Associate II- Loan Agency Job at Alter Domus

Alter Domus Chicago, IL 60606

We are Alter Domus. Our name means “The Other House” and we’re a world leading provider of integrated solutions for the alternative investment industry. We believe in being different. Here, you progress on merit, not who you know. You speak openly, whoever you’re speaking to. And it’s your freedom to decide which cutting-edge kind of finance professional you want to be. Join more than 4,100 fund administration, accounting, tax, loan administration and legal experts worldwide and take pride in being alternative.


Alter Domus clients include the world’s leading asset managers, lenders and asset owners. We’re specialists who use the most innovative technologies to create unparalleled solutions for the private equity, real assets and debt capital markets sectors. This is where standout talent advances what’s possible in fund administration, corporate services, depositary services, transfer pricing, domiciliation, management company services, loan administration, agency services, trade settlement and CLO manager services.


JOB DESCRIPTION:

  • Act as liaison between borrowers and lenders, collaborate with other parties within the industry, including legal counsel, trustees and other third party service providers.
  • Maintain a working knowledge of all relevant portfolios and deal related documentation.
  • Reference, understand and extract Credit Agreement and governing document information to ensure compliance and update the Agency system accordingly.
  • Use judgment, interpretation and problem-solving to understand loan related information.
  • Calculate, invoice and disburse all deal related fees; collect and disburse interest, principal, fee payments and new borrowing funds.
  • Coordinate funds movement for initial funding and closing.
  • Provide training to Associate level staff on policies and procedures.
  • Ensure proper system set-up including maintenance of changing deal attributes.
  • Understand services offered and risks as it relates to Agency and alert Manager of out of scope requirements, risk issues, etc.
  • Maintain facility commitments and process loan and facility-related activity including rollovers, rate settings, conversions, prepayments, assignments, amendments, etc.
  • Perform heavy data entry in agency systems and Microsoft Excel.


WHAT YOU'LL NEED:

  • Bachelor’s degree in accounting, finance, economics, a related field, or commensurate work experience.
  • 2+ years of experience in bank loan agency, syndication or investment management operations experience.
  • Responsive, friendly, professional, and proactive communication approach.
  • Deadline-driven and highly organized with exceptional attention to detail.
  • Ability to independently research, analyze and resolve complex problems and quickly learn new concepts.
  • Working knowledge of fundamental financial, accounting and operations concepts.
  • High proficiency in Microsoft Excel and experience with Bloomberg and other loan research tools a plus.


ABOUT US:

We are Alter Domus. Our name means “The Other House” and we’re a world leading provider of integrated solutions for the alternative investment industry. We believe in being different. Here, you progress on merit, not who you know. You speak openly, whoever you’re speaking to. And it’s your freedom to decide which cutting-edge kind of finance professional you want to be. Join more than 4,100 fund administration, accounting, tax, loan administration and legal experts worldwide and take pride in being alternative.


Alter Domus clients include the world’s leading asset managers, lenders and asset owners. We’re specialists who use the most innovative technologies to create unparalleled solutions for the private equity, real assets and debt capital markets sectors. This is where standout talent advances what’s possible in fund administration, corporate services, depositary services, transfer pricing, domiciliation, management company services, loan administration, agency services, trade settlement and CLO manager services.

WHAT WE OFFER:
Alter Domus provides a sophisticated, diverse, and global work environment with prominent clients. We will take your ambitions and talents to the next level while giving you the resources and support you need to succeed.

Here are some of the benefits we provide:

  • 401(k) savings plan with 100% employer match up to 6%
  • Flexible paid time off from 27-35 days paid off per year, depending on your level
  • 11 paid holidays
  • Paid birthday off
  • Generous parental leave for both parents
  • Health care coverage for as little as $25 per month
  • Flexible Hybrid working environment
  • Comprehensive training through our acADemy training program
  • Dedicated people manager and coach focused on your career



Alter Domus is an Equal Opportunity Employer: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status.




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