Syndicated Lending Operations Associate
at Coast Capital Savings
Surrey, BC, Canada -
Start Date | Expiry Date | Salary | Posted On | Experience | Skills | Telecommute | Sponsor Visa |
---|---|---|---|---|---|---|---|
Immediate | 25 Nov, 2024 | USD 54000 Annual | 29 Aug, 2024 | 2 year(s) or above | Identity Verification | No | No |
Required Visa Status:
Citizen | GC |
US Citizen | Student Visa |
H1B | CPT |
OPT | H4 Spouse of H1B |
GC Green Card |
Employment Type:
Full Time | Part Time |
Permanent | Independent - 1099 |
Contract – W2 | C2H Independent |
C2H W2 | Contract – Corp 2 Corp |
Contract to Hire – Corp 2 Corp |
Description:
As a member-owned cooperative, we’re helping our members with their real goals and real challenges so they can live the real life they want. It’s what we’ve been doing for over 80 years, and it’s why today we stand almost 600,000 members strong. Plus, we invest 10% of our budgeted profits back into our community – almost $90 million since 2000 alone – because when our members do well, we believe our communities should do well too.
Syndicated Lending Operations Associate
Aug 19, 2024
Location(s): Help Headquarters
Job Type: 12-months temporary role
myWork Options: Hybrid
Starting Salary Range: $54k to $64k
Responsibilities:
- Examines and interprets Inter-Lender Agreement to determine deal structure, including which products and values are being assigned to each financial institution.
- Demonstrates a high level of analytical thinking and problem-solving skills.
- Strategizes with the Assistant Manager on how best to utilize syndication systems to support necessary products.
- Facilitates discussions with Senior Account Managers/Directors on deal structure and problem solving.
- Lead discussions with partner FI’s Agency teams with respect to monthly accounting, including the split of draws, payments, and interest.
- Calculate splits for each participating FI for draws, payments, fees, and payouts, and coordinates & reconciles the associated wire transfers and payment notices.
- Processes and reconciles ongoing carve out portions of the loans, redistributing and re-calculating the payments and fees as needed to the other partners, while ensuring total commitment is not exceeded.
- Reconciliation of FX (USD-CAD) lending on participant files, noting associated USD products are not available in our systems.
- Sets up and reconciles with partner FI’s of Bankers’ Acceptance loans.
- Performs banking system transactions for account creation, funding, renewals, payouts as well as complex loan maintenance (i.e. payment adjustments) necessitated by the fact that each FI’s calculations differ from each other. Non-loan activities such as membership and vostro account creation also required.
- Technical knowledge of the following systems: T24, Syndtrak, Syndication Admin Tool, and SharePoint. This includes day to day use and manipulation to suit unsupported transactions.
- Provide technical expertise, guidance, coaching and training for other team members in similar role or with similar/comparable work.
REQUIREMENT SUMMARY
Min:2.0Max:5.0 year(s)
Banking/Mortgage
Banking / Insurance
BFSI
Graduate
Proficient
1
Surrey, BC, Canada