Assistant Vice President, Agency Operation - Credit Middle and Loan Group | Singapore, SG

Sumitomo Mitsui Banking Corporation; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

A leading banking corporation in Singapore is seeking an Assistant Vice President for Agency Operations to manage loan administration and operations. This role involves liaising with various stakeholders, ensuring compliance with legal documents, and providing expertise to junior members. Ideal candidates will have a degree in Business Administration or Banking and Finance, with at least 10 years of experience in syndicated loans.

Qualifications

• At least 10 years’ experience in syndicated loan agency.
• Strong understanding of loan cycle and facility agent functions.
• Ability to read loan agreements.

Responsibilities

• Handle loan administration & operation functions.
• Liaise with borrowers and internal stakeholders.
• Manage audit confirmation queries.

Skills

Analytical skills

Problem-solving

Attention to detail

Communication

Interpersonal skills

Education

Degree in Business Administration

Degree in Banking and Finance

Tools

Microsoft Office Applications

Debt Domain

Job description

Assistant Vice President, Agency Operation - Credit Middle and Loan Group

This role is to support the agency administrative and operation functions for deals whereby the bank acts as the agent.

Company description:

SMBC first opened its doors for business in Singapore in 1963. The Singapore branch was established as our hub in Asia Pacific outside of Japan in 2008 to support the growth and expansion of our customers in and across the region. SMBC Singapore provides a comprehensive range of wholesale banking solutions as a full commercial bank in Singapore. In 2023, we are honored to celebrate 60 years of business excellence in Singapore, the heart of our business in Asia Pacific. We continue to embark on our journey with our stakeholders towards a sustainable future.

Job description:

Job Description

• Handle loan administration & operation functions of syndicated loans that the bank is mandated as agents with dual role functions as maker and checker.
• The day-to-day functions include but not limited to drawdowns, rollovers, payments, maintenance of records etc.
• Liaise with borrowers, participants, agents, and internal stakeholders on loan administration & operation matters.
• Monitor & Disseminate information undertakings and covenants.
• Address queries on loan operation matters from borrower and Lenders.
• Manage & prepare audit confirmation queries.
• Ensuring efficient execution of day-to-day functions in accordance with the legal documents and bank’s policy.
• Oversees & ensure service level and quality standards are maintained.
• Provide subject matter expertise towards projects initiatives and guide the junior members.
• Assist and support corporate clients, addressing inquiries, and ensuring a positive customer experience:
• Perform any other duties assigned from time to time.

Requirements:

• Degree in Business Administration, Banking and Finance with at least 10 years’ experience in syndicated loan agency in banks with ability to read loan agreements.
• Candidates with lesser experience will be considered at Analysy/Senior Analyst level.
• Strong and thorough understanding of loan cycle and the function as the facility agent would be preferred.
• Good knowledge on construction of Swift messages and use of Debt Domain will be an advantage.
• Meticulous, confident, ability to multiple tasks and resilience.
• Possess strong analytical and problem-solving skills, attention to detail. Ability to devise strategies, deliver value added support, identify problems & propose solutions.
• Strong communication and interpersonal skills, both written and verbal.
• Proficient in Microsoft Office Applications – Word, Excel, Power Point

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