Barings
Associate Director, Loan Agency Administration
Barings, Charlotte, North Carolina, United States, 28245
Associate Director, Loan Agency Administration
Barings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe, and Asia Pacific.
Title:
Associate Director, Loan Agency Administration
Business Unit:
Bank Loan Operations Agency
Location:
Chicago, IL or Charlotte, NC
Job Summary Barings is seeking a seasoned commercial lending operations professional to join our Loan Agency Administrative Team, providing administrative support to the investment team by managing the closing, funding, and servicing activity of the Global Private Finance loan portfolio. This position can be located in either Chicago, IL or Charlotte, NC office.
Primary Responsibilities
Oversight and management of closing/funding process for new deals, restructures, and amendments.
Work with internal teammates and external vendors on the set-up and processing of agented bank loan transactions.
Review and interpret credit agreements and related loan documentation to ensure that the set-up of deal and borrower level information is captured accurately by third-party agency services providers.
Oversee the loan portfolio’s ongoing loan servicing activities including the loan drawdown funding, billing, and repayment processes in conjunction with internal stakeholders and third-party vendors.
Follow and enforce established controls and suggest new ones as products and team processes evolve to support a growing private credit business.
Oversee transfer requests between multiple private fund investment vehicles and ensure internal allocations align with the agent’s books.
Validate that deal set-up changes have been made in a timely and accurate manner by our third-party service providers.
Assist in monitoring overall vendor performance and flag issues to leadership as needed.
Review borrower invoices for accuracy. Ensure that preparation, distribution and tracking of invoices is complete.
Provide requested documentation for the completion of annual audits as needed.
Work on special projects upon request.
Qualifications
4 years’ experience in commercial lending in loan closing, booking and/or servicing functions preferably in Agency Services.
Bachelor’s degree in finance, accounting or related fields and/or equivalent combination of education and industry experience.
Ability to multi-task and adapt to changing circumstances and adjust priorities as needed in a deadline driven environment while maintaining careful attention to detail and accuracy.
Excellent attention to detail, taking individual responsibility for quality and accuracy.
Works well independently as well as in a team environment.
Excellent communication and interpersonal skills with the ability to liaise effectively with internal and external counterparts and stakeholders.
Can-do attitude: resilient with the ability to remain calm when under pressure.
Takes ownership and responsibility for tasks; follows through to completion.
Highly organized.
Demonstrated initiative for problem solving with a focus on providing an excellent customer experience.
Additional Information Barings is an Equal Employment Opportunity employer; minority, female, age, sexual orientation, gender identity, disability, protected veteran. We welcome all persons to apply.
Benefits
Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
Fitness Center Reimbursement Program (Including Online Memberships)
Employee Assistance Program (EAP)
Fertility Benefits
Highly competitive 401(k) Plan with Company Match
Health Savings Account (HSA) with Company Contributions
Flexible Spending Accounts (FSA) - Health Care & Dependent Care
Retirement Health Reimbursement Account
Basic and Supplemental Life Insurance
Spouse and Child Life Insurance
Paid Vacation, Sick Days and Annual Holidays
Paid Leave of Absences (Maternity, Parental, Caregiver, Bereavement)
Short and Long Term Disability Plans
Paid Volunteer Time
Education Assistance Program
Charitable Matching Gifts Program
Commuter Reimbursement Program
Adoption and Surrogacy Reimbursement Program
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Title:
Associate Director, Loan Agency Administration
Business Unit:
Bank Loan Operations Agency
Location:
Chicago, IL or Charlotte, NC
Job Summary Barings is seeking a seasoned commercial lending operations professional to join our Loan Agency Administrative Team, providing administrative support to the investment team by managing the closing, funding, and servicing activity of the Global Private Finance loan portfolio. This position can be located in either Chicago, IL or Charlotte, NC office.
Primary Responsibilities
Oversight and management of closing/funding process for new deals, restructures, and amendments.
Work with internal teammates and external vendors on the set-up and processing of agented bank loan transactions.
Review and interpret credit agreements and related loan documentation to ensure that the set-up of deal and borrower level information is captured accurately by third-party agency services providers.
Oversee the loan portfolio’s ongoing loan servicing activities including the loan drawdown funding, billing, and repayment processes in conjunction with internal stakeholders and third-party vendors.
Follow and enforce established controls and suggest new ones as products and team processes evolve to support a growing private credit business.
Oversee transfer requests between multiple private fund investment vehicles and ensure internal allocations align with the agent’s books.
Validate that deal set-up changes have been made in a timely and accurate manner by our third-party service providers.
Assist in monitoring overall vendor performance and flag issues to leadership as needed.
Review borrower invoices for accuracy. Ensure that preparation, distribution and tracking of invoices is complete.
Provide requested documentation for the completion of annual audits as needed.
Work on special projects upon request.
Qualifications
4 years’ experience in commercial lending in loan closing, booking and/or servicing functions preferably in Agency Services.
Bachelor’s degree in finance, accounting or related fields and/or equivalent combination of education and industry experience.
Ability to multi-task and adapt to changing circumstances and adjust priorities as needed in a deadline driven environment while maintaining careful attention to detail and accuracy.
Excellent attention to detail, taking individual responsibility for quality and accuracy.
Works well independently as well as in a team environment.
Excellent communication and interpersonal skills with the ability to liaise effectively with internal and external counterparts and stakeholders.
Can-do attitude: resilient with the ability to remain calm when under pressure.
Takes ownership and responsibility for tasks; follows through to completion.
Highly organized.
Demonstrated initiative for problem solving with a focus on providing an excellent customer experience.
Additional Information Barings is an Equal Employment Opportunity employer; minority, female, age, sexual orientation, gender identity, disability, protected veteran. We welcome all persons to apply.
Benefits
Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
Fitness Center Reimbursement Program (Including Online Memberships)
Employee Assistance Program (EAP)
Fertility Benefits
Highly competitive 401(k) Plan with Company Match
Health Savings Account (HSA) with Company Contributions
Flexible Spending Accounts (FSA) - Health Care & Dependent Care
Retirement Health Reimbursement Account
Basic and Supplemental Life Insurance
Spouse and Child Life Insurance
Paid Vacation, Sick Days and Annual Holidays
Paid Leave of Absences (Maternity, Parental, Caregiver, Bereavement)
Short and Long Term Disability Plans
Paid Volunteer Time
Education Assistance Program
Charitable Matching Gifts Program
Commuter Reimbursement Program
Adoption and Surrogacy Reimbursement Program
#J-18808-Ljbffr