INGposted 7 months ago
$143,000 - $181,000/Yr
Full-time • Senior
Remote • New York, NY
Insurance Carriers and Related Activities

About the position

As a Vice President in the Agency Middle Office at ING, you will manage all aspects of the Administrative Agency function, serving as the central point of contact for borrowers, lenders, and third-party consultants. This role emphasizes providing high-quality service to external stakeholders while coordinating with internal teams such as Origination, Lending, and Operations. You will also assist junior team members and ensure compliance with organizational policies and procedures.

Responsibilities

  • Report directly to the Head of Agency Middle Office and support ING Capital LLC in the management of the Administrative Agent role.
  • Support the Sectors & Lending Teams in overseeing and supporting all facets of the ongoing lifecycle management of a deal.
  • Coordinate the set-up of the Administrative Agent function on transactions where ING has been selected for this role.
  • Review and understand various legal documents such as Credit Agreements and Depository Agreements.
  • Review new loan borrowings to ensure all conditions precedent to the requests have been satisfied.
  • Manage Amendment/Waiver/Consent requests, coordinating Q&A between lenders and the borrower/3rd party consultants.
  • Coordinate with the loan operations team to manage deal information, including new borrowing requests and payment of fees.
  • Monitor covenants and distribute Reporting Requirements (Financials & Non-Financial).
  • Organize & lead lender calls with clients on matters related to client requests and project updates.
  • Coordinate any secondary trades when ING is the Agent of a deal.
  • Maintain and organize deal data sites for posting documents to lenders.
  • Stay up to date on organizational operating policies and procedures to ensure appropriate protocols are implemented.

Requirements

  • BA/BS degree or equivalent experience.
  • At least 5 years of Administrative Agent experience, preferably in project finance and/or corporate finance.
  • Familiarity with Term Conversions & Tax Equity Closings is a plus.
  • Experience reviewing & interpreting loan documentation, with familiarity with common terms & concepts.
  • Proficient in customer service with strong attention to detail.
  • Highly organized, proactive, and able to manage deliverables with minimal supervision.
  • Strong communication skills, capable of arranging & leading conference calls with bank groups, borrowers, and third-party consultants.
  • Experience administering loan documentation for syndicated transactions.
  • Ability to apply critical thinking to analyze and deal with legal, business, reputation, and operational risk.
  • Proficient in MS Word, MS Excel, Outlook, Debt Domain, Loan IQ, ACBS or other loan systems.

Nice-to-haves

  • Familiarity with project finance and corporate finance concepts.
  • Experience with adoption, surrogacy, and fertility services.

Benefits

  • 401(k)
  • Health insurance
  • Paid time off
  • Work from home
  • Adoption, surrogacy, and fertility services
  • Student debt assistance
  • Subsidies for expenses associated with working from home, commuting, and fitness.
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