Sr Commercial Agency Services Specialist

Citizens; Pittsburgh (Allegheny County); On-site; USD 55,000 - 77,000; Full time

Benefits offered by this job

Medical, dental, vision coverage

Retirement benefits

Maternity/paternity leave

Flexible work arrangements

Education reimbursement

Wellness programs

Job summary

Citizens in Pittsburgh is seeking a senior professional to close and manage a portfolio of moderately to high complex lead agent syndicated transactions, including CRE and Construction loans. You will support credit management through loan distribution and uphold risk controls.

Responsibilities include reviewing agreements for compliance, communicating with investors and partners, booking and distributing transactions, ensuring data quality, and mentoring junior staff.

Qualifications

• 5+ years experience in closing and/or administration of lead agent syndicated transactions.
• Subject matter expert for closing and administrative needs of complex syndicated transactions and trading assets.
• Proven success in all facets of the syndicated loan process including systems, financial, regulatory, accounting and customer service.
• Details oriented to maintain high degree of accuracy in execution and data quality.
• Comprehensive analytical ability to facilitate complex problem resolution.
• Well developed written and verbal communication skills.
• Adept at PC and mainframe applications.
• End-to-end onboarding experience requires, within the LoanIQ system preferred.

Responsibilities

• Perform qualitative review of syndicated loan agreements (including CRE and Construction Loan agreements) and related documents for compliance with the loan approval, adherence to policies and regulations and to mitigate operational and reputation risk.
• Effectively manage, as Administrative Agent, the investors by ensuring timely, proper and effective communication utilizing market standard processes.
• Book, fund and manage distribution of assigned transactions within the Bank’s loan accounting and/or loan trading systems.
• Ensure the highest-level data quality, including all financial data, for assigned portfolio.
• Interact with all Business Lines to provide seamless execution of closings.
• Resource to junior level colleagues with process and procedures. May act as proxy for the Team Leader in team leaders’ absence or meeting conflicts

Skills

Syndicated loans

Data governance

Communication skills

Analytical ability

LoanIQ onboarding

Mainframe apps

Education

Bachelor's degree preferred

Tools

LoanIQ system

PC/Mainframe software

Job description

Description

The incumbent is responsible for all aspects of closing and managing a portfolio of moderately to high complex lead agent and member syndicated transactions. The position supports the strategic goals of credit management through loan distribution, and the incumbent will have responsibility for managing the reputation and operational risk associated with these transactions. Incumbent will negotiate loan agreements; communicate with investors, business partners and counsel; enforce risk controls; maintain data governance and comply with appropriate policies, procedures, laws and regulations.

Additional responsibilities include:

• Perform a qualitative review of syndicated loan agreements (including CRE and Construction Loan agreements) and related documents for compliance with the loan approval, adherence to policies and regulations and to mitigate operational and reputation risk.

• Effectively manage, as Administrative Agent, the investors by ensuring timely, proper and effective communication utilizing market standard processes (SyndTrak , etc)

• Book, fund and manage distribution of assigned transactions within the Bank’s loan accounting and/or loan trading systems.

• Ensure the highest-level data quality, including all financial data, for assigned portfolio.

• Interact with all Business Lines to provide seamless execution of closings

• Resource to junior level colleagues with process and procedures. May act as proxy for the Team Leader in team leaders’ absence or meeting conflicts

Qualifications

• 5+ years experience in the closing and/or administration of lead agent syndicated transactions required

• Subject matter expert for understanding and managing the closing and administrative needs associated with complex syndicated transactions and trading assets

• Proven success in all facets of the syndicated loan process, including operational systems, financial, regulatory, accounting and customer service.

• Details are oriented to maintain high degree of accuracy in execution and data quality

• Comprehensive analytical ability to facilitate complex problem resolution

• Well developed written and verbal communication skills

• Adept at PC and mainframe applications

• End-to-end onboard booking experience requires, within the LoanIQ system preferred

Education: Bachelor’s degree preferred

Hours and Schedule:

Hours: 40

Schedule: Monday-Friday 8-5

In Office: 4 days a week

Pay Transparency

The salary range for this position is $39.90 - $55.76 per hour. Actual pay is based on various factors including but not limited to the budget, work location, and relevant skills and experience.

We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens’ paid time off policy exceeds the mandatory, paid sick or paid time-away policy of every local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits .

Equal Employment Opportunity

Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.

Why Work for Us

At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth

Background Check

Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.