Senior Loan Specialist (contract)

BNY; New York (NY); Hybrid; USD 55,000 - 66,000; Full time

Benefits offered by this job

Medical, dental, vision benefits

Retirement benefits via Tundra

Hybrid work model

Job summary

BNY is seeking a Senior Loan Specialist in New York, NY. This hybrid role supports the Credit Services Institutional Banking division with loan closing readiness, facility setup, and ongoing monitoring.

The position is based in New York with an expectation of 4 days onsite per week, hours from 8:30 AM to 5:00 PM ET. You will interact with lenders, operations, and regulators to ensure accurate documentation and timely portfolio administration.

Qualifications

• 2+ years of experience in loan agency, syndicated loans, middle office, credit administration, or related financial services function.
• Experience reading and interpreting credit agreements and other complex lending documentation.
• Strong understanding of the syndicated loan lifecycle, including closings and portfolio monitoring.
• Excellent analytical, organizational, and time management skills.

Responsibilities

• Coordinate onboarding, facility setup, and activation of new and amended credit facilities.
• Interpret credit agreements and loan documentation to extract key terms.
• Own facility setup and maintenance across the loan lifecycle.
• Monitor loan portfolios and support covenant compliance.
• Collaborate with lenders, loan operations, regulators, and internal stakeholders.
• Ensure data integrity and regulatory reporting readiness.
• Support migration to a new loan system with cross-functional teams.

Skills

Analytical skills

Time management

Communication skills

Excel proficiency

Education

Bachelor’s degree in Finance, Economics, Accounting, or Business Administration

Tools

Microsoft Excel

Microsoft Office

Job description

At BNY, our culture allows us to run our company better and enables you to grow and succeed. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world’s investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.

Recognized as a top destination for innovators and champions of inclusion, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance – and this is what is all about. Join us and be part of something extraordinary.

Job Summary: We are seeking a Senior Loan Specialist to join the Credit Services Administration team in New York, NY. This hybrid role supports Credit Services Institutional Bank Lending divisions. This middle – office role supports loan closing readiness, credit agreement interpretation, facility setup and activation, ongoing facility maintenance, regulatory data requirements and portfolio monitoring across Corporates, Financial Institutions, and Real Estate lending.

This role is based in New York with an expectation of 4 days onsite per week and standard hours of 8:30 AM–5:00 PM Eastern.

Key Responsibilities:

• Loan Origination Coordination: Coordinate the onboarding, facility setup, and activation of new and amended bilateral and syndicated credit facilities. Interpret complex credit agreement and loan documentation, ensure facility terms are accurately captured in source systems and partner with major stakeholders throughout the life of the credit facilities.
• Credit Documentation Review: Analyze and interpret credit agreements and related legal documentation to extract and validate key economic and structural terms such as rates, fees, covenants, maturities, and other deal attributes
• Facility Setup & Lifecycle Management: Own facility setup and maintenance across the loan lifecycle, including onboarding, amendments, waivers, extensions, repricings, restructurings, and related updates
• Portfolio Monitoring: Monitor assigned loan portfolios, reconcile activity across stakeholders, and support covenant compliance and ongoing portfolio administration
• Stakeholder Coordination: Work closely with lenders, loan operations, administrators, regulatory partners, and other internal business stakeholders across multiple platforms and lines of business
• Regulatory & Quality Control Support: Ensure data integrity, quality control, and compliance with internal procedures and applicable reporting requirements, including support for regulatory processes such as FR Y-14Q and 2052a
• Cross-Functional Change Support: Support migration to a new loan system by partnering with business teams on requirements gathering, testing, and stakeholder coordination
• Cross-Training & Development: Build expertise across different segments such as corporates, real estate, and financial institutions, with opportunity for broader cross-training over time

Qualifications:

• 2+ years of experience in loan agency, syndicated loans, middle office, credit administration, or a related financial services function
• Experience reading and interpreting credit agreements and other complex legal or lending documentation
• Strong understanding of the syndicated loan lifecycle, including closings, onboarding, maintenance events, and portfolio monitoring
• Strong analytical, organizational, and time management skills
• Ability to work effectively in a high-intensity, fast-paced environment with multiple priorities
• Strong communication skills and ability to collaborate across a broad set of internal and external stakeholders
• Proficiency with Microsoft Excel and the broader Microsoft Office Suite
• Bachelor’s degree in Finance, Economics, Accounting, or Business Administration

Preferred Experience:

• 3–5 years of relevant loan agency experience supporting syndicated loans and complex documentation review
• Familiarity with LSTA/LMA standards and syndicated loan settlement or par loan trading processes
• Experience with workflow tools such as ClearPar / Markit

Why Join Us:

Join a collaborative Credit Services Administration team supporting complex syndicated loan activity in a highly visible middle office function. This role offers strong exposure to deal execution, portfolio monitoring, regulatory processes, and cross-functional partnership across lending, operations, and business teams. You’ll work alongside experienced colleagues, receive hands-on training and shadowing, and have the opportunity to broaden your knowledge across multiple banking segments over time.

At BNY, our culture speaks for itself, check out the latest BNY news at:

BNY Newsroom

BNY LinkedIn

Here’s a few of our recent awards:

America’s Most Innovative Companies, Fortune, 2025

World’s Most Admired Companies, Fortune 2025

“Most Just Companies”, Just Capital and CNBC, 2025

Pay Rate Range

38.4 - 48 USD hourly

Additional Notes

Optional benefits offering include medical, dental, vision and retirement benefits via Tundra Technical Solutions.