Sr. Commercial Syndication Servicing Specialist

Cathay Bank•Rosemead, CA

About The Position

The Senior Commercial Loan Servicing Syndication Specialist administers and services syndicated and participated loan activities, including advances, payments, rate pricing, fees, and overall loan maintenance. The role supports loans for which Cathay Bank serves as lead or agent, as well as loans in which Cathay Bank participates. The position receives and processes advance and payment requests, calculates and distributes participating banks’ shares, monitors interest-rate changes, prepares notices and wire instructions, processes loan boardings and note sales, monitors delinquencies, resolves disputed loan accounting, and reconciles wire suspense activity. It also monitors a centralized email box, delegates work, and supports other projects assigned by the manager or supervisor.

Requirements

Bachelor’s degree or equivalent experience.
At least two years of commercial loan servicing experience; syndication servicing experience is preferred.
Experience in commercial loan boarding.
Knowledge of syndication industry practices and processes.
Knowledge of loan documents and documents prepared by outside counsel.
Knowledge of letters of credit, borrowing-based lending, multi-phased construction, and multiple collateral properties.
Knowledge of commercial finance, documentation, accounting, and data systems.
Ability to provide excellent client service.
Ability to multitask, adapt quickly to changes, and work effectively in a fast-paced environment.
Ability to work effectively with individuals and groups across the company to manage internal and external client relationships.
Self-starter with a positive attitude and good organizational skills.
Proficiency with Microsoft applications and Excel, including the ability to create moderately to complex Excel files.
Good written and verbal communication skills.
Good analytical and problem-solving skills.
Ability to work effectively with frequent interruptions and changing priorities.

Nice To Haves

Experience using FIS.
Bilingual ability in Mandarin or Cantonese.

Responsibilities

Review borrower or Lead Bank requests for advances, confirm line-of-credit availability, and process advances in the loan system.
Receive funds and notices from Lead Banks, post payments to loans, and clear wire suspense in a timely manner.
Verify that loan provisions have been met before processing advances, and disburse funds to the Lead Bank in accordance with the agreement.
Calculate each participating bank’s share of advances and payments.
Prepare notices requesting funds from participating banks and post advances upon receipt of funds.
Post borrower and Lead Bank payments and monitor receipt of wires.
Prepare payment-receipt notices for participating banks and wire funds accordingly.
Monitor interest indexes and repricing, provide rate-change notices to participating banks, or process rate changes upon notice from the Lead Bank.
Prepare wire instructions and submit funds to participating banks or disburse funds at a Lead Bank’s request.
Prepare fee notices and calculate fees.
Process note sales with premiums or discounts as requested by the lending team, in accordance with accounting department entries.
Review and process new, renewed, and modified loan boardings.
Monitor delinquencies and work with Lead Banks to resolve delinquencies arising from syndication administrative issues.
Reconstruct disputed loan accounting with the Lead Bank.
Reconcile the wire account in suspense to ensure timely posting of funds received.
Monitor the centralized email box and delegate work.
Support other projects assigned by the manager or supervisor.