Agency Loan Administrator

Mizuho•New York City, NY

1d•Hybrid

About The Position

The Loan Administrator for Agency & Bilateral Loans will be responsible for assisting the Section Head; ensuring accurate and timely administration/servicing of the Bank's agented loan portfolio; ensuring that daily activity comply with state and federal laws, regulations and Bank lending policies and procedures; ensuring that department activities run smoothly and efficiently; and providing a high level of customer relations and service. The Loan Administrator will help assist in transaction approval as required and in supporting a complex loan portfolio. The Loan Administrator will be responsible for all phases of the new Agency deal closing process wherein Mizuho’s role is as Administrative Agent or direct lender. This includes providing support during pre-closing meetings, reviewing and providing comments on credit agreements and other closing documentation, coordinating fund flows, fee allocations and disbursement of funds and lender notifications, and building deals in the lending system. Attention to detail is imperative especially with complex transactions (ie. Project Finance, Securitization, ABL, etc). The role has exposure to various products such as equity fund finance and residential mortgage, and Term Loan B deals.

Requirements

Three years or more of loan product experience as Administrative Agent
Experience with loan operating systems: ACBS, LoanIQ
Experience with specialized lending products (e.g. Asset Securitization, Leasing, Collateralized Loan Obligations, Project Finance, Loan Trading, and or Credit Derivatives, as necessary)
Experience with compliance in a lending area
Experience with collateral evaluation procedures
Proficient in management of lending products
Organizational skills and to work well under pressure
Strong knowledge of wire transfer (FED, CHIPS, SWIFT)
Bachelors Degree

Responsibilities

Act as Mizuho LAU representative in coordinating transactions between customers, Agent Banks, Participant banks, Front office, Americas Treasury Division (ATD) and other parties
Manage the administrative aspect of all New Deal Closings
Calculating, invoicing and disbursing all deal related fees
Coordinating movement of funds related to initial funding and closing
Work closely with Borrower and Bank Group
Report to Management, Supervisors and Account Officer all transactions that require special handling or approval
Partner with the LoanIQ migration teams to provide your migration experience and Loan IQ processing
Assist with LoanIQ training of colleagues and help lend experience to the future Ops Readiness initiative
Review, release and approve traditional loan deals processed by administrators
Maintain high level of technical support to Loan Administration staff, account officers and client base
Independently manage administrative processes for complex loan deals
Provide consultative support to Account Officers on operational deal structure issues
Review Document and Facility Instruction Sheet / CA Booking Request in order to compare loan documentation to Credit Approval and ensure that the structure and content are identical; and to create or maintain Accurate Credit Arrangements in ACBS Commercial Loan Maintenance
Responsible for the daily maintenance of the commitment facilities including monitoring borrowing status, prepare new borrowings, rollovers, rate sets, conversions, repayments and prepayments
Calculate, invoice and disburse ongoing interest and fee payments from a Borrower and/or Lender perspective
Maintaining and monitoring Fronting LC, Invoice Discounting and Risk Participations
Monitoring and distributing Financials when due
Interact with Treasury on rate settings for foreign currencies and USD loans
Responsible for verifying integrity of transaction
Accountable for ongoing quality, integrity and completion on all data
Communicate with treasury to confirm discrepancies in funding rates
Interact with customers for all cash movement activities
Reconcile statement to ledger entries
Independently manage all collateral requirements for credit deals
Advise Account officers of all collateral shortfalls
Perform periodic data integrity checks
Undertakes special projects, and assumes other duties, assigned, completing such tasks on time
Obtain a basic understanding of the applicable rules and regulations that govern the Bank.
Understand that all questions and/or clarification about such rules and regulations should be directed to the Americas Legal and Compliance Division.
Attend Annual Compliance Training presented by the Americas Legal and Compliance Division.
Read and respond as necessary to all compliance-related reference and directive materials received
Comply with the Bank’s “Code of Conduct”.
Designated as person responsible for reporting potentially prohibited transaction(s) (OFAC related) upon detection.