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Comerica - Livonia, MI
posted about 2 months ago
About the position
The Syndications Loan Analyst plays a crucial role in managing a portfolio of syndicated loans, ensuring accurate processing and compliance with bank policies. This position requires a comprehensive understanding of the syndicated loan market and operations, as well as the ability to liaise with various internal and external stakeholders. The analyst will be responsible for daily operational activities, financial transactions, and resolving complex loan issues, contributing to the overall efficiency and effectiveness of the bank's lending operations.
Responsibilities
- Manage a portfolio of lending facilities where Comerica acts as Administrative Agent and lead bank.
- Ensure all lending transactions are processed and managed correctly, minimizing operational risks and losses.
- Comfortably manage all aspects of syndicated servicing, including interaction with senior internal and external stakeholders.
- Perform basic loan accounting and loan operational transactions daily.
- Monitor AFS system accruals to ensure accuracy between spreadsheets and AFS accruals.
- Review monthly billing statements to ensure accuracy and prevent past due accounts.
- Analyze daily, weekly, monthly exception reports to resolve errors or maintenance items.
- Support the execution and closing of complex syndicated loan transactions, including new deals and refinancing.
- Timely management, escalation, and resolution of all requests, inquiries, issues, and errors.
Requirements
- High School Diploma or equivalent.
- 3 years of college-level accounting courses or related experience.
- 2 years of experience in commercial syndicated loan processing.
- 2 years of experience with Excel and Word.
- 2 years of experience analyzing and interpreting documents.
Nice-to-haves
- Comprehensive knowledge of the Syndicated Loan Market, especially as an Administrative Agent.
- In-depth knowledge of Syndicated Lending Operations including loan servicing and Fedwire payments.
- Knowledge of industry standards and best practices for Syndicated and Commercial lending operations.
Benefits
- Equal Opportunity Employer
- Commitment to workplace diversity
