Loan Agency Services, Associate I

Alter Domus; Chicago (IL); Hybrid; USD 42,000 - 75,000; Full time

Benefits offered by this job

Hybrid work model

Professional accreditations support

Alter Domus Academy with LinkedIn-Lear

Birthday day off

Mentoring and career progression

Employee Share Plan

Employee Assistance Program

Job summary

Alter Domus in Chicago is seeking a detail-oriented Loan Administrator to manage middle-market and syndicated bank loans as the administrative agent. You will maintain loan records, process data, and ensure accurate application in the loan agency system while delivering reliable service to deal parties.

The ideal candidate has a bachelor’s degree in accounting, finance, or related field, strong communication skills, and proficiency in Excel, with the ability to multitask and adapt in a

Qualifications

• Excellent verbal and written communication skills.
• Demonstrated analytical capabilities and strong attention to detail.
• Ability to prioritize tasks, work on multiple assignments, and manage ambiguity.
• Dynamic and flexible workstyle, able to work independently or in a team.
• Proficiency in Microsoft Excel.

Responsibilities

• Manage middle-market and broadly syndicated commercial bank loans where Alter Domus has been engaged as the administrative agent.
• Maintain the loan register, record, and execute all loan activities.
• Ensure integrity of assigned portfolio of loans.

Skills

Verbal and written communication

Analytical capabilities

Prioritization and multitasking

Adaptability and flexibility

Excel proficiency

Education

Bachelor’s degree in accounting/finance/business/economics

Job description

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As a world leading provider of integrated solutions for the alternative investment industry, Alter Domus (meaning “The Other House” in Latin) is proud to be home to 90% of the top 30 asset managers in the private markets, and more than 6,000 professionals across 24 jurisdictions.

With a deep understanding of what it takes to succeed in alternatives, we believe in being different in what we do, how we work, and most importantly in how we enable and develop our people. Invest yourself in the alternative, and join an organization where you progress on merit, where you can speak openly with whoever you are speaking to, and where you will be supported along whichever path you choose to take.

Find out more about life at Alter Domus at careers.alterdomus.com

JOB DESCRIPTION:

• Manage middle-market and broadly syndicated commercial bank loans where Alter Domus has been engaged as the administrative agent
• Maintain the loan register, record, and execute all loan activities
• Ensure integrity of assigned portfolio of loans
• Review and extract data from loan agreements, amendments, and other governing loan documents, ensuring accurate application on the loan agency system
• Performs settlement with borrowers and syndicate members
• Manage deal party requests for information within the terms of the loan documentation, policy, and procedures
• Prepare and process invoices, disbursing all deal-related fees
• Accurately prepare loan notices
• Collect and disburse loan interest, principal, fee payments and new borrower funding
• Develop and maintain a solid working relationship with all deal parties, providing exceptional customer service
• Assist with new deal onboarding including borrower and lender setup
• Ensure operational excellence by maintaining accuracy and following internal control procedures and teamwork.

QUALIFICATIONS:

• Bachelor’s degree in accounting, finance, business, economics or related field
• 0+ years of experience, new graduates encouraged to apply
• Exceptional verbal and written communication skills
• Demonstrated analytical capabilities and strong attention to detail
• Ability to prioritize tasks, work on multiple assignments, and manage ambiguity
• Dynamic and flexible workstyle (i.e. successful candidates can work both independently and as a part of a team with professionals from all levels)
• Proficiency in Microsoft Excel.

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Salary range depending on experience: $42,400-75,000

WHAT WE OFFER:

We are committed to supporting your development, advancing your career, and providing benefits that matter to you.

Our industry-leading Alter Domus Academy offers six learning zones for every stage of your career, with resources tailored to your ambitions and resources from LinkedIn Learning.

Our global benefits also include:

• Support for professional accreditations
• Flexible arrangements, generous holidays, plus an additional day off for your birthday!
• Continuous mentoring along your career progression
• Active sports, events and social committees across our offices
• 24/7 support available from our Employee Assistance Program
• The opportunity to invest in our growth and success through our Employee Share Plan

Alter Domus is an Equal Opportunity Employer: Equity Statement
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status.