Whole Sale Lending Financial Analyst

Dexian; Delaware; On-site; USD 60,000 - 80,000; Full time

Job summary

A leading investment banking firm in Delaware is seeking a detail-oriented individual for a role focused on processing loan fees across various business divisions. Applicants should have 1-3 years of experience in accounting or loan documentation, with strong communication skills and attention to detail. The ideal candidate will validate loan origination fees, calculate syndication fees, and prepare detailed reports. Familiarity with US GAAP and software like SAP is preferred. This is a fantastic opportunity within a Fortune 500 firm, promising a dynamic workplace.

Qualifications

• 1-3 years of experience in accounting or loan documentation.
• Experience interpreting loan documentation or related experience with legal documentation.
• Knowledge of origination, amendment, syndication, and ticking fees.
• General accounting knowledge (US GAAP).

Responsibilities

• Validate loan origination fees related to various banking deals.
• Calculate syndication fees on fully syndicated deals.
• Prepare detailed fee write-ups for Financial Controllers on complex fees.
• Monitor and balance fees held awaiting disposition.
• Prepare and distribute daily, weekly, and monthly metric reports.

Skills

Accounting

Loan documentation

Reading legal documentation

Excellent verbal and written communication skills

Attention to detail

Education

College degree (Finance, Accounting, Economics or Mathematics preferred)

Tools

Loan IQ

SAP

Job description

Apply today and embark on an exciting career with a Fortune 500 firm in Commercial Investment Banking!

BACKGROUND

Wholesale Lending Services (WLS) is part of the Commercial Bank providing lending servicing support to multiple business units across the firm and around the world. The operation provides loan documentation; closing and funding; payment and fee processing; syndication loan trade processing; credit administration; collateral perfection and management, customer service and reporting; and construction management.

JOB DESCRIPTION

This position is responsible for processing Investment Bank, Private Bank and Commercial Bank Loan Fees [origination/upfront, amendment/extension, advisory, syndication, structuring and arrangement, and ticking fees among others]. Reviewing loan origination and fee documents to make fee booking decisions to the ledger in accordance with internal accounting policy. This NOT an accounting or ledger role, but there are underlying aspects of the role that touch on accounting treatment and ledger activity.

RESPONSIBILITIES

• Validate loan origination fees related to Investment Bank / Commercial Bank / Private Bank & Dealer Commercial Services (Retail) deals. Fees are validated based on the calculations in executed legal documentation and the firm's Accounting Policy.
• On fully syndicated deals, calculate the syndication fees in relation to the fees paid to the retail lenders.
• Prepare detailed fee write up for Financial Controllers on complex fees or fee revenue in excess of $3MM. Work with Controllers to determine the proper recognition of fees paid to the bank
• Prepare fee templates to instruct Deal Closers on how the fees should be applied.
• Monitor and balance fees held awaiting disposition. Substantiate all outstanding balances.
• Be aware of and mitigate risk event possibilities. Ensure all outstanding fees are booked in the accounting systems in the correct month.
• Ensure all prior month adjustments as relates to fees are accounted for in SAP, within BD3.
• Prepare and distribute daily, weekly and monthly metric reports related to fees paid to the bank. These reports detail information on fees paid pending processing, documentation turnaround time, fees booked, processing times and reasons for delay, if any.
• Facilitate weekly metric conference calls with Financial Controllers, Business Representatives, Management, Deal Closers and Middle Office to discuss pipeline fees and documentation status.

QUALIFICATIONS

• 1-3 years of experience in Accounting or Loan documentation
• Experience reading and interpreting loan documentation or related experience dealing with legal documentation
• Any knowledge or familiarity with origination/upfront, amendment/extension, advisory, syndication, structuring and arrangement, ticking fees
• General accounting knowledge (US GAAP)
• Excellent verbal and written communication skillsCollege degree (Finance, Accounting, Economics or Mathematics preferred) or relevant industry experience

Soft-skills

• Must be a team oriented individual
• Must be highly organized with ability to manage a variety of tasks
• Strong attention to detail, high quality output & accuracy
• Ability to prioritize high volume workload efficiently to meet deadlines

Nice-To-Have skills

Loan IQ is preferred but not necessary

Dexian is an Equal Opportunity Employer that recruits and hires qualified candidates without regard to race, religion, sex, sexual orientation, gender identity, age, national origin, ancestry, citizenship, disability, or veteran status.