Loan Syndication Officer
City National Bank
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Benefits offered by this job
Job summary
City National Bank is seeking a Loan Syndication Officer in Phoenix to administer and service syndicated and participated loan activity, including boarding facilities and ensuring regulatory compliance. You will coordinate with lead agents, process funding requests, and manage complex interest and fee accruals.
The role requires deep knowledge of structured financing, loan documentation, and cross-border transactions, with a focus on accuracy, audits, and timely processing.
Qualifications
- Minimum 5 years commercial loan servicing experience.
- Minimum 5 years in agency/structured financing operations.
- Minimum 2 years experience using Microsoft Office Suite (Word, Excel, PowerPoint, Outlook).
- Minimum 5 years Commercial Loan servicing experience with at least two year specialization in operations of structured financing.
- Minimum of 5 years AFS or Metavante experience.
Responsibilities
- Services structured financing and participation loan activity and establishes lead agent relationships.
- Understands documentation for participation and syndication, including complex loan agreements.
- Ensures tax withholding requirements for foreign borrowers.
- Verifies and funds incoming funding from agent banks and calculates breakage costs.
- Receives and accounts for all fees, charges and interest; reconciles revenue items and distributes to participants.
- Resolves inquiries by troubleshooting and researching problems; suggests system improvements.
- Administers servicing of complex production loans and maintains reserves.
- Boards records on system and processes renewals, modifications and maintenance.
- Handles loans in non-dollar currencies and coordinates with International for hedging.
- Supports audits and maintains servicing files.
- Supports CRA and Affirmative Action programs and complies with policies.
Skills
Tools
Job description
This position is responsible for administering and servicing syndicated and participated loan activity. Responsibilities include boarding all facilities in relation to syndications and participations, including but not limited to the commitments, notes, collateral and guarantors, ensuring loan packages meet regulatory requirements related to Sarbanes-Oxley, audit, and bank policy, performing maintenance, calculations and adjustments on complex interest and fee accruals, establishing lead agent relationship with members and participants for terms on contract and verifying and funding all incoming funding requests from agent banks in a timely manner.
This position is responsible for administering and servicing syndicated and participated loan activity. Responsibilities include boarding all facilities in relation to syndications and participations, including but not limited to the commitments, notes, collateral and guarantors, ensuring loan packages meet regulatory requirements related to Sarbanes-Oxley, audit, and bank policy, performing maintenance, calculations and adjustments on complex interest and fee accruals, establishing lead agent relationship with members and participants for terms on contract and verifying and funding all incoming funding requests from agent banks in a timely manner.
- Services structured financing and participation loan activity. Establishes lead agent relationship with members and participants for terms on contract and conducts activities strictly conforming to agency relationship as specified in each contract. Anticipates, plans, and prioritizes competing demands and meet specific transactional timeframes.
- Understands all documentation pertaining to any participation and syndication, including the most complex Loan and Credit agreements.
- Ensures tax withholding requirements for foreign borrowers have been met and monitored periodically with appropriate documentation held in file.
- Verifies and funds all incoming funding requests from agent banks in a timely manner. Calculates, prepares, submits and collects LIBOR breakage costs to agent banks in case of structured deals and to borrowers in instances when CNB is the lead bank.
- Receives and accounts for all fees, charges and interest as and when due. Reconciles all revenue items and when necessary work with agent bank in reconciliation of transactions. Distributes fees, charges & income to participants in a timely manner. Ensures regulatory compliance on all aspects of loan servicing.
- Resolves customer/agent bank inquiries/disputes by troubleshooting and researching problems. Make recommendation to the Accounting Manager to enhance systems and streamline processing functions. Researches and resolves moderate to complex accounting inquiries including but not limited to interest adjustments, breakage costs, fees on unutilized commitments and repricing options.
- Administers servicing of all complex production loans including maintenance of interest/fee reserves. Understands the applicable industry requirements and ensures proper follow-up when changes have occurred by communication and notification to appropriate personnel.
- Boards all records on system for the facility, including but not limited to the Account, Commitment, Notes, Fees, etc. Processes all renewals, modifications and maintenance transactions relating to these facilities. Makes decisions on fees/interest waivers when warranted and within established guidelines.
- Handles loans demonstrated in non-dollar currencies and work with International to hedge for spot/future contacts as needed.
- Assists with responding to various audits performed in the unit relating to the Syndication and Participation Desk.
- Maintains servicing files for each account and file all documentation in a timely manner.
- Maintains a proactive commitment to established bank programs, such as Community Reinvestment Act (CRA) and Affimative Action.
- Complies fully with all Bank Operational and Credit policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Know Your Client, Community Reinvestment Act, Fair Lending Practices, Code of Conduct, etc.).
- Minimum 5 years commercial loan servicing, syndication, participation and trade finance loans required.
- Minimum 5 years in agency/structured financing operations required.
- Minimum 2 years experience using Microsoft Office Suite (e.g., Word, Excel, PowerPoint, Outlook) required.
- Minimum 5 years Commercial Loan servicing experience with at least two year specialization in operations of structured financing will be a requirement.
- Minimum of 5 years AFS or Metavante experience.
- Complete knowledge and understanding of structured a syndication, participations and production loans required.
- Working knowledge of foreign currency transactions and Interest Derivative contracts is preferred.
- Solid problem solving and extensive knowledge of financial calculations required.
- Excellent interpersonal verbal and written communication skills.
- Ability to work independently with minimal support and computer skills on Windows, Excel and mainframe applications is required.
Starting base salary: $31.39 - $50.14 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
- Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
- Generous 401(k) company matching contribution
- Career Development through Tuition Reimbursement and other internal upskilling and training resources
- Valued Time Away benefits including vacation, sick and volunteer time
- Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
- Career Mobility support from a dedicated recruitment team
- Colleague Resource Groups to support networking and community engagement
Get a more detailed look at our Benefits and Perks.
Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.
City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
- Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.
Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.
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