Accounting & Finance - Accountant Basic (1-3 years)

ATR International - Newark, DE

Full-time - Entry Level

Newark, DE

Administrative and Support Services

About the position

The Accountant Basic position is designed for individuals with 1-3 years of experience in finance and accounting, focusing on loan activity management and financial reconciliations. The role involves initiating loan activities, calculating interest and fee accruals, and ensuring accurate invoicing for clients. The position requires strong analytical skills and the ability to interpret complex legal documents, making it essential for candidates to have a solid understanding of syndicated loans and related documentation.

Responsibilities

• Initiate loan activity (fundings, repricings, payments) as instructed by the client in accordance with credit agreements
• Calculate and track complex interest and fee accruals at various rate levels across changing lender distributions
• Reconcile daily funding and payment activity to account for all daily cash transactions
• Read and interpret complex legal credit agreements and related documentation working with attorneys when applicable
• Initiate and reconcile automated funds movement in accordance with client/lender instructions
• Monitor and escalate past due principal, interest, and fees to ensure that the loan accounting system is accurate and provide clients timely and accurate invoices
• Maintenance of margin changes and proper communication to bank group
• Provide information as requested by Clients, Business Partners, Middle Office, or Lenders
• Monitor control reports updating applicable comments
• Assist with any administrative tasks associated with the terms of a Credit Agreement
• Perform quality control on new deals, restructures and amendments by thoroughly understanding the credit agreement verifying system set up accuracy
• Back up co-workers, work with various special projects or other tasks as assigned

Requirements

• Undergraduate degree is strongly preferred but related job and industry experience can be accepted as a substitute (3+ years)
• Solid working knowledge of Microsoft Office applications (i.e Excel, Word and PowerPoint)
• Experience reading and interpreting syndicated loan documentation or related experience supporting syndicated loans and using LoanIQ
• Ability to manage concurrent assignments in an effective, efficient and organized manner
• Ability to work independently within a team environment
• Excellent oral and written communications skills and strong interpersonal/client servicing skills
• Strong analytical, problem solving and judgment skills
• Flexible working schedule with some overtime required