US Banking Operations - Agency Team

Mizuho•New York City, NY

5d•Hybrid

About The Position

The Loan Administration Unit (Agency & Bilateral Loan Administration) AVP is responsible for assisting the Section Head in the Agency & Bilateral Loan Administration Section. This role ensures accurate and timely administration/servicing of the Bank's agented loan portfolio, ensuring daily activity complies with state and federal laws, regulations, and Bank lending policies and procedures. The position also ensures department activities run smoothly and efficiently, provides leadership, training, and supervision within the department, and offers a high level of customer relations and service. The LAU AVP assists in transaction approval as required, supports a complex loan portfolio, and must be fully knowledgeable and skilled in all areas of servicing syndicated and bilateral loan facilities. The LAU AVP is responsible for all phases of the new Agency deal closing process where Mizuho acts as Administrative Agent or direct lender. This includes providing expertise and guidance during pre-closing meetings, reviewing and commenting on credit agreements and other closing documentation, coordinating funds flow, fee allocations, disbursement of funds, and lender notification, as well as building deals in the lending system. Attention to detail is imperative, especially with complex transactions such as Project Finance, Securitization, ABL, etc. The role has exposure to various products including equity fund finance, residential mortgage, and Term Loan B deals.

Requirements

Seven years or more of loan product experience as Administrative Agent.
Experience with loan operating systems: ACBS, LoanIQ.
Experience with specialized lending products (e.g. 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.
Organizational skills.
Ability to work well under pressure.
Strong knowledge of wire transfer (FED, CHIPS, SWIFT).

Nice To Haves

Proficient in management of lending products.

Responsibilities

Act 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 Borrower and Bank Group.
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 expertise.
Assist with LoanIQ training of colleagues and 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 and ensure structure and content are identical; and to create or maintain Accurate Credit Arrangements in ACBS Commercial Loan Maintenance.
Responsible for the daily maintenance of the commitment facilities including monitoring borrowing status, prepare 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, including 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.
Responsible for verifying the integrity of transactions.
Accountable for ongoing quality, integrity, and completion of all data.
Reconcile statement to ledger entries.
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 duties as assigned, completing such tasks on time.
Obtain a basic understanding of applicable rules and regulations that govern the Bank.
Understand that all questions and/or clarification about such rules and regulations should be directed 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”.
Designated as person responsible for reporting potentially prohibited transaction(s) (OFAC related) upon detection.