LOAN SYNDICATION OFFICERWHAT IS THE OPPORTUNITY?
This position is responsible for administering and servicing syndicated and participated loan activity. Responsibilities include boarding all facilities in relation to syndications and participations, including but not limited to the commitments, notes, collateral and guarantors, ensuring loan packages meet regulatory requirements related to Sarbanes-Oxley, audit, and bank policy, performing maintenance, calculations and adjustments on complex interest and fee accruals, establishing lead agent relationship with members and participants for terms on contract and verifying and funding all incoming funding requests from agent banks in a timely manner.
WHAT WILL YOU DO?
- Services structured financing and participation loan activity. Establishes lead agent relationship with members and participants for terms on contract and conducts activities strictly conforming to agency relationship as specified in each contract. Anticipates, plans, and prioritizes competing demands and meet specific transactional timeframes.
- Understands all documentation pertaining to any participation and syndication, including the most complex Loan and Credit agreements.
- Ensures tax withholding requirements for foreign borrowers have been met and monitored periodically with appropriate documentation held in file.
- Verifies and funds all incoming funding requests from agent banks in a timely manner. Calculates, prepares, submits and collects LIBOR breakage costs to agent banks in case of structured deals and to borrowers in instances when CNB is the lead bank.
- Receives and accounts for all fees, charges and interest as and when due. Reconciles all revenue items and when necessary work with agent bank in reconciliation of transactions. Distributes fees, charges & income to participants in a timely manner. Ensures regulatory compliance on all aspects of loan servicing.
- Resolves customer/agent bank inquiries/disputes by troubleshooting and researching problems. Make recommendation to the Accounting Manager to enhance systems and streamline processing functions. Researches and resolves moderate to complex accounting inquiries including but not limited to interest adjustments, breakage costs, fees on unutilized commitments and repricing options.
- Administers servicing of all complex production loans including maintenance of interest/fee reserves. Understands the applicable industry requirements and ensures proper follow-up when changes have occurred by communication and notification to appropriate personnel.
- Boards all records on system for the facility, including but not limited to the Account, Commitment, Notes, Fees, etc. Processes all renewals, modifications and maintenance transactions relating to these facilities. Makes decisions on fees/interest waivers when warranted and within established guidelines.
- Handles loans demonstrated in non-dollar currencies and work with International to hedge for spot/future contacts as needed.
- Assists with responding to various audits performed in the unit relating to the Syndication and Participation Desk.
- Maintains servicing files for each account and file all documentation in a timely manner.
- Maintains a proactive commitment to established bank programs, such as Community Reinvestment Act (CRA) and Affirmative Action.
- Complies fully with all Bank Operational and Credit policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Know Your Client, Community Reinvestment Act, Fair Lending Practices, Code of Conduct, etc.).
WHAT DO YOU NEED TO SUCCEED?
Required Qualifications*- Minimum 5 years commercial loan servicing, syndication, participation and trade finance loans required.
- Minimum 5 years in agency/structured financing operations required.
- Minimum 2 years experience using Microsoft Office Suite (e.g., Word, Excel, PowerPoint, Outlook) required.
- Minimum 5 years Commercial Loan servicing experience with at least two year specialization in operations of structured financing will be a requirement.
- Minimum of 5 years AFS or Metavante experience.
Additional Qualifications- Complete knowledge and understanding of structured a syndication, participations and production loans required.
- Working knowledge of foreign currency transactions and Interest Derivative contracts is preferred.
- Solid problem solving and extensive knowledge of financial calculations required.
- Excellent interpersonal verbal and written communication skills.
- Ability to work independently with minimal support and computer skills on Windows, Excel and mainframe applications is required.
WHAT'S IN IT FOR YOU?CompensationStarting base salary: $31.39 - $50.14 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
Benefits and PerksAt City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:
- Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
- Generous 401(k) company matching contribution
- Career Development through Tuition Reimbursement and other internal upskilling and training resources
- Valued Time Away benefits including vacation, sick and volunteer time
- Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
- Career Mobility support from a dedicated recruitment team
- Colleague Resource Groups to support networking and community engagement
Get a more detailed look at our Benefits and Perks.
*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.
Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.
