Syndicated Loan Settlement & Operations Specialist

Huntington Bancshares, Inc.; Cleveland (OH); Hybrid; USD 57,000 - 113,000; Full time

Benefits offered by this job

Health insurance coverage

Wellness program

Life and disability insurance

Retirement savings plan

Paid leave and holidays

Job summary

Huntington Bancshares, Inc. is seeking a Syndicated Loan Specialist to administer leveraged loan transactions, focusing on Term Loan B (TLB) structures and secondary market settlements.

You will manage closings, interpretation of credit agreements, and ensure timely wiring and settlement activities with trading desks and counterparties. Responsibilities include balance and reconciliation, processing payments and advances, and coordinating with Agent Bank and Participant Banks while maintaining

Qualifications

• Bachelor’s degree in Finance, Accounting, Business, or related field.
• 4+ years of experience in syndicated loan operations, with a focus on Term Loan B and secondary market trade settlement.
• Experience with leveraged loan structures, credit agreements, and LSTA/LMA documentation.
• Experience in loan servicing and trade platforms (e.g., ACBS, AFS, ClearPar, SyndTrack).

Responsibilities

• Complete all incoming loan transactions within established SLAs, ensuring compliance with executed credit agreements.
• Independently manage a portfolio of high-dollar Participated and Syndicated loans, primarily where Huntington acts as the Agent Bank.
• Coordinate closely with Syndication Directors and legal counsel on upcoming closings and documentation reviews.
• Book and maintain Syndicated loans in the ACBS loan system, ensuring accuracy and timeliness.
• Monitor daily reports and wire Participant Banks their pro-rata share of loan activity by the next business day.
• Prepare and distribute detailed transaction advices to Participant Banks, including rate options and fund transfers.
• Process incoming and outgoing wires in coordination with Participant Banks and the Agent Bank.
• Receive and interpret loan advices from the Agent Bank and execute same-day funding requests.
• Research and resolve discrepancies in loan balances, interpret credit agreements, and review loan and rate histories.
• Monitor and complete suspect reports, correcting accounting and billing errors in ACBS.
• Balance and reconcile financial transactions and batches of work.
• Assign and clear incoming wires to the appropriate processor within set standards.
• Maintain high-quality standards and ensure data accuracy in all servicing activities.

Skills

Syndicated loan operations

Credit agreements knowledge

Analytical skills

Communication

Education

Bachelor’s degree in Finance/Accounting/Business

Tools

ACBS

AFS

ClearPar

SyndTrack

Job description

Huntington Bancshares, Inc. is seeking a Syndicated Loan Specialist to administer leveraged loan transactions, focusing on Term Loan B (TLB) structures and secondary market settlements.

You will manage closings, interpretation of credit agreements, and ensure timely wiring and settlement activities with trading desks and counterparties. Responsibilities include balance and reconciliation, processing payments and advances, and coordinating with Agent Bank and Participant Banks while maintaining