• Syndication Loan Administrator

    Location US-CA-El Monte
    Job ID
    2017-4438
    Category
    Banking Operations/Back Office
    Position Type
    Full-Time
  • Overview

     

    For more than 40 years, East West Bank has served as a pathway to success. With over 130 locations across the U.S. and Greater China, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals help guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities. And our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, high-tech and aviation help build sustainable businesses and expand our employees’ potential for career advancement.

    Headquartered in California, East West Bank (Nasdaq: EWBC) is a top performing commercial bank with an exclusive focus on the U.S. and Greater China markets. With assets of $37.7 billion, we’re ranked among the 30 largest banks in the United States and currently top 5 in “America’s 100 Best Banks” by Forbes, a list where we've consistently been in the top 15 since 2010. With a strong foundation, an enterprising spirit and a commitment to absolute integrity, East West Bank gives people the confidence to reach further.

    The Syndication Loan Administrator will be responsible for the Loan Closing and Servicing of Syndicated Loan and Loan Agency portfolio serving as a liaison between the lending unit, Syndication Deal Team, outside counsel and participating banks. Syndication Administrator will perform all due diligence tasks relative to Closing new loans where EWB is lead or non-lead. Responsibilities include working on a high volume portfolio of loans, coordination of activities with all participants ensuring proper management and receipt of all funding, proper interest setting and timely management of payments. Ensures compliance with Bank policies and procedures and all applicable laws and regulations.  

     

     

     

     

     

     

    #CB

    Responsibilities

    • Responsible for interpreting loan documents, perform due diligence including Flood Procedures, proper execution of loan documents and boarding of new Syndication and Loan Agency loans on loan System
    • Perform LIBOR/Pricing reset for Syndication and Loan Agency portfolio
    • Process syndication advances, payments, payoff,
    • Process loan extensions, modifications and amendments
    • Prepare all loan fees and Letter of Credit fee invoices
    • Process incoming and outgoing wires while ensuring receipt of proper notification from the lead bank
    • Prepare all Notices to Participating Banks and remit payments and request funding for advances
    • Conduct research and resolve errors and payment exceptions and misapplications
    • Respond to inquiries received from Relationship Manager, Syndication Deal Team, and initiate contact with other Bank’s loan servicing team to resolve
    • Review Delinquent Loan Reports and ensure timely receipt of notices from lead banks
    • Research and analyze problems and provide resolutions in a timely manner.
    • Reconcile general ledger and call back daily work.
    • Provide effective customer service and assists in resolving problems within given authority.
    • Perform all loan accounting activities on the loan system for Loan Sale or Loan Repurchase
    • Special projects as assigned by manager

    Qualifications

     

    • Bachelor Degree in Finance or Accounting
    • 5+ years of experience in Syndication Loan Administration
    • Advance knowledge of Syndication industry practice and processes
    • Advanced knowledge of external counsel loan documentation
    • FIS loan accounting experience preferred
    • Excellent decision-making, problem solving and organizational skills with the ability to multi-task in a fast paced environment
    • Microsoft Office required

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