
  • Book new transactions, interest rollovers, principle payments, etc.
  • Interact frequently and effectively with borrowers, deal teams and lenders
  • Analyze and interpret credit agreements and legal documentation effectively
  • Collaborate with multiple fund administrators to analyze profit and loss statements (P&L), cash breaks and to reconcile positions
  • Assist deal teams and borrowers with daily revolver activity
  • Perform daily book vs. broker cash reconciliations
  • Enter wires for loan settlements in a timely manner
  • Perform IRR calculations
  • Work closely with internal and external stakeholders

Requirements:

  • Bachelor’s Degree
  • 3+ years of loan servicing, loan accounting or loan operations experience in a middle market lending environment
  • Wall Street Office (WSO) systems experience preferred
  • Advanced Excel skills
  • Fundamental knowledge of broadly syndicated loans, PIK loans, Par vs. Distressed Loans, Delayed Comp Fees, etc.
  • Fundamental understanding of P&L analysis and loan accounting standards
  • Excellent communication skills with the proven ability to interact effectively with internal and external stakeholders
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