Associate, Loans Administration
About Citco
Since the 1940s Citco has provided specialist financial services to alternative investment funds, investors, multinationals and private clients worldwide. With over 6,000 employees in 45 countries we pioneer innovative solutions that meet our clients’ evolving needs, and deliver exceptional service.
Our continuous investment in learning means our people are among the best in the industry. And our corporate social responsibility programs provide meaningful and fulfilling work in the community.
A career at Citco isn’t just a job – it’s an opportunity to excel in an environment that genuinely supports your personal and professional development.
About the Role:
This is a supervisory, analytical and multi-tasking role that requires the team member to be able to review daily workflow, analyze and process bank loans and P&L, and to effectively communicate to clients and counterparties. This role requires the team member to have an in-depth understanding of the syndicated loan market and other credit types, as well as understand the different trading strategies across their client’s portfolios.
Job Duties in Brief:
- Review credit agreements in full detail and create respective term sheets to outline key economics
- Review all transaction documentation, and legal documentation/supporting files, as well as understanding the investment transactions (accruals, pnl, accretion, etc.)
- Review amendment and restructuring agreements in full detail
- Prepare amortization schedule for each deal / maintenance ( Straight-line and effective yield)
- Oversee contract rollovers, principal pay downs, borrowings, and trade settlements/funding’s
- Interact closely with internal and external teams to ensure timely deliverables
- Prepare monthly loan packages that consist of Core Reporting: Holdings, Loan Roll Forward, Accrued Interest and Net Income
- Create white label client notices for interest payments, pay downs, rate-sets, borrowings, etc.
- Prepare monthly/quarterly loan packages (Loan Roll Forward, Holdings Report, Accrued Interest, etc.)
- Research and analyze P&L/accrual breaks, as well as pricing and trading discrepancies
- Analyze reconciliations from Middle Office team – Loan activity, security maintenance, cash, borrowings, positions, interest rates, index rates, loan attributes
- Basic understanding of Journal entries - Debits and Credits
- Identify and investigate interest, position and cash breaks after middle office team processes
- Interact effectively with team members, Cash Operations, Accounting, Valuations and P&L, trade processing, and other supporting department(s) to resolve issues pertaining to loans
- Contribute to implementation of procedural enhancements to improve all workflow processes
- Ensure all issues addressed to the group are addressed and resolved timely
- Work with external auditors on loan related questions and support
- Actively engage in and manage special analytical projects for senior management
- Monitor Checklists for clients to ensure deadlines are met
- Handle Ad-Hoc requests from client as needed
About You:
- Bachelors Degree in Accounting, Finance, Economics, or Business Administration and 3-5 years of related loan experience.
- Product Knowledge: Primary & Secondary Syndicated Bank Loans (Par & Distressed) as well as Total Return Swaps and Financing Facilities.
- Wall Street Office or similar loan management system preferable.
- Committed team player with excellent communication and interpersonal skills.
- Detail focused with the ability to multi-task.
- Ability to learn new applications and source information from numerous systems.
- Ability to work effectively in a team environment.
- Ability to organize and prioritize tasks, and to work in a deadline-focused organization.
- Flexible, adaptive, professional style – capable of working in a fast paced, dynamic environment
- Strong computer skills, in particular with Excel and Word, and aptitude to learn new skills.
What We Offer:
- A challenging and rewarding role in an award-winning global business.
- Opportunities for personal and professional career development.
- Great working environment, competitive salary and benefits, and opportunities for educational support.
- Be part of an industry leading global team, renowned for excellence.