Associate Director, Loan Agency Administration
About The Position
Barings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe, and Asia Pacific. Job Summary Barings is seeking a seasoned commercial lending operations professional to join our Loan Agency Administrative Team, providing administrative support to the investment team by managing the closing, funding, and servicing activity of the Global Private Finance loan portfolio. This position can be located be in our Chicago, IL or Charlotte, NC office.
Requirements
- 4 years' experience in commercial lending in loan closing, booking and/or servicing functions preferably in Agency Services.
- Bachelor's degree in finance, accounting or related fields and/or equivalent combination of education and industry experience
- Ability to multi-task and adapt to changing circumstances and adjust priorities as needed in a deadline driven environment while maintaining careful attention to detail and accuracy.
- Excellent attention to detail, taking individual responsibility for quality and accuracy.
- Works well independently as well as in a team environment.
- Excellent communication and interpersonal skills with the ability to liaise effectively with internal and external counterparts and stakeholders.
- Can-do attitude: resilient with the ability to remain calm when under pressure.
- Takes ownership and responsibility for tasks; follows through to completion.
- Highly organized.
- Demonstrated initiative for problem solving with a focus on providing an excellent customer experience.
Responsibilities
- Oversight and management of closing/funding process for new deals, restructures, and amendments.
- Work with internal teammates and external vendors on the set-up and processing of agented bank loan transactions.
- Review and interpret credit agreements and related loan documentation to ensure that the set-up of deal and borrower level information is captured accurately by third-party agency services providers.
- Oversee the loan portfolio's ongoing loan servicing activities including the loan drawdown funding, billing, and repayment processes in conjunction with internal stakeholders and third-party vendors.
- Follow and enforce established controls and suggest new ones as products and team processes evolve to support a growing private credit business.
- Oversee transfer requests between multiple private fund investment vehicles and ensure internal allocations align with the agent's books.
- Validate that deal set-up changes have been made in a timely and accurate manner by our third-party service providers.
- Assist in monitoring overall vendor performance and flag issues to leadership as needed.
- Review borrower invoices for accuracy. Ensure that preparation, distribution and tracking of invoices is complete.
- Provide requested documentation for the completion of annual audits as needed.
- Work on special projects upon request.
Benefits
- Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
- Fitness Center Reimbursement Program (Including Online Memberships)
- Employee Assistance Program (EAP)
- Fertility Benefits
- Highly competitive 401(k) Plan with Company Match
- Health Savings Account (HSA) with Company Contributions
- Flexible Spending Accounts (FSA) - Health Care & Dependent Care
- Retirement Health Reimbursement Account
- Basic and Supplemental Life Insurance
- Spouse and Child Life Insurance
- Paid Vacation, Sick Days and Annual Holidays
- Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)
- Short and Long Term Disability Plans
- Paid Volunteer Time
- Education Assistance Program
- Charitable Matching Gifts Program
- Commuter Reimbursement Program
- Adoption and Surrogacy Reimbursement Program
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Industry
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
Number of Employees
1,001-5,000 employees
