AVP / VP - Agency & Bilateral Loan Administration

Mizuho•New York City, NY

1d•Hybrid

About The Position

The Loan Administration Unit (Syndications) VP/AVP is responsible for assisting the Section Head in the Syndications Loan Administration Section; ensuring accurate and timely administration/servicing of the Bank's loan portfolio; ensuring daily activity complies with state and federal laws, regulations, and Bank lending policies and procedures; ensuring department activities run smoothly and efficiently; providing leadership, training, and supervision within the department; and providing a high level of customer relations and service. The LAU VP/AVP helps assist in transaction approval as required, supports a complex loan portfolio, and is required to be fully knowledgeable and skilled in all areas of servicing syndicated and bilateral loan facilities.

Requirements

Seven years or more of loan product experience as Administrative Agent.
Experience with loan operating systems, including ACBS and LoanIQ.
Experience with specialized lending products, such as 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.
Strong organizational skills and ability to work well under pressure.
Strong knowledge of wire transfer systems, including FED, CHIPS, and SWIFT.

Responsibilities

Function 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.
Calculate, invoice, and disburse all deal-related fees.
Coordinate movement of funds related to initial funding and closing.
Work closely with Agent Report to Management, Supervisors, and Account Officer all transactions that require special handling or approval.
Partner with the LoanIQ migration teams to provide migration experience and Loan IQ processing support.
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 a 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 to compare loan documentation to Credit Approval, ensure the structure and content are identical, and create or maintain accurate Credit Arrangements in ACBS.
Restricted transaction approval authority.
Responsible for the daily maintenance of commitment facilities, including monitoring borrowing status and preparing 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. This includes agency and amendment fees as well as all monthly and/or quarter-end activity.
Maintain and monitor Fronting LC, Invoice Discounting, and Risk Participations.
Monitor and distribute Financials when due.
Interact with Treasury on rate settings for foreign currencies and USD loans.
Verify integrity of transactions.
Remain accountable for ongoing quality, integrity, and completion of all data.
Act as a trouble-shooter for deal management and other related problems.
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.
Undertake special projects and assume other assigned duties, completing such tasks on time.
Obtain a basic understanding of the applicable rules and regulations that govern the Bank.
Direct all questions and/or clarification about such rules and regulations 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.
Serve as the designated person responsible for reporting potentially prohibited transaction(s), including OFAC-related matters, upon detection.
From time to time, incumbent will also perform duties for the following subsidiaries: Mizuho Bank (USA) Mizuho Bank, Ltd. Canada Branch