Participation Syndication Loan Servicing Analyst

Southside Bank • Austin, TX

7h

About The Position

Responsible for administering and servicing syndicated and participated loan activity. This includes deal setup, collateral, guarantor, pricing, advances, payments, fee computations, and overall maintenance of loans. On syndications that Southside originates, responsibilities include managing member banks and their share of fees, advances, payments, and other loan information. Responsibilities includes boarding all facilities in relation to syndications and participations including but not limited to notes, collateral and guarantors. Performing maintenance, calculations and adjustments on complex interest and fee accruals, establishing lead agent relationship with members and participants for terms specified within loan documents. Verifying and funding all incoming funding requests from agent banks in a timely manner.

Requirements

• Minimum 5 years’ experience managing Agent Bank responsibilities for syndicated and/or participated loans within a loan operations environment.
• Strong understanding of loan syndication/participation processes, booking, and funding procedures.
• Detail-oriented with strong analytical skills
• Ability to work independently and as part of a team.
• Excellent communication skills.
• Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals. Ability to write routine reports and correspondence.
• Ability to speak effectively before groups of customers or employees of organization.
• Ability to add, subtract multiply and divide in all units of measure, using whole numbers, common fractions, and decimals.
• Ability to compute rate, ratio, and percent and to draw and interpret bar graphs.
• Ability to apply common sense understanding to carry out instructions furnished in written, oral or diagram form.
• Ability to deal with problems involving several concrete variables in standardized situations.
• Strong skills in Microsoft Windows 7, Word, Excel, and Outlook.
• Intermediate skills in understanding and working with database input/output.
• Handle multiple projects simultaneously.
• Strong interpersonal skills.
• Highly motivated and a self-starter.
• Excellent customer service skills, and experience in direct customer interface environments is preferred.

Nice To Haves

• Knowledge of Jack Henry/Silverlake core operating system is a plus.

Responsibilities

• Services syndicated and participated loans. Establishes relationships with members and participants for terms conforming to agency relationship as specified in the loan documents. Prioritizes competing demands and timeframes.
• Understands loan documentation for participation/syndication loans and be able to read and interpret complex Credit Agreements.
• Coordinate with internal teams to ensure timely funding requests. Requests and collects funds from participant and member banks.
• Post fees, charges and interest payments when received. Works with Agent bank and/or member banks to reconcile transactions. Distributes fees and payments to participants and/or member banks in a timely manner.
• Review daily reports to ensure all maintenance, payments, and advances have been completed properly.
• Resolve customer, agent bank, participating bank inquires and disputes by troubleshooting and researching problems.
• Boards facilities for syndications/participations to the core system, which includes renewals, modifications, and processes maintenance transactions relating to these facilities.
• Communicate with lines of business partners, managers, and other operations partners regarding loan transactions, research, and exceptions.

Benefits

• Medical, Prescription Drugs, Dental, and Vision Insurance
• Insurance Eligibility for Team Members and Dependents Starting on the First Day of Employment
• 401(k) with a Match
• Basic, Voluntary, and Dependent Life Insurance
• Paid Time Off
• Paid Bank Holidays
• Workplace Wellness Programs
• Employee Assistance Programs
• Tuition Reimbursement

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed