Operations Analyst, Agency and Trustee Services

Kroll; New York (NY); On-site; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a detail-oriented Operations Analyst to join its dynamic team in New York. This role offers a unique opportunity to engage in the intricate world of loan and bond transactions, ensuring accuracy and compliance with facility agreements. You'll be responsible for managing various aspects of transaction processing, from data entry in Loan IQ to monitoring lender funds and reconciling accounts. If you thrive in a collaborative environment and are eager to contribute to a leading firm in risk and financial advisory solutions, this is the perfect opportunity to advance your career while making a significant impact.

Qualifications

• At least 2 years of experience in Corporate Loan Agency.
• Strong skills in transaction management and reconciliation.

Responsibilities

• Input and set up new transactions in Loan IQ according to procedures.
• Monitor receipt of funds and reconcile client accounts.

Skills

Corporate Loan Agency Experience

Transaction Management

Data Entry

Reconciliation Skills

Tools

Loan IQ

Connexis

Access

KASUS Diary System

Debt Domain

Job description

Operations Analyst, Agency and Trustee Services

Agency and Trustee Services | New York, United States | 21011596

Kroll Agency & Trustee Services (FKA Lucid Agency and Trustee Services Ltd) was launched in 2017 and provides independent, conflict-free, third-party loan agency, security agency and bond trustee services. Servicing the bond and loan markets, Kroll has developed its strong reputation by providing proactive and bespoke services to its clients. We currently manage over 900 loan and bond transactions.

Due to our rapid growth in Europe and globally based clients, our agency business in the US was launched in 2023 as Kroll Agency Services (US) LLC and we are looking for talented individuals to join our growing operations team as an Operations Analyst.

Day-to-day responsibilities:

1. Taking responsibility for inputting and setting up new transactions in Loan IQ in accordance with facility agreements and Kroll’s procedures, which includes:

• Recording loan / facility details in Loan IQ
• Performing call backs to verify Lender and Borrower admin forms and entering them in Loan IQ
• Entering loan party information in Loan IQ
• Entering lender and borrower SSIs into Connexis and Access
• Recording new transactions in Kroll’s diary system
• Entering lender details in Debt Domain platform
• Collecting lender tax form and uploading to our KBC platform
• Checking utilisation requests from borrowers
• Issuing demand notices to lenders for initial drawdown
• Notifying BNP Paribas or JP Morgan of upcoming drawdown
• Monitoring receipt of lender funds to Kroll client accounts
• Confirming release of funds with lenders
• Following up with BNP Paribas or JP Morgan to trace missing lender funds
• Creating a payment file(s) for the borrower payment in Connexis or Access
• Notifying relationship management team that funds have been received
• Reconciling Kroll client accounts upon release of payments
• Rate fixing of loan on drawdown in accordance with agreements
• Updating Loan IQ with new interest period and interest rate
• Compiling and sending rate-fixing notices to lenders
• Diarising next rollover / interest payment date in KASUS diary system
• Monitoring KASUS diary system to ensure upcoming rollovers / scheduled deal activity is actioned
• Calculating amounts of interest and principal due to the lenders
• Calculating fees due to the lenders
• Compiling and sending demand notices to the borrower requesting payment of scheduled interest, fees and principal
• Creating payment files for payment of interest, fees and principal due to the lenders
• Rate fixing for new interest period (in conjunction with the borrower)
• Compiling and sending new rate fix notices to lenders and borrowers
• Notify BNP Paribas or JP Morgan of upcoming rollover activity on the account
• Monitoring receipt of interest, fees and principal payments to Kroll’s client accounts
• Advising relationship management team of receipt of borrower payments
• Following up with borrower if funds not received
• Reconciling Kroll’s client accounts upon release of payments
• Receiving and processing borrower notices of repayment / prepayment
• Calculating lender pro rata share of principal, accrued interest, breakage costs and fees
• Issuing lender notices to confirm upcoming repayment / prepayment
• Creating payment files in Connexis or Access for each lender share of repayment / prepayment
• Advising BNP Paribas or JP Morgan of upcoming account activity
• Monitoring receipt of funds to Kroll’s client accounts
• Notifying relationship management team of receipt of funds
• Following up with borrower if funds not received
• Updating Loan IQ with details of repayment and prepayment
• Reconciling Kroll’s client accounts upon release of payments

Minimum Requirements: At least 2 years of Corporate Loan Agency experience.

About Kroll

Join the global leader in risk and financial advisory solutions—Kroll. With a nearly century-long legacy, we blend trusted expertise with cutting-edge technology to navigate and redefine industry complexities. As a part of One Team, One Kroll, you'll contribute to a collaborative and empowering environment, propelling your career to new heights. Ready to build, protect, restore and maximize our clients’ value? Your journey begins with Kroll.

Kroll is committed to equal opportunity and diversity, and recruits people based on merit.

In order to be considered for a position, you must formally apply via careers.kroll.com.

Kroll is headquartered in New York with offices around the world.