Vice President, Loan Servicing

The Citco Group Limited; Malvern (Chester County); On-site; USD 80,000 - 110,000; Full time

Benefits offered by this job

Comprehensive benefits package

Annual discretionary bonus

Parental leave

Job summary

The Citco Group Limited in Chester County, Malvern, is looking for a team member to manage multiple clients' asset portfolios. The role requires overseeing loan portfolios, managing a team, and interacting with both internal and external clients.

Ideal candidates should have at least 5 years of experience in asset management, excellent communication skills, and a 4-year college degree. Citco offers a competitive total rewards package, including health benefits and a culture of inclusivity.

Qualifications

• Minimum of 5 years’ experience in asset management and portfolio monitoring.
• Experience in maintaining a control environment and adhering to standard operating procedures.
• Strong communication skills both oral and in writing.

Responsibilities

• Manage multiple clients with portfolios of syndicated and bilateral deals.
• Oversee and monitor processing of new drawdowns and fees.
• Support and administer a loan portfolio.

Skills

Asset management/portfolio monitoring

Team management

Detail-oriented

Communication skills

Education

4-year college degree

Tools

Sentry PM

Cassiopeia

Job description

About Citco

The market leader. The premier provider. The best in the business. At Citco, we’ve been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate and expand, push beyond the boundaries of our industry, and shape its future. From working exclusively with hedge funds to serving all alternatives, corporations and private clients, our organization has grown immensely across asset classes and geographies. For us, this progress is a pattern that we’ll only maintain as we move forward, always prioritizing our performance. So for those who want to play at the top of their game and be at the vanguard of their space, we say: Welcome to Citco.

About The Team & Business Line

Fund Administration is Citco’s core business, and our alternative asset and accounting service is one of the industry’s most respected. Our continuous investment in learning and technology solutions means our people are equipped to deliver a seamless client experience.

Responsibilities

Your Role:

This is an analytical and multi-faceted role that requires the team member to be able to analyze and maintain a range of complex bank loan security types and lifecycle events in support of loan agency administrative functions and documentation preparation.

• You will manage multiple clients with portfolios of a syndicated and/or bilateral deal portfolio of 50-100 facilities, and all activities associated therewith to properly maintain client’s portfolio.
• Management of a team of 5-10 portfolio managers
• Support and administer a syndicated and/or bilateral loan portfolio
• Ability to read credit agreements preferred, support software processes
• Oversee and monitor the accurate processing new drawdowns, pay downs, and fees for syndicated and bilateral deals
• Ensure all monies due and payable collected and/or reconciled
• Coordinate funding requirements with Treasury Desk for managed loan portfolio
• Full oversight of invoicing and remittance processing
• Maintain standard processes within a robust control environment, with an eye to continually improving or modifying same to support assigned clients
• Support conduct training of new hires in standard processes including those without experience in loan servicing or portfolio management

Qualifications

About You:

• You have a 4-year college degree with a minimum of 5 years’ experience in asset management/portfolio monitoring.
• Focused, accurate and detail oriented
• Team-oriented; willingness back-up and cross-train on all departmental functions
• Strong communication, both oral and in writing
• Experienced in effective communication with external and internal customers; has experience interfacing with relationship managers, customers, and other related departments
• Minimum of 5 years of people management experience
• Experienced in maintaining a control environment and adhering to standard operation procedures
• Flexible and comfortable adapting to fluid operational requirements and deliverables
• Sentry PM or Cassiopeia a distinct advantage

Our Benefits

Your well-being is of paramount importance and central to our success here at Citco. Citco offers a comprehensive and competitive total rewards package to support your career success and personal needs. Your base salary will be determined by several factors such as the role, experience, skillset, market conditions, etc. Furthermore, qualifying positions can participate in an annual discretionary bonus pool based on company profitability and individual contributions. Our comprehensive benefits package includes medical, dental, and vision coverage, short and long-term disability benefits, a retirement savings plan, tuition reimbursement, mental health and wellness support, parental leave, and more. Additional details about our total rewards package will be shared during the hiring process.

At Citco, we take pride in fostering an inclusive culture by prioritizing the hiring of people from diverse backgrounds. Our culture is a source of pride and strength, fostering innovation, mutual respect, and collaboration. We warmly welcome and encourage applications from people with disabilities. If you require any accommodations to make our recruitment process more accessible for you, please let your recruiter know.

As an equal opportunity employer, Citco adheres to making all employment and personnel decisions without discriminating based on race, color, creed, religion, sex, physical disability, mental disability, age, marital status, sexual orientation, citizenship status, national or ethnic origin, or any other protected status. We believe that an inclusive workforce not only enriches our company but also drives us towards greater success.

Please note that this job description is not intended to be all-inclusive. Our employees may perform other job-related duties as needed to meet the ongoing needs of our organization.