Alter Domus - Loan Agency Services, Associate II, application via RippleMatch

RippleMatch Opportunities•Chicago, IL

5d•$42,500 - $75,000

About The Position

As a world leading provider of integrated solutions for the alternative investment industry, Alter Domus (meaning “The Other House” in Latin) is proud to be home to 90% of the top 30 asset managers in the private markets, and more than 6,000 professionals across 24 jurisdictions. With a deep understanding of what it takes to succeed in alternatives, we believe in being different in what we do, how we work, and most importantly in how we enable and develop our people. Invest yourself in the alternative, and join an organization where you progress on merit, where you can speak openly with whoever you are speaking to, and where you will be supported along whichever path you choose to take. Find out more about life at Alter Domus at careers.alterdomus.com JOB DESCRIPTION: Act as liaison between borrowers and lenders, collaborate with other parties within the industry, including legal counsel, trustees and other third party service providers. Maintain a working knowledge of all relevant portfolios and deal related documentation. Reference, understand and extract Credit Agreement and governing document information to ensure compliance and update the Agency system accordingly. Use judgment, interpretation and problem-solving to understand loan related information. Calculate, invoice and disburse all deal related fees; collect and disburse interest, principal, fee payments and new borrowing funds. Coordinate funds movement for initial funding and closing. Provide training to Associate level staff on policies and procedures. Ensure proper system set-up including maintenance of changing deal attributes. Understand services offered and risks as it relates to Agency and alert Manager of out of scope requirements, risk issues, etc. Maintain facility commitments and process loan and facility-related activity including rollovers, rate settings, conversions, prepayments, assignments, amendments, etc. Perform heavy data entry in agency systems and Microsoft Excel.

Requirements

Bachelor’s degree in accounting, finance, economics, a related field, or commensurate work experience.
2+ years of experience in bank loan agency, syndication or investment management operations experience.
Responsive, friendly, professional, and proactive communication approach.
Deadline-driven and highly organized with exceptional attention to detail.
Ability to independently research, analyze and resolve complex problems and quickly learn new concepts.
Working knowledge of fundamental financial, accounting and operations concepts.
High proficiency in Microsoft Excel and experience with Bloomberg and other loan research tools a plus.

Responsibilities

Act as liaison between borrowers and lenders, collaborate with other parties within the industry, including legal counsel, trustees and other third party service providers.
Maintain a working knowledge of all relevant portfolios and deal related documentation.
Reference, understand and extract Credit Agreement and governing document information to ensure compliance and update the Agency system accordingly.
Use judgment, interpretation and problem-solving to understand loan related information.
Calculate, invoice and disburse all deal related fees; collect and disburse interest, principal, fee payments and new borrowing funds.
Coordinate funds movement for initial funding and closing.
Provide training to Associate level staff on policies and procedures.
Ensure proper system set-up including maintenance of changing deal attributes.
Understand services offered and risks as it relates to Agency and alert Manager of out of scope requirements, risk issues, etc.
Maintain facility commitments and process loan and facility-related activity including rollovers, rate settings, conversions, prepayments, assignments, amendments, etc.
Perform heavy data entry in agency systems and Microsoft Excel.

Benefits

We are committed to supporting your development, advancing your career, and providing benefits that matter to you.
Our industry-leading Alter Domus Academy offers six learning zones for every stage of your career, with resources tailored to your ambitions and resources from LinkedIn Learning.
Our global benefits also include:
Support for professional accreditations
Flexible arrangements, generous holidays, plus an additional day off for your birthday!
Continuous mentoring along your career progression
Active sports, events and social committees across our offices
24/7 support available from our Employee Assistance Program
The opportunity to invest in our growth and success through our Employee Share Plan
Plus additional local benefits depending on your location
Equity in every sense of the word:
We are in the business of equity, in every sense of the word. For us, this means taking action to ensure every colleague has equal opportunity, valuing every voice and experience across our organisation, maintaining an inclusive culture where you can bring your whole self to work, and making Alter Domus a workplace where everyone feels they belong.
We celebrate our differences, and recognise that our success relies on diverse perspectives and experiences, as we work towards shared goals and a common purpose. We take pride in creating a workplace where all our people are empowered to be truly invested in the alternative and bring their whole selves to work.
We are committed to ensuring a welcoming recruiting and onboarding process for everyone. Please contact our hiring team if you require any accommodations to make our recruitment process more accessible for you. Alter Domus is an Equal Opportunity Employer: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status.
(Alter Domus Privacy notice can be reviewed via Alter Domus webpage: https://alterdomus.com/privacy-notice/)