Title: Loan Administration
Position Type: W2 Contract
Location: Chesterbrook, PA
Description:
- Securities Services is a leading global custodian and securities services specialist that provides multi-asset post-trade and asset servicing solutions for buy and sell-side market participants, corporates and issuers.
- Loan Operations provides services across a variety of products, focusing primarily on the Collateral Debt Obligation and Loan Fund markets. We provide a premier account administration service for loan portfolios across a number of global clients.
Knowledge, Skill and Experience Essential:
- Prior experience of loan administration and good understanding of the loans market, and in particular bi-lateral loans, syndicated loans, loan funds including direct-lending.
- Good working knowledge of a wide range of Client Delivery policies, procedures, regulations and legislation.
- Good people management skills and an ability to work with individuals to set individual objectives and manage performance to ensure their delivery.
- Excellent written and oral English skills in order to articulate technical issues and to be able to take the complex and make simple to enable effective communication with individuals across the business.
- Computer literacy and a good understanding of relevant software.
- Cash and asset reconciliation experience
- Understanding of loan trade documentation, credit agreement, transfer certificates, pricing letters/ funding memos etc.
- Ability to read, understand, and interpret legal documentation, such as Offering Circulars, Facilities Agreements etc.
- Strong team player who shows initiative, accountability, and is able to self-motivate.
- Good problem solving and analytical skills, deadline focused yet shows great attention to detail.
Preferred:
- Direct Lending Leveraged Loan Fund Portfolios / CLOs
- Sentry
- Experience in Loan Closing
- Understanding of Swift format and cash instructions flow.
