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Syndications Loan Closing and Servicing Administrator Senior
First Horizon National Corporation
Charlotte, NC, United States
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Description
The Syndications Loan Closing and Servicing Administrator partners with the specialty and wholesale lines of business RM’s and PM’s to fulfill syndicated and agented facilities where the Bank serves as the lead or agent. These facilities are extended to the Bank’s largest and highest value and require individuals with strong business acumen, poise under pressure, impeccable customer service skills and excellent analytical and problem-solving abilities.
This individual analyzes the credit agreement and makes independent decisions on how to accurately structure the loan(s) on the servicing system in order to correctly reflect the unique terms of each transaction. The administrator proactively drives the loan closing process by performing customer due diligence for regulatory compliance (KYC, OFAC, FDICIA), appraisal, flood determination, environmental, hazard insurance. Further the administrator displays a high level of proficiency in loan documentation using our internal platform or reviews documentation generated by outside counsel to ensure that it conforms to the terms of the agreement and to ensure that the Bank can meet all operating, regulatory and reporting requirements. This individual builds strong relationships with business partners throughout the organization and works closely with multiple parties including the relationship team, operational partners, the customer, internal or external counsel and other third party vendors to achieve a well-coordinated and timely closing.
The administrator manages the ongoing servicing of syndications originated in their assigned line of business. The administrator builds relationships with lender banks and acts as a liaison between LOB’s and the lender banks to ensure clear and timely communication and in a manner that reflects positively on the reputation of the Bank. The administrator develops money management strategies, including managing all incoming and outgoing wires and ensuring that cash flows and wires adhere to internal policies and that settlement occurs timely and accurately. The administrator facilitates the application of all payments and settlement across lender banks. The administrator performs all maintenance over the life of the loan, to include advances, payments, fee computations, modifications, prepayment penalties and ultimately payoff.
Essential Duties and Responsibilities:
Responsibilities include boarding all syndication facilities, including but not limited to the commitments, notes, collateral and guarantors, ensuring loan packages meet regulatory requirements related to FIDICIA, audit, and credit policy, performing maintenance, calculations and adjustments on complex interest and fee accruals, establishing lead agent relationship with members for terms on contract, verifying and funding all incoming funding requests from banks in a timely manner.
Knowledge
• Extensive understanding of syndication and participation ecosystem and concepts, i.e. pro rata shares, accruals
• Strong knowledge of syndicated and agented loan structures and credit documentation
• Deep understanding of processes such as drawdowns, pay downs, line sub limits such as swing lines and letters of credit (L/C)
• Knowledge of state statutes/laws to predict changes/impacts to collateral perfection, legal requirements, closing needs and legal documentation for proceed/stop for closing.
• A thorough understanding of affected federal regulations
• Knowledge of servicing account maintenance
• An understanding of General Ledger and reconciling functions
Abilities
• To comprehend a credit agreement and all related syndicated loan documentation
• To translate the terms of the facility into the servicing system’s structure in a way that accurately reflects the terms of the loan
• To perform loan accounting functions (extensive balancing within each facility)
• To defuse tense situations or difficult customer interactions
• To handle multiple tasks and prioritize
• To work with little supervision but know when to ask for help
• To work under pressure and remain calm
• To maintain a healthy relationship with partners and lender banks
• To take a systematic approach to work & plan ahead to train/educate others.
Skills
• Ability to make decision regarding operational and administrative risk as related to syndicated credits
• Impeccable customer service and customer centric focus
• Strong analytical and problem-solving skills
• Excellent verbal and written communication skills across all levels of the organization
• Proficient computer skills, especially Microsoft Office applications
• Attention to detail and able to identify potential issues
• Comfort with ambiguity
Requirements
Education and/or Work Experience Requirements:
• Bachelor's degree in Finance or related discipline required
• 3 to 5 years’ experience with administration of syndicated transactions including loan closing and servicing (onboarding, maintenance, LIBOR tranche, fee calculations, payments, advances etc.)
• MBA preferred
• Knowledge of ACBS loan system a plus
Physical Requirements:
• Ability to safely and successfully perform the essential job functions consistent with or without the ADA, FMLA and other federal, state and local standards, including meeting qualitative and/or quantitative productivity standards.
• Ability to maintain regular, punctual attendance consistent with the ADA, FMLA and other federal, state and local standards
Work Hours: Monday - Friday
8:00am -5:00pm
LD-AK1