Citco

Vice President, Loan Servicing

Citco$130K — $180K *
Wayne, PA 19087In-Person
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in loan administration or portfolio management
  • Strong analytical skills with the ability to handle complex financial data
  • Experience managing teams of 5-10 professionals
  • Familiarity with syndicated and bilateral loan financing
  • Proficiency in reading and interpreting credit agreements (preferred)
  • Understanding of invoicing and remittance processes
  • Strong organizational skills to maintain multiple client portfolios

Responsibilities

  • Manage a portfolio of 50-100 facilities for multiple clients
  • Lead and supervise a team of portfolio managers
  • Administer loan portfolios effectively
  • Read and support processes for credit agreements
  • Oversee drawdowns, paydowns, and fees for loans
  • Ensure timely collection and reconciliation of funds
  • Coordinate with Treasury Desk for funding needs
  • Enhance processes within a robust control environment
  • Train new hires in standard loan servicing practices

Benefits

  • Comprehensive health benefits
  • 401(k) retirement plan with company match
  • Opportunity for professional development and training
  • Work-life balance initiatives
  • Flexible work arrangements, including remote work options
Full Job Description
Job Description

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

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.

About Citco

Citco is a financial services company that provides fund administration, custody, and banking services to institutional investors and alternative investment managers. The company was founded in 1948 and is headquartered in the British Virgin Islands. Citco has a global presence with offices in over 40 countries. The company's mission is to provide innovative and reliable financial solutions to its clients.
Learn more about Citco
Size
10,000 employees
Industry

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