Loan Agency Services, Associate II

Alter Domus; Chicago (IL); Hybrid; USD 43,000 - 75,000; Full time

Benefits offered by this job

Professional accreditations

Flexible arrangements

Birthday off

Mentoring

Sports & social committees

Employee Assistance Program

Employee Share Plan

Job summary

Alter Domus, a world-leading provider of integrated solutions for the alternative investment industry, is hiring for a loan operations role in Chicago. You will act as a liaison between borrowers and lenders, maintain portfolio knowledge, and ensure accurate documentation in the Agency system.

You will reference credit agreements, perform loan-related calculations and fund movements, and assist with training and process improvements.

Qualifications

• Bachelor’s degree or commensurate work experience.
• 2+ years experience in bank loan agency, syndication or investment management operations.
• Strong communication, deadline-driven, and detail-oriented.
• Ability to research and resolve complex problems; quick learner.
• Proficiency in finance concepts; Excel and Bloomberg helpful.

Responsibilities

• Act as liaison between borrowers and lenders and coordinate with legal counsel, trustees and other service providers.
• Maintain knowledge of portfolios and deal-related documentation.
• Reference and extract Credit Agreement information to keep Agency system updated.
• Apply judgment to interpret loan-related information and resolve issues.
• Calculate, invoice, disburse fees and manage payments including principal and interest.
• Coordinate funds movement for initial funding and closings.
• Provide training to Associate staff on policies and procedures.
• Ensure proper system setup and maintenance of deal attributes.
• Understand services offered and flag out-of-scope risks to the Manager.
• Process loan and facility-related activity including rollovers, rate settings, or amendments.
• Perform heavy data entry in agency systems and Excel.

Skills

Loan operations experience

Communication

Deadline-driven

Analytical thinking

Research skills

Education

Bachelor’s degree in accounting, finance, economics, or related field

Tools

Microsoft Excel

Bloomberg

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:

• Act as liaison between borrowers and lenders, collaborate with other parties within the industry, including legal counsel, trustees and other third party service providers.
• Maintain a working knowledge of all relevant portfolios and deal related documentation.
• Reference, understand and extract Credit Agreement and governing document information to ensure compliance and update the Agency system accordingly.
• Use judgment, interpretation and problem-solving to understand loan related information.
• Calculate, invoice and disburse all deal related fees; collect and disburse interest, principal, fee payments and new borrowing funds.
• Coordinate funds movement for initial funding and closing.
• Provide training to Associate level staff on policies and procedures.
• Ensure proper system set-up including maintenance of changing deal attributes.
• Understand services offered and risks as it relates to Agency and alert Manager of out of scope requirements, risk issues, etc.
• Maintain facility commitments and process loan and facility-related activity including rollovers, rate settings, conversions, prepayments, assignments, amendments, etc.
• Perform heavy data entry in agency systems and Microsoft Excel.

QUALIFICATIONS:

• Bachelor’s degree in accounting, finance, economics, a related field, or commensurate work experience.
• 2+ years of experience in bank loan agency, syndication or investment management operations experience.
• Responsive, friendly, professional, and proactive communication approach.
• Deadline-driven and highly organized with exceptional attention to detail.
• Ability to independently research, analyze and resolve complex problems and quickly learn new concepts.
• Working knowledge of fundamental financial, accounting and operations concepts.
• High proficiency in Microsoft Excel and experience with Bloomberg and other loan research tools a plus.

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Salary range depending on experience: $42,500-75,000

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.